Finland's largest sawmill company, Versowood, reported grim but positive financial results for the fiscal year ending in June. The outlook appears bleak due to significant drops. Revenue fell nearly 5%, slipping below the €500 million mark to €483 million, compared to €508 million the previous year. Operating profit saw an even steeper decline, dropping from €40.9 million to €8.9 million, while net profit plunged from €34.3 million to €5.9 million. This marks the third consecutive year of decline. However, in the broader perspective, the figures represent a return to pre-pandemic realities. ...
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