Latvia: Stiga RM profits boosted by rising plywood prices

In the past year, one of Latvia's leading wood industry companies Stiga RM* and five related group companies continued targeted growth, ending the year with almost EUR 95 million consolidated group turnover, which is by 12% or 10 million. euro more than in 2022. The consolidated EBIDTA indicator of the group companies reached EUR 30.2 million last year., while the total profit of group companies – EUR 22.2 million, showing a net profitability of 23%. By diverting a significant portion of profits to investments in further operational development, the total amount of investments in development projects last year ...