In Q2, Segezha group’s sales rose by 8.9% year on year to € 192 million, while OIBDA (Operating Income Before Depreciation and Amortization) fell by 4.4% to € 41 million. The OIBDA margin was 21.2% in Q2. Net profit also saw a year-on-year increase of 152.1% to € 36 million.
Plywood and prefabricated house sales decreased because the press line at the production site Sokol in the Wologda region was replaced in July. The new line, which has a capacity of 25 m³ of plywood per hour, is going to raise the company’s output by 20% to 100,000 m³ a year.
Despite the difficult situation due to the corona pandemic, Segezha Group was able to implement its investment program as planned. In Q2, overall investments amounted to € 41 million.
