Operating EBITA amounted to SEK 91 million and the operating EBITA margin amounted to 5%.
Finance
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.
The first quarter saw a 10% increase in home sale revenues over the previous year.
Ponsse's operating profit in Euro is estimated to be slightly weaker in 2024 than in 2023 (Euro 47.2).
International Monetary Fund upgrades 2024 global growth forecast to 3.2%; highlights widening gap between rich and poor countries.
Beijing pours funds into factory production to mitigate past economic slowdowns and stimulate growth.
Unexpected rise fueled by construction and automotive sectors.
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.
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.