Friday, November 14, 2025
Koskisen Corporation has released their stock exchange release on November 14, 2025. Their revenue has been increased – the positive development of productivity improved the profitability of the Sawn Timber Industry segment.
This release is a summary of Koskisen Corporation’s January–September 2025 Interim Report. The complete report will be available on the company’s official website.
July-September 2025 in brief
January–September 2025 in brief
According to CEO Jukka Pahta, “Koskisen Group’s third-quarter profitability fell short of the previous year’s level, with adjusted EBITDA amounting to EUR 2.9 (3.7) million. The adjusted EBITDA margin was 3.5 per cent (5.5). The third quarter is typically seasonally weaker in terms of profitability due to the summer holidays in the key markets and the company’s own maintenance shutdowns. In addition, EBITDA was burdened by a non-recurring write-down made to the inventories of the Panel Industry segment.
Uncertainty continues in the operating environment. The recovery of construction activity is delayed, and demand in the housing market has not picked up. The fluctuating trade policy maintains uncertainty. Unemployment, especially in Finland, and general uncertainty are reflected in low consumption and avoidance of risks. In Europe, the German automotive industry in particular continues to face major difficulties.
However, small glimpses of light can also be seen: Germany’s stimulating investments in infrastructure and investments in the defence industry may have a positive reflective effect, if they continue. The impact of EU stimulus funding is evident in southern Europe – for example, in the construction activity in Spain and Italy – which is at a higher level than the rest of Europe.
The profitability of the Sawn Timber Industry segment improved year-on-year, with EBITDA amounting to EUR 2.6 (1.7) million. Sawn timber sales went according to plan, although the outlook remains broadly uncertain in several markets. Prices decreased slightly compared to the previous quarter. It is very positive that the pursued benefits of the Järvelä sawmill are reflected in improved profitability even in such a difficult market situation. The start-up of production after the summer shutdown also went significantly better than in the comparison period, when the target production level was only reached late in the quarter.
In October, we started to produce briquettes for use as biofuel at the Järvelä sawmill, where shavings produced as a by-product of sawn timber processing is pressed into briquettes. Expanding the use of side streams from our own production is key to sustainable growth. Compressing shavings into briquettes significantly reduces transport costs and emissions. In addition, the price of the processed end-use product is better.”
The increase in Järvelä sawmill’s production from the current 400,000 m3 toward the target of 450,000 m3 is progressing as they decided to invest in new channel dryers to open up production bottlenecks. The foundation work for the new channel dryers is currently underway and the installation of the equipment will begin after the turn of the year. The new drying capacity will come into use in the latter half of next year.
The integration of Iisveden Metsä’s business proceeded as planned. The key production control and financial systems were integrated during the third quarter. The work to harmonise operating methods and processes continues.
Wood procurement was carried out as planned and wood reserves remained at a good level. The price of wood raw material in the existing reserves is still high, but the purchase price continued to decrease. Demand in the energy timber market has been more moderate due to the higher than usual stock levels of heating plants using forest energy. The conditions of the upcoming heating season will affect the development of demand over the next six months.
Koskisen is an international wood processing specialist and known for its agility and ability to listen to the customer. They utilise their valuable wood raw material as thoroughly as possible, up to the last particle of sawdust. Koskisen manufactures high-quality and sustainable circular bioeconomy products that store carbon for decades. The Group’s revenue in 2024 was EUR 282 million.
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Tags: Annual Report, construction, European woodworking industry, Finland, Koskisen, koskisen sawmill, koskisen sawn timber, sawmill, sawn timber, wood, wood market, Wood Processing
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