19% increase in Segezha Group’s sales revenue
Higher sales volumes of lumber, plywood, fibreboard, and paper sacks raised the sales revenue of Russian Segezha Group in the third quarter of 2016 by 19% against the same quarter of the year before to RUB10.5bn (roughly equivalent to €146m). EBITDA and the operating result increased by almost 30% each to RUB2.2bn and RUB1.4bn respectively due to shifts in the product mix and the ensuing improvement in average selling prices. The result for the period fell by 33% to RUB400m, however, owing to extraordinary expenditure.
The consolidation of Siberian LDK 1 taken over in early February contributed to the doubling in lumber and fibreboard sales to 234,600 m³ and 15.3m m² respectively. The volume of gluelam sales quadrupled to 8,200 m³ m³; an increase of 3% was registered in birch plywood to 24,000 m³. The volume of paper sack sales was 19% higher than a year earlier at 384.2m units. Deliveries of paper and board fell by a fifth to 35,600 t because production was halted for 15 days in September in connection with the modernisation of the existing pulp and paper machines at the Segezha facility.