Latvijas Finieris reports considerable surge in profits

The turnover of the Latvijas Finieris concern in 2023 reached 404.8 million euros 15% more than the year before, while EBITDA increased by 40%, reaching 78 million euros. Evaluating by volume, the majority (80.5%) of manufactured birch plywood products went to industrial customers in the countries of the European Economic Area, with the main emphasis being placed on industries where birch plywood as a material is very important due to its excellent physical and mechanical properties. "The war waged by Russia in Ukraine continues, negatively affecting economic growth in the world, especially in Europe. Fighting for fair ...