Kronospan Holdings’ key figures have declined as price pressure weighs on European panel markets
Kronospan Holdings Ltd. posted a decline in revenue for the financial year ended September 30, 2024, as pricing pressure in European panel markets weighed on results, despite largely stable sales volumes. Turnover fell 12.2% to £328.5 million, down from £374.2 million a year earlier. The company said sales volumes remained broadly unchanged, but lower average prices and increased input costs reduced overall revenue. Operating profit dropped sharply to £6.4 million from £51.7 million, while EBITDA fell to £29.2 million from £79.8 million. Pre-tax profit from continuing operations declined to £2 ...
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