Growth continued for Koskisen Group in 2016. The Group’s net sales totalled more than Euro 264 million, up nearly 7% from the previous year. Growth was seen especially in the two largest business units – Sawn Timber and Plywood, as the company said in the press release received by Lesprom Network.
Operating profit in 2016 amounted to Euro 4.2 million, a clear decline from the previous year. In 2016, operating profit fell short of the Group’s targets in all business units. The profitability of the operations was burdened by operational factors and by the inflexibility in the market price of softwood logs in relation to the change in the global market prices for sawn softwood.
Koskisen’s processed wood products were delivered to 69 countries around the world. Exports accounted for 54% of the Group’s net sales.
Koskisen Oy is over a hundred year old family business in wood processing. The company operates in sawmilling, plywood, chipboard and construction industries.