Conifex Timber Inc. reported results for the Q4 and year ended December 31, 2023. EBITDA from continuing operations was negative $3.5 million for the quarter and negative $25.8 million for the year, compared to EBITDA of $2.3 million in the Q4 2022 and $46.7 million for the year.
Finanzkennzahlen
This decline is part of a broader trend influenced by economic challenges, including a sluggish property sector and weak domestic demand.
The Model Group achieved consolidated sales of CHF 921 million in the past financial year, which corresponds to a decline of 24% compared to the previous year.
The ban on Russian and Belarusian wood imports has led to a biomass shortage in the Baltic timber market, causing prices for logs to rise.
GreenFirst Forest Products reported net sales from continuing operations of $103.2 million during Q4 2023, an increase of $7.5 million or 8%, compared to Q3 2023.
The agreements should reduce company's debt by approximately $1 billion.
Ence's consolidated operating result (EBITDA) reached Euro 25 million in the fourth quarter and Euro 89 million in 2023.
A court in Russia has ordered the seizure of assets belonging to a subsidiary of the global furniture giant worth almost $143 million.
Builders FirstSource's Q4 2023 net sales were $4.2 billion, a 4.7% decrease, primarily driven by a decline in core organic net sales of 1.3% and commodity deation of 5.0%, partially offset by growth from acquisitions of 1.6%.
Net sales for 2023 were $1,643 million, down $74 million from the prior year.
The need for this amendment arises in the wake of a significant downturn in the lumber market, where Benchmark SPF lumber prices saw a 50% reduction in 2023, leading to a negative EBITDA for Conifex.
LL Flooring Holdings' Q4 2023 net sales decreased 19.7% to $211.8 million compared to the same period last year, driven by a decrease in transaction count and average transaction size reflecting lower spend by consumers and Pros.
Sales in 2023 were up 8% to $3,319 million, compared to $3,065 million last year.
Iberpapel reported a profit of Euro 47.13 million in 2023, growth of 197.58% from 2022. That figure includes the gain on the sale of forest assets in Uruguay in 2023 of Euro 20.98 million.
For the Q4 2023, Canfor Pulp Products reported an operating loss of $15.1 million, compared to an operating loss of $49.3 million for the Q3 2023.
For the Q4 2023, Canfor Corporation reported an operating loss of $191.3 million, compared to an operating loss of $65.1 million for the Q3 2023.
The central success factor is a consistent and successful export investment. The export share now constitutes 70% of the total turnover, which means an increase of 10% compared to the previous year.
Tornator’s FY 2023 Adjusted operating profit amounted to Euro 141.8 million, and the adjusted net profit stood at Euro 96.7 million.
Net sales decreased slightly to $9,428 million for the full year 2023, compared to $9,440 million in the prior year.
FY 2024 consolidated sales of $2.15 billion, a record year, increased $174 million, or 8.8%, compared to $1.98 billion in the prior year.