Adjusted EBITDA for Q1 2024 was $352 million, compared with $395 million for the same period last year and $321 million for Q4 2023.
Schnittholz
Eric Knox will focus on expanding the reach and enhancing the sales strategies within the Lumber and Building Materials (LBM) division.
Non-IFRS measure normalized EBITDA margin decreased to 20% for the year ended December 31, 2023 from 25% for the year ended December 31, 2022. This decrease was mainly due to decreased gross margins and increased operating costs.
Operating profit falls amid lower paper prices.
The era of steep commodity price falls triggered by the pandemic and subsequent recovery phases seems to be concluding.
Operating profit for the financial year 2023 increased from the previous year’s Euro 2.2 million to Euro 4.2 million.
Cash flow from operating activities in the Q1 2024 amounted to SEK -226 million ($2.4 million).
Exports of lumber from New Zealand rose 1.7%.
Segezha Group's revenue declined 9% in 2023, leading to a net loss of about $197 million.
This figure is still lower than the Q1 2022 production volume.
Exports of lumber from Chile slipped 4%.
Price for lumber exported from Thailand to China upped 3%.
The performance reflects subdued construction activity and reduced availability in the raw material market.
Q1 2024 Adjusted EBITDA was $200 million compared to $97 million in the Q4 2023.
In the week ending April 12, 2024, the price of Western S-P-F 2x4 #2&Btr KD (RL) was US$452 mfbm, said forest products industry price guide newsletter Madison’s Lumber Reporter. This is flat from the previous week when it was $452.
Last year, the top ten softwood lumber producers in North America held about 49% of the total capacity.
In the current stage of expansion, the plant has an annual production capacity of 370,000 m³ of dry lumber.
By working with TDUK the business seeks to help drive improvements and decarbonisation in its supply chain, develop colleague knowledge and skills, and provide access to market intelligence and support to develop longer-term supply chain planning.
The Madison’s Lumber Prices Index for the week ending April 19, 2024 was US$444 mfbm. This is down by -8%, or -$37, from the previous week when it was US$481.
The ongoing investments will increase Pölkky’s production volumes, and therefore the Company is strengthening its sales team in the Mena region (Central Asia and North Africa).