Koskisen Oyj

Koskisen Corporation held a pre-silent period call on January 15, 2025, to discuss key questions and answers with analysts. The company's silent period for the Financial Statements Release 2024 will start on January 17, 2025, and the release will be published on February 17, 2025. Key points from the call include stable order flows for birch plywood and sawn timber meeting expectations. The construction industry's recovery is expected in the second half of 2025. No significant price changes for panel products are anticipated, though sawn timber prices may rise due to external factors. Challenges for 2025 include raw material costs and maintaining profitability amid market conditions. Production stoppages occurred during Christmas, with layoffs in chipboard production but not in birch plywood. A three-year investment program for the Panel industry is valued at EUR 12 million. The new sawmill's ramp-up is on track, with ongoing adjustments for log handling. Potential strikes pose challenges, but negotiations continue constructively. The new log yard is being tested and will be partially operational by the end of January. The old log yard will continue sorting birch logs. Variable winter weather in Southern Finland has not impacted harvesting, and wood market developments were as expected, with stable supply and high prices. The wood stock is in line with targets. Koskisen is an international wood processing company known for sustainability and customer focus, with a 2023 revenue of EUR 271 million.

Koskisen Corporation announced a significant investment program in its Panel Industry business's plywood production in Järvelä, set to run until the end of 2027. The first phase, valued at approximately EUR 12 million, will commence in 2025. CEO Jukka Pahta highlighted the company's shift in investment focus from the Sawmill Industry, which recently saw EUR 75 million in investments, to the Panel Industry. The program aims to enhance productivity, quality, and yield by modernizing production stages and increasing plywood capacity from 65,000 m3 to 85,000 m3. This initiative is driven by stable demand for wood products and aligns with Koskisen's strategy for sustainable growth. The investments will include automation and improved internal logistics, targeting customer segments like automotive, transportation, construction, and furniture industries. Koskisen, known for its sustainable wood processing, reported a revenue of EUR 271 million in 2023.

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.