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July 20, 2016

Largest European wood pellet producer boosts revenues by 76%

Estonian Graanul Invest SA has recently announced sales revenue of EUR 243 million in 2015, a 76% year-on-year growth. 90% of this revenue came from exports to other countries than the Baltic ones, such as the UK, Denmark, Sweden or the Netherlands. These countries generated revenue of EUR 150.4 million, EUR 54.4 million, EUR 7.4 million and EUR 5.1 million, respectively.
The consolidated earnings before interest, taxes, depreciation, and amortization (EBIDTA) grew from EUR 30 million in 2014 to EUR 58.3 million last year. The net profit also grew from EUR 13.7 million to EUR 28 million,

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