Koskisen Oyj

Koskisen Corporation's January–September 2024 Interim Report shows an increase in revenue, with significant improvements in the profitability of its Sawn Timber Industry segment. For the third quarter, revenue was EUR 67.8 million, while EBITDA rose to EUR 3.6 million. However, the Panel Industry segment saw a decrease in profitability due to higher raw material costs. Overall, the company's revenue for the first nine months of 2024 was EUR 209.3 million, with a decreased EBITDA of EUR 18.5 million. Despite challenges, including rising softwood log prices and weak demand in Central Europe, the company continues to focus on operational efficiency and strategic investments. The new log yard and expansion in Poland are progressing as planned, aiming to enhance production efficiency and capacity. Koskisen maintains its 2024 profit guidance, expecting revenue growth and an adjusted EBITDA margin of 8–12%.

Koskisen Corporation announced that it will release its Interim Report for January-September 2024 on Friday, November 15, 2024, at 8:30 a.m. EET. The report will be accessible on their website. Additionally, Koskisen will host a live webcast on the same day at 10:00 a.m. EET, which can also be viewed on their website, with presentation materials and a recording available afterward. For further details, Sanna Väisänen, Director of Sustainability and Communications, can be contacted. Koskisen is a long-established international wood processing company that focuses on sustainable and high-quality products. In 2023, the company reported a revenue of EUR 271 million.

Koskisen Corporation held an analyst call on October 15, 2024, ahead of its silent period starting October 16. The company discussed market conditions and production updates for Q3 2024. In the Panel Industry, demand remained stable despite a weak economic situation in Central Europe, while the Sawmill Industry saw no change from the previous quarter. Interest rate declines are expected to improve the construction sector from the second half of 2025. Sawn timber saw slight recovery in Finland, with stable prices expected for the rest of the year. The Japanese market remains steady, and sawmill closures in Canada could boost European demand. The new sawmill's production reached targeted levels, and the channel kiln project was completed successfully. Inventory levels are being optimized, with no unplanned production stoppages reported. Planned stoppages are scheduled for December. The log field project is on track for completion in early 2025. Roundwood prices have slightly decreased, with expectations of further decline. Wood chip demand remains strong, with stable wood stock levels. Overall raw material costs are expected to remain stable.

Koskisen Corporation announced its financial reporting schedule and Annual General Meeting (AGM) for 2025. The company will release its financial reports on the following dates: 17 February 2025 (Financial Statements Release for 2024), 9 May 2025 (Interim Report for January-March 2025), 18 August 2025 (Half-Year Report for January-June 2025), and 14 November 2025 (Interim Report for January-September 2025). A 30-day silent period will precede each financial report's publication. The Financial Statements, Report of the Board of Directors, Auditor’s Report, and Corporate Governance Statement for 2024 will be published during week 16. The AGM is scheduled for 15 May 2025, with the Board of Directors summoning it later. Shareholders can request agenda items for the AGM by 31 March 2025. For further information, contact Sanna Väisänen, Director of Sustainability and Communications at Koskisen. Koskisen is a long-standing international wood processing specialist, focusing on high-quality, sustainable bioeconomy products. The Group’s revenue in 2023 was EUR 271 million.

