Russia’s leading timber and paper group
The indicative price range was set at between
Bookbuilding starts today and the final price is expected to be announced on or around 28 April, the company said in a press release.
Owned by the multi-industry and
The other major forestry businesses dealing in soft wood are
Operating income jumps 80%
In the same press release the company also reported very strong financial results for the first quarter.
Revenue for the first quarter of this year is expected to be in the range of
Operating income before depreciation and amortisation (OIBDA) for the period is expected to be in the range of
The OIBDA margin for Q1 2021 is expected to be in the range of 25.4% to 29.4%, compared with 18.4% in Q1 2020.
Revenue and OIBDA rose across all segments of the business in the first quarter of 2021 on the back of price increases for Segezha Group’s key products.
“I am pleased with the positive response we have seen from the global investment community to Segezha Group’s proposed IPO. This again underscores the attraction of Segezha Group’s robust and highly efficient business model built around full vertical integration, which underpins our key competitive advantages, including supply security and control of our entire production chain and production costs,”
“Segezha Group has demonstrated robust growth across key operational and financial indicators throughout its history, and our FY 2020 IFRS financial results were the strongest in our history,” Shamolin added. “The recovery in markets for our products that we saw beginning in late 2020 has continued through the first months of 2021, and we expect this favourable operating environment to continue throughout the year. The market recovery post-COVID, combined with strong long-term fundamental demand drivers for our products, creates a solid basis for further expansion of the business, driving top line growth while maintaining strong margins. We expect our current investment projects to increase production volumes of packaging, CLT and bleached paper to contribute to further growth of our operational and financial results as early as this year.”
“Our IPO comes at a time when investors and the broader global public increasingly view sustainability as a key business issue and are looking to sectors such as the forestry industry.
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