Net sales were regionally distributed as follows: Northern Europe 42.4%, Central and Southern Europe 21.3%, North and South America 33.5% and other countries 2.8%.
Finance
Adjusted EBITDA decreased 36.9% to $631.7 million, primarily driven by lower net sales including a decline in core organic products amid a slowing housing market and commodity deflation.
Revenues have decreased due to some material prices (ie: lumber) stabilizing at significantly lower prices than the prior two years. The market has also seen a slowdown in some areas across Canada, mainly Ontario, due to rising interest rates resulting in the construction industry pausing to assess affects on new housi...
Koppers Holdings reported net income for the Q1 2023 of $25.5 million, or a Q1 record of $1.19 per diluted share, compared to $18.8 million, or $0.87 per diluted share, in the prior year quarter.
Q1 2023 net loss from continuing operations was $20.2 million or a $0.11 loss per share (diluted), compared to net loss of $25.9 million or $0.15 loss per share (diluted) in the Q4 2022 on the same basis.
EBITDA amounted to Euro 13.3 million, a decrease of Euro 1.8 million from the previous year (Euro 15.1 million). This corresponds to an EBITDA margin of 20.2 %.
In 2022,EBITDA increased by 54% to Euro 55.5 million. Last year, the Group paid a total of Euro 35.3 million in taxes, of which Euro 24 million were paid in Latvia.
Results in the Q1 2023 reflect more challenging macroeconomic conditions, resulting in lower lumber prices and reduced demand compared to the same period last year.
Net sales for the Q1 2023 decreased year-over-year by $583 million, including a decrease in OSB segment revenue of $555 million, or 75%, due to 66% lower prices and 26% lower volume and a decrease in South America segment revenue of $11 million, or 17%, predominately driven by lower OSB sales volumes and pricing. Sidin...
Total sales for the quarter were $22.3 billion. Comparable sales decreased 4.3%, driven by lumber deflation, unfavorable weather and lower DIY discretionary sales. Comparable sales are based on comparison to weeks 2-14 in 2022.
Schumacher Packaging increases annual turnover to Euro1.2 billion in 2022. Decisive factors for the strong growth were the development of new product fields and strategic decisions.
The demand for high performance and sustainable Accoya wood continues to grow, with sales volumes for Accsys’ FY 2023 (Apr-Mar) up 6% over the previous year.
In the Q1 2023, Operating EBITDA decreased to $27.5 million from $154.5 million in the same quarter of 2022 primarily due to higher per unit fiber and chemical costs, lower lumber and energy sales realizations, lower pulp sales volumes.
In the Q1 2023, net sales were $798 million, a decrease of $504 million, or 39% when compared to the Q1 2022. Gross profit was $134 million, a decrease of $158 million, or 54%, year-over-year, and gross margin was 16.7%, down 560 basis points from the same period last year.
Q1 net income was $15.1 million or $0.18 per share, compared to net loss of ($0.5) million or ($0.01) per share during the same quarter a year ago. Operating income margin was 3.1% as of April 1, 2023.
During the Q1 2023, Conifex Timber incurred a net loss of $8.1 million or $0.20 per share compared to $0.2 million or nil per share in the previous quarter and net income of $11.4 million or $0.28 per share in the Q1 2022.
Record EBITDA of $120 million, or a margin of 16.9%, up from 13.5% in Q1 2022.
The company anticipates a decrease in full-year 2023 comparable EBIT compared to the previous year.
The Siempelkamp Group reports an order backlog of more than Euro 1.03 billion in 2022 fiscal year, the company can report full capacity utilization and at the same time, a healthy looking order book.
The Homag Group increased sales by 10% in the Q1 2023. As expected, order intake weakened in the Q1 2023 after two exceptionally strong years.