From GlobeNewswire: 2024-11-29 06:01:00

Nordic Fibreboard AS reported a consolidated revenue of 1.94 million euros in Q3 of 2024, an 8% increase from the same period in 2023. The main business segment is the production and wholesale of fibreboard, with a revenue of 1.94 million euros in Q3 2024. Property management revenue in Pärnu decreased due to lease terminations.

The increase in revenue in 2024 was driven by higher orders from industrial clients and market volume growth. The Finnish market showed the most growth, while sales in the Baltic and other Scandinavian countries remained stable compared to 2023. Nordic Fibreboard reported a negative EBITDA of 19,000 euros in Q3 2024.

Pärnu Riverside Development OÜ saw a decrease in property management revenue in Q3 2024 due to lease terminations. The decision was made to end leases in August 2024 due to high maintenance costs that were not covered by rental income. The EBITDA for property management was negative 6,000 euros in Q3 2024.

Nordic Fibreboard plans to focus on product development and production process improvements to meet the growing demand for natural and biodegradable materials. The company aims to launch new products and services in 2025 to expand market opportunities. Marketing initiatives and compliance with environmental regulations are also key priorities for the future.



Read more at GlobeNewswire:: Nordic Fibreboard AS 2024. aasta III kvartali auditeerimata