Sales and EBIT Growth
Sales grew by 9% to €2.4 billion, and adjusted EBIT increased by 18% to €175 million with an EBIT margin of 7.4%.
Positive EBIT Across All Divisions
For the first time since Q3 2022, positive adjusted EBIT was achieved across all divisions, reflecting successful cost-saving actions and efficiency improvements.
Successful Production Start at Oulu Mill
The new consumer board line at the Oulu mill started production successfully, marking a significant milestone for the company.
Acquisition of Finnish Sawmills
Regulatory approval was obtained for acquiring Finnish sawmills, Junnikkala, which will bring significant operational synergies and reduced wood costs.
Launch of New Organizational Structure
Plans to implement a new leaner and flatter organization with 7 P&L responsible business areas to enhance efficiency and performance culture.
Strong Forest Division Performance
Forest division achieved a record high quarterly adjusted EBIT, with assets fair value increasing to €9.3 billion.