Koskisen Group15.06.2014

Joint effort and full use of capacity result in financial turnaround

Tarja Järvinen, Koskisen’s Director of Finance and HR

Tarja Järvinen, Koskisen’s Director of Finance and HR

Koskisen Group’s net sales increase by 10% in 2013, and similar growth is expected for the current year. As the Group’s earning power has also improved, the future is starting to look bright.

Koskisen Timber and Koskisen Plywood have especially improved their net sales, as have wood procurement and bioenergy operations. Chipboard, Birch Products and Houses industries’ net sales remained at the previous years’ level. There is still room for improvement in our Russian operations, although their proportion of the Group’s net sales is very small.

“The increase in Timber’s net sales is contributable to the leasing of the Kissakoski sawmill and the higher sales volumes generated as a result, and the rise in the capacity utilisation rate at the Järvelä sawmill,” says Koskisen’s Director of Finance and HR Tarja Järvinen.

“Plywood’s net sales also increased as a result of a rise in the mill’s capacity utilisation rate.”

Key figures, Koskisen Group

Joint effort to raise earning power

The initiative launched in late 2012 to boost the company’s earning power focused on finding areas for improvements and savings in all parts of the company. Owing to the successful campaign, efficiency and productivity have been improved in many units.

“Following a few leaner years, we have managed to raise our operative result slightly back into the black,” says a clearly delighted Tarja.

The increased sawn timber and plywood production volumes resulting from a capacity increase and better efficiency due to fewer unnecessary production stoppages and grade changeovers also contributed to the improved result.

“The growth has generated new jobs, and with an eye on the future we launched Koskisen Academy through which we hired 20 young people to obtain a vocational qualification at our mills,” says Tarja.

Central European markets going strong

Growth has been especially strong in the Central European markets, and this region where most of our customers will be located also in future. The Finnish markets are also important, accounting for nearly half of our net sales. We are looking for new export markets in China and Africa, among other regions.

“The domestic market continues to be subdued, and the situation is challenging to everyone operating in Finland. Despite this we managed to achieve a slight improvement over the previous year,” Tarja says.