Moscow, December 9, 2022 – Segezha Group (MOEX: SGZH, a PJSFC Sistema company), a leading vertically integrated holding company in the timber industry performing a full cycle of operations from logging to advanced wood processing, announces its unaudited consolidated financial and operating results for 9M 2022.

 ·         Revenue was up 28% year-on-year (yoy) to RUB 87.4 bn, driven mostly by the consolidation of the assets of the Novoeniseisk Wood-Chemical Complex (NLHK) and Inter Forest Rus (IFR), which became part of the Group in Q3 and Q4 2021, respectively;

·         OIBDA totalled RUB 20.3 bn, down 7% yoy on the back of price inflation for a number of production components and a considerable increase in logistics costs;

·         OIBDA margin came in at 23%;

·         Net profit was RUB 7.0 bn, down 37% yoy following a reduction in operating profit;

·         Net debt as of September 30, 2022 totalled RUB 97.4 bn, almost flat vs June 30, 2022;

·         CAPEX declined by 30% yoy to RUB 9.0 bn after the investment programme was adjusted to reflect high levels of macroeconomic uncertainty.

^[1] OIBDA for 9M 2021 was previously recognised in the amount of RUB 23,693 mln, reflecting adjustments for management remuneration expenses for a total of RUB 1,981 mln for a liquidity event, namely the Group’s IPO.

CONFERENCE CALL AND WEBCAST

A conference call and webcast to discuss the financial results will take place on December 9, 2022, at 12:00 pm Moscow time (9:00 am London time).

To participate in the webcast, go to https://us06web.zoom.us/webinar/register/WN_-FoNTe9JQW2h6aVLbD314w   

^[2] Net debt as of 30 September 2022 and 30 June 2022.

CONTACTS