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September 12, 2025

Latvian timber company Stiga RM invests €37 million, achieves €97 million turnover

 In 2024, Stiga RM, one of the leading timber companies in Latvia, and its four affiliated group companies strengthened their position in both the domestic and international markets, achieving a consolidated turnover of Euro 97 million. The Group’s profit was Euro 10 million and EBITDA exceeded Euro 20 million. “The last year has shown how important it is to maintain a strategic view of development, even when market dynamics are unpredictable. We used the opportunities of previous years as a basis for further investment and we are seeing the fruits of this approach now that we are ...

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