Short-term outlook

The development of the global economy is subject to considerable uncertainty in the short term. Higher financing costs, cost inflation and general uncertainty are affecting the demand for Koskisen’s products. Forecasting the development of demand is also hampered by the end of deliveries of sawmill and plywood products from Russia and lower production volumes in Central Europe and Canada.

However, in the long term, the demand for wood-based products is expected to grow, as the use of wood- based products in construction and logistics solutions is preferred on ecological grounds.

Profit guidances

Profit guidance for 2023 (published on 16 March 2023)

Koskisen’s revenue for 2023 is not expected to exceed the level of 2022. The adjusted EBITDA margin is expected to be 12–14 per cent. The profitability of the Sawn Timber Industry segment is expected to decrease compared to the level of 2022. The profitability of the Panel Industry segment is expected to remain unchanged or improve compared to the level of 2022.