Jun 19, 2014. /Lesprom Network/. Vapo Timber Oy’s turnover in the extended financial year 1 January 2013–30 April 2014 was Euro 179.7 million (Euro 112.5 million in 1 January–31 December 2012), as the company said in the press release received by Lesprom Network.

The operating result for the period was Euro -5.2 million compared to Euro -10.9 million in 2013. The operating result includes one-off items of Euro -0.9 million. Gross investments were Euro 3.2 million.

Deliveries of sawn timber in the period from January 2013 to April 2014 were 733,000 cubic metres compared to 491,000 cubic metres.

After Vapo Timber Oy sold the business operations, fixed assets and inventories of the Hankasalmi sawmill unit to Versowood Oy on 1 January 2014, Vapo Timber Oy’s business operations include the Kevätniemi and Nurmes sawmills. All of the Hankasalmi sawmill’s personnel transferred to the new owner with unchanged terms of employment.

In Finland, the demand for sawn timber is still low, but the fact that construction activity in Europe is picking up and demand in the North African market has remained stable predicts an improvement in the result of the sawmill business. However, this requires the continuation of problem-free raw material supply with regard to both domestic timber and timber imported from Russia.

Vapo Timber Oy is a sawmill company focusing on the production and sales of sawn timber products made of pine and spruce.