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Lower lumber prices exert pressure on Canfor result

17.05.2016 − 

Lower selling prices for softwood than last year caused the first-quarter operating result of the “Lumber” division of the Canadian company Canfor to fall by 30.8% against the same period of last year to CAD33.4m. The lower selling prices were also unable to be compensated for by a 16.1% increase in the sold volume of softwood lumber to 1.355bn bdft.

The output was raised by around 8.5% in the first three months to 1.303bn bdft, contributed to in part by the takeover of An-thony Forest Products Company (AFP) at the end of October 2015. According to information from the company, production activity ran at a very high level at the works in western Canada whereas the SYP works in the south of the USA struggled with weather-related problems at times. Sales revenue generated by the Lumber division in the first quarter rose by 19% to CAD772.6m.

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