Revenue growth of Russia’s largest sawmills slows sharply in 2017
Aug. 15, 2018 - In 2017, the total revenue of the 10 biggest forest products companies in Russia amounted 339.4 billion rubles ($5.1 billion), according to the annual Top 50 Russian forest-based sector companies rating published by Lesnaya Industriya Magazine. The top three leaders of the rating have not changed: Ilim Group, Mondi Syktyvkar, Segezha Group.
August 15, 2018 By Lesprom Network
The Ilim Group reported FY 2017 revenues decreased by 1.1 per cent to 110.4 billion rubles, net profit down 27.7 per cent to 18.956 billion rubles. Mondi Syktyvkar got the second place in ranking. In 2017, Mondi Syktyvkar’s revenues were flat compared to the previous year — 54.944 billion rubles (+ 0.03 per cent).
The third company of the rating was Segezha Group (part of AFK Sistema). The company’s revenue increased by 1.63 per cent to 43.7 billion rubles in 2017. Segezha Group increased paper production by 11.5 per cent, to 319 thousand tons, consumer packaging – by 15.6 per cent to 37 million units, and the production of paper bags decreased by 6.2 per cent to 1,172 million units.
The fastest-growing company of the year was the Troitsk Paper Mill (25th in the rating), which revenue increased by 62.72 per cent. The company earned 3.71 billion rubles in last year. The complete report can be found on the website.
The annual Top-50 Russian forest-based companies is compiled and published by Lesnaya Industriya Magazine. The Top-50 rating includes the largest companies of the forest-based industries of Russia, whose revenues share of woodworking and pulp and paper production were more than 50 per cent. The position of the companies in the rating depends on the amount of revenue received by them in 2016. The basis for estimate of revenue and net profits is the information officially provided by the companies to Lesnaya Industriya Magazine, as well as the information derived from the annual reports of the companies.
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