In the first half of 2020, KsyloTech-Syberia LLC, the pellet asset of Segezha Group (operating as part of Sistema) located in Lesosibirsk, Krasnoyarsk krai, shipped 33,279 tonnes of fuel pellets to consumers in the EU (+9.2% year-on-year). In January-June 2020, the company produced 35,952 tonnes of fuel pellets (+6.6% year-on-year).
The export shipments by sea are carried out in TEU containers. In January-June 2020, the company shipped 1,698 such containers from the port of St. Petersburg to Sweden, Denmark, the Netherlands, the UK and France (+9.3% year-on-year). France is a new pellet export destination for Segezha Group, with 4,869 tonnes shipped there for the first time this year.
KsyloTech-Syberia LLC currently operates a sawing complex, a drying complex and a pelletizing plant with a capacity of 110.5 thousand tonnes of finished products per year. The plant produces 6 mm and 8 mm pellets without chemical binders from sawing waste (sawdust containing natural moisture and wood chips).
Segezha Group is a major Russian vertically-integrated timber processing holding with a complete cycle of timber procurement and advanced wood processing operations. The holding includes timber, wood processing, pulp and paper facilities. The company's representative offices are located in 11 countries of the world, its products are sold in more than 100 countries worldwide. Employing ca. 13,000 people, the company is the biggest forest user in the European part of Russia, the total area of leased certificated forest reserves reaches 7.42 million ha, 85.7% of them (6.36 million ha) certified according to voluntary forest certification schemes.
IFRS net loss of Segezha Group for the first half of 2020 was RUB 2.1 billion against a profit of RUB 4 billion a year earlier. Revenue went up 4.1% to RUB 31.2 billion from RUB 30 billion. OIBDA decreased by 19.9% to RUB 6.2 billion from RUB 7.7 billion, while operating profit decreased by 39.7% to RUB 3.1 billion from RUB 5.1 billion.
IFRS net profit of Segezha Group for the second quarter of 2020 increased by RUB 1.9 billion (152.1%) to RUB 3.2 billion against RUB 1.3 billion a year earlier. Revenue increased by 8.9% to RUB 16.9 billion from RUB 15.5 billion, while OIBDA decreased by 4.4% to RUB 3.6 billion from RUB 3.7 billion. OIBDA margin reached 21.2%.
