Koskinen went into the red, log prices “historically unfavorable”

The result weakened in both the wood processing group's sawmill and panel segments. Finnish wood processing group Koskinen's profitability has weakened this year. The result for the third quarter of the year was in the red - the operating profit was a loss of EUR 1 million, while a year earlier the profit was still more than EUR 8 million. Turnover fell to 56 million euros. According to the group's CEO Jukka Pahta, the planned maintenance and production shutdowns, which were scheduled for July, are reflected in the third quarter result. "Cumulatively, we are still ...

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