Equity Analysis /
Russia

Segezha Group: Reports an exceptional 41% OIBDA margin in 3Q21 – Positive

  • Segezha Group’s 3Q21 OIBDA outpaced our forecast by 13% and the OIBDA margin reached 41% compared to 36.5% estimate

  • Forestry Management and Woodworking reports 59% margin

  • Prices for glulam 2.2x above historic average

Anna Kurbatova
Anna Kurbatova

Senior Analyst, TMT & Agro

Alfa
3 November 2021
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