Koskisen Corporation released its January–June 2024 Half-Year report on August 16, 2024. The company reported satisfactory profit levels despite challenges, particularly high wood raw material costs. **April–June 2024 Highlights:** - Revenue increased to EUR 77.8 million from EUR 73.9 million. - EBITDA decreased to EUR 9.4 million from EUR 13.8 million. - The EBITDA margin was 12.0%, down from 18.6%. - Operating profit was EUR 6.9 million, down from EUR 11.7 million. - Profit for the period was EUR 4.9 million, down from EUR 9.8 million. - Basic earnings per share were EUR 0.21, down from EUR 0.43. **January–June 2024 Highlights:** - Revenue decreased to EUR 141.5 million from EUR 147.1 million. - EBITDA decreased to EUR 14.9 million from EUR 26.4 million. - The EBITDA margin was 10.5%, down from 18.0%. - Operating profit was EUR 10.0 million, down from EUR 22.4 million. - Profit for the period was EUR 7.2 million, down from EUR 18.6 million. - Basic earnings per share were EUR 0.31, down from EUR 0.81. CEO Jukka Pahta noted that second-quarter profitability was weaker year-on-year, with an adjusted EBITDA of EUR 9.3 million. Despite challenging conditions, the company achieved satisfactory profitability levels. Demand remained stable, with a slight market uptick, particularly in sawn timber. However, the construction sector's recovery was slower than expected, and high raw material prices continued to impact profitability. The Sawn Timber Industry segment saw a slight decrease in profitability, while the Panel Industry segment also experienced a decline due to reduced volumes. Koskisen made progress with its new sawmill, achieving production targets, and continued development investments. The company’s strategic growth paths for 2024–2027 remain unchanged, focusing on customer value, operational development, and sustainability. Koskisen's sustainability program emphasizes the importance of renewable materials in the green transition. A webcast discussing the half-year report will be held on August 16, 2024, at 10:00 a.m. EEST, with materials available on the company's website. For further information, contact CEO Jukka Pahta or Director of Sustainability and Communications Sanna Väisänen. Koskisen is an international wood processing specialist known for high-quality, sustainable products. The Group’s revenue in 2023 was EUR 271 million. More details are available on koskisen.com.

Koskisen Corporation will release its Half-Year Report for January-June 2024 on Friday, 16 August 2024, at 8:30 a.m. EEST, available on its website. A live webcast will follow at 10:00 a.m. EEST, with the presentation material and recording accessible afterward on the company’s site. For more information, contact Sanna Väisänen, Director of Sustainability and Communications, at sanna.vaisanen@koskisen.com or +358 20 553 4563. Koskisen is an international wood processing company with over a century of experience, focusing on sustainable products. The Group’s 2023 revenue was EUR 271 million.

On 12 July 2024, Koskisen Corporation held a pre-silent period call for analysts, summarizing key questions and answers. The silent period for Q2 2024 starts on 17 July 2024, and the half-year financial report will be published on 16 August 2024. Key points discussed include: - Availability of roundwood has been good, ensuring sufficient raw materials. - Raw material reserves are at a good level, with stable purchasing strategies to avoid price peaks. - Roundwood price changes have a minor impact due to 3-6 months of reserves. - No significant production disruptions, though chipboard production faced temporary layoffs. - The transport sector strike had minimal impact on logistics costs but created market uncertainty. - Deliveries postponed from Q1 have been completed as planned. - The new sawmill in Järvelä is ramping up production, slightly slower than expected but on track. - Sawn timber prices increased slightly, while plywood and chipboard demand and prices remained stable. - A EUR 3 million investment in the Kore business is underway, with full capacity expected by H1 2025. For further information, contact Sanna Väisänen, Director of Sustainability and Communications at Koskisen Corporation. Koskisen is an international wood processing specialist, focusing on high-quality and sustainable products. The Group’s revenue in 2023 was EUR 271 million.

On 27 June 2024, Koskisen Corporation's Board of Directors announced changes to their share-based incentive plan for 2022–2026. Initially decided on 25 April 2022, the program aims to align the interests of shareholders and key employees, enhance the company's long-term value, and offer competitive incentives. The changes include adding new participants to the earning periods, with the 2024–2026 period now accommodating up to 25 participants and distributing a maximum of 331,000 gross shares. One participant was also added to the 2022–2024 period, bringing the total to 7 participants and a maximum distribution of 156,000 gross shares. The incentive program consists of three three-year earning periods, with criteria and targets set by the Board of Directors. Bonuses are paid in shares and cash, with the cash portion covering tax costs. Koskisen Corporation specializes in wood processing and reported a revenue of EUR 271 million in 2023.