Tornator's net sales up by over 11% – demand for sustainably produced wood raw material remained high

Tornator Oyj Half-year report –Stock exchange release, 24 August 2023 at 8 AMSUMMARY 1 JAN – 30 JUNE 2023 (1 JAN – 30 JUNE 2022)                     Net sales increased by 11.3% to €84.2 million (75.7). The ending of timber imports from Russia and the energy crisis had a positive impact on wood demand and prices.  Operative operating profit increased by 7.3% to €60.8 (56.7) million. The operating profit as reported in accordance with the International Financial Reporting Standards...

Imatra, 24/08/2023 (informazione.it - comunicati stampa - agricoltura)

Tornator Oyj

Half-year report –Stock exchange release, 24 August 2023 at 8 AM

SUMMARY 1 JAN – 30 JUNE 2023 (1 JAN – 30 JUNE 2022)                    

Key figures (consolidated)

Key figures (consolidated)

Comparable key figures

In addition to the official key figures presented above, the Tornator Group uses alternative performance measures that are comparable between years, thus better describing the success of operations. The comparable key figures have been calculated without fair value changes and apply to the whole Group. The key figures are calculated as follows:

For further information, please contact:

Chief Executive Officer (CEO) Henrik Nieminen, tel. +358 40 869 7613

Chief Financial Officer (CFO) Antti Siirtola, tel. +358 40 773 0975

www.tornator.fi/en

Tornator is a leader in sustainable forestry in Europe. It owns forests in Finland, Estonia and Romania. In 2022, the group's turnover was approximately €165 million, and the balance sheet value was about €3.2 billion. The group has around 190 employees. Tornator's own employees, and other companies and their employees working on its forestland, add up to around 1,500 person-years of employment. The owners of the parent company are Finnish, mainly institutional investors. Tornator's mission is to generate sustainable wellbeing from forests

Tables – Condensed half-year financial statements and notes

Statement of changes in equity

 

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