From GlobeNewswire: 2025-02-28 08:19:00

In Q4 2024, Nordic Fibreboard Ltd saw a 15% increase in net sales, reaching €1.51 million. However, a force majeure situation led to a factory shutdown, impacting production and sales volumes. The real estate management segment also experienced a decrease in revenue due to terminated rental agreements.

The EBITDA for Nordic Fibreboard in Q4 2024 was negative €276 thousand, with a negative EBITDA margin of 18%. The Group’s gross margin decreased from 9% to 4% compared to Q4 2023, indicating a decrease in profitability. The net loss for the Group in Q4 2024 was €427 thousand.

Fibreboard sales in Q4 2024 were mainly driven by industrial customers, with orders from construction-related clients also increasing. Sales volumes in Baltic markets and outside Europe showed growth. However, the forced factory shutdown led to a negative EBITDA of €245 thousand for the segment.

Pärnu Riverside Development’s real estate management revenue decreased in Q4 2024 due to terminated rental agreements. The EBITDA for this segment was negative €27 thousand. Plans include converting the property into private residential use. The company aims to manage and develop the property further.

Looking ahead, Nordic Fibreboard anticipates a challenging 2025, especially in the construction sector. The company is focusing on new markets and industry sectors for sustainable growth. Investments in digital solutions, factory modernization, and employee recruitment are key priorities for the future. optimism for economic recovery in 2025 is supported by declining interest rates and economic stabilization.



Read more at GlobeNewswire:: Nordic Fibreboard AS unaudited financial report for the Q4