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Lesy CR result plummets to CZK70m

04.07.2019 − 

Czech state forest administration Lesy Ceské republiky (Lesy CR) achieved net profit of CZK70m (equivalent to some €2.7m) in 2018. In the preceding year, according to Lesy CR, the result had been significantly higher at CZK3.08bn. Turnover declined by one quarter to CZK7.6bn. Roundwood logging increased, in contrast, by one third to 10.7m m³. Despite the decline in profit in 2018 Lesy CR paid out CZK2.5bn to the state budget. Payments by the forestry company since 2013 therefore amount to a total of CZK31.87bn.

The deterioration in results is due to the significant decline in roundwood prices in connection with the bark beetle calamity in the Czech Republic. Damaged wood has largely been cleared and removed from the forests in order to prevent further spreading.

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