Market announcement
Nordic Fibreboard AS
LEI code
54930002HOIXBD15OM06
Size of the entity
Small group
Economic activities
Financial and Insurance Activities
Country of registered office
Estonia
General information
Categories
Annual financial report
Unique data record identifier
17272
Attachments
Submission date and time
28.04.2025 13:11:00
Content of announcement in Estonian
Title
Nordic Fibreboard AS auditeeritud majandusaasta aruanne 2024
Message
Nordic Fibreboard AS nõukogu kiitis heaks 2024. aasta auditeeritud majandusaasta aruande 28.04.2025. Nõukogu otsustas juhatuse poolt ette valmistatud aruande ja ettepaneku kasumi jaotamise kohta saata kinnitamiseks aktsionäride korralisele üldkoosolekule juhatuse poolt esitatud kujul. Majandustegevuse ülevaade Müügitulu ja majandustulemus Konsolideeritud müügitulu oli 2024. aastal 7,59 miljonit eurot, mis on 1,5% väiksem võrreldes 2023. aasta 7,71 miljoni suuruse müügituluga. Puitkiudplaadi tootmisest tulenev müügitulu oli 2024. aastal 7,57 miljonit eurot (2023. aastal 7,66 miljonit eurot). 2024. aasta müügitulu jäi 2023. aastaga võrreldes kokkuvõtvalt samale tasemele. Muutused toimusid turuosades, kui 2023. aasta müügitulu sisaldas 17% müüki Taani suurkliendile, kellega koostöö lõppes 2023. aasta juunis, siis 2024. aastal on selle mahu kadumine edukalt kompenseeritud tööstusklientide tellimuste kasvu ning uute klientide lisandumisega. Põhiturud - Soome, Rootsi ja Baltikum - on säilitanud stabiilse müügitaseme kogu 2024 aasta lõikes. Kasvu on näidanud 2024. aastal müük Aasia ja Aafrika turgudele. Kinnisvara haldusest tulenev müügitulu oli 2024. aastal 25 tuhat eurot (2023. aastal 47 tuhat eurot). Nordic Fibreboard AS konsolideeritud EBITDA oli 2024. aastal negatiivne 0,03 miljonit eurot (2023: positiivne 0,58 miljonit eurot). EBITDA rentaablus oli 2024. aastal 0%, mis oli 8% langust võrreldes 2023. aastaga (2023: 8%). EBITDA oluline vähenemine tulenes peamiselt 2023. aasta lõpus Pärnu Riverside Development OÜ ja Nordic Fibreboard Ltd OÜ kinnisvarainvesteeringute ümberhindlustest, mis andsid Kontsernile ühekordset tulu 404 tuhat eurot. 2024. aastal kinnisvarainvesteeringute õiglane väärtus ei muutunud. Lisaks mõjutas EBITDA tulemust negatiivselt tehase sunnitud seiskumine detsembris force majeure olukorra tõttu, mille ajal tuli jätