The logging assets of Segezha Group shipped more than 1.2 million cubic meters of forest in the navigation of 2021

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AK&M 14 January 2022 17:52

The logging assets of Segezha Group (part of Sistema AFC) shipped more than 1.2 million cubic meters of timber in the navigation of 2021. This is stated in the message of Segezha Group.

The water transportation plan for 2021 in the Northwestern Federal District (Republic of Karelia, Arkhangelsk and Vologda regions) has been exceeded by 14% to 512 thousand cubic meters of timber. In the Krasnoyarsk Territory, 745 thousand cubic meters of roundwood were delivered for processing.

Segezha Group's navigation took place along the White Sea-Baltic and Volga-Baltic channels, the North Dvina water system, the waters of the Onega and Ladoga Lakes, the Yenisei and Angara rivers.

Thanks to the consolidation of Inter Forest Rus LLC at the end of last year, the holding increased its own fleet in Siberia. In addition to the asset of LLDK No. 1 in the Krasnoyarsk Territory, consisting of 30 barges and tugs, LLC Verkhnelenskoe River Shipping Company appeared in the Irkutsk region – it includes 98 cargo ships. The geography of navigation of the holding has also expanded - due to the Lena River. In 2021, LLC Verkhnelenskoe River Shipping Company shipped 950 thousand cubic meters to timber processing enterprises.

Segezha Group (PJSC Segezha Group of Companies, TIN 9703024202) is one of the largest Russian vertically integrated timber industry holdings with a full cycle of logging and deep processing of wood. The holding includes Russian and European enterprises of the forestry, woodworking and pulp and paper industries. The geography of the group's representative offices covers 11 States. The products are sold in more than 100 countries around the world. SG enterprises employ 13 thousand people. Segezha Group is the largest forest user in the European part of Russia. The total area of the leased forest fund is 7.42 million hectares of forest plots, 85.7% (6.36 million hectares) of which are certified according to voluntary forest certification schemes.

Segezha Group's net profit under IFRS for 9 months of 2021 amounted to 11.13 billion rubles against a loss of 5.49 billion rubles a year earlier. Revenue increased by 36% to 68.28 billion rubles from 50.18 billion rubles, adjusted OIBDA increased by 2 times to 23.69 billion rubles from 11.28 billion rubles. Capital expenditures amounted to 12.88 billion rubles against 9.32 billion rubles a year earlier. Net debt decreased to 34.34 billion rubles.