Brief: Koskisen Q1 EBITDA Down At EUR 5.5 Mln

Koskisen Oyj

14/05/2024 06:47

May 14 (Reuters) - Koskisen Oyj  KOSKI.HE :
    * PROFITABILITY WEAKENED YEAR-ON-YEAR - DEMAND FOR AND
PRICES OF
PLYWOOD PRODUCTS REMAINED STILL STABLE
    * Q1 REVENUE DECREASED AND AMOUNTED TO EUR 63.7 (73.2)
MILLION
    * Q1 EBITDA DECREASED AND AMOUNTED TO EUR 5.5 (12.6) MILLION
    * DIRECT STRIKE HAD A MINOR IMPACT ON SAWMILL PRODUCTION
    * PART OF ANTICIPATED FIRST-QUARTER REVENUE OF SAWN TIMBER
INDUSTRY SEGMENT WAS PUSHED TO Q2 DUE TO STRIKE
    * COST OF WOOD RAW MATERIAL REMAINS HIGH, AND PRICES WERE ON
A
RISING TRAJECTORY IN Q1
    * FINANCIAL TARGETS PREVIOUSLY SET BY KOSKISEN UNTIL END OF
2027
REMAIN UNCHANGED

Source text for Eikon:  ID:nMFN9k2SWQ 
Further company coverage:  KOSKI.HE 

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