Koskisen: Profitability affected by high price of wood

The financial performance of the Koskisen Group declined last year. The operating profit was 24 million euros, which is over 30 million euros less than the previous year. The turnover decreased by nearly 50 million euros to 270 million euros. The challenging operating environment, especially the difficult situation in the construction sector, had an impact on both demand and pricing. The profitability was also undermined by the sustained high cost of raw materials, the company stated. "Although the profit level for the whole year fell below the previous peak year, the performance in a challenging market situation can ...