Estonia's Nordic Fibreboard Q1 net loss widens on factory shutdown, higher gas prices
Estonia's Nordic Fibreboard Q1 net loss widens on factory shutdown, higher gas prices
Overview
Estonia fibreboard producer's Q1 revenue rose 7.3% yr/yr to €1.86 mln
Q1 net loss widened to €570k, impacted by factory shutdown and higher gas prices
Company signed preliminary agreement to sell ten Pärnu properties
Outlook
Nordic Fibreboard expects fibreboard demand to remain stable in coming months
Company is focusing on expanding Nordic market and developing interior finishing panels
Company expects to finalize sale of ten properties in Pärnu by end-June 2026
Result Drivers
FINNISH DIY SALES - Higher order volumes from Finnish DIY stores supported revenue growth
FACTORY SHUTDOWN - Scheduled shutdown for new boiler house commissioning disrupted production and impacted results
HIGHER ENERGY COSTS - Significant increase in gas prices and cold weather raised energy costs and weighed on profitability
Company press release: ID:nGNE1s2YYH
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Net Income |
| -EUR 570,000 |
|
Q1 EBITDA |
| -EUR 395,000 |
|
Q1 EBITDA Margin |
| -21.00% |
|
Q1 Operating Profit |
| -EUR 530,000 |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)