Segezha Group increased quarterly revenue by 96%

According to the results of the first quarter of 2022, Segezha Group's revenue increased by 96% and reached ₽35.6 billion against ₽18.2 billion a year earlier. This is stated in the company's report.

Revenue grew due to an increase in the average selling prices of the company's products, a positive effect from the depreciation of the ruble, as well as the effect of the consolidation of the assets of NLHK and Inter Forest Rus (IFR), which became part of the Segezha Group in the third and fourth quarters of 2021, respectively .

The company's loss for the reporting period amounted to ₽7.9 billion against a profit of ₽2.4 billion a year earlier. Net debt as of March 31, 2022 increased to ₽93 billion.

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