Tornator's 1H 2018 net sales totalled Euro 52.1 million, in which the share of timber deliveries was Euro 49.9 million. Timber deliveries totalled 1.7 million cubic metres, as the company said in the press release received by Lesprom Network.
Reported IFRS operating profit was Euro 28.7 million, compared to Euro 31.2 million in 1 January – 30 June 2017. Operative operating profit improved by 32% to Euro 38.2 million.
CEO Sixten Sunabacka, said: “I am very happy with the results of our investments in growth, profitability and development. The net sales and profitability of our main business, timber sales, improved in all our operating countries in comparison with the same period in the previous year. Strong demand for wood and increasing price level combined with skilled employees provided us well for an excellent performance.”
Tornator is a leading company specialised in sustainable forest management in Europe. The company owns forests in Finland, Estonia and Romania.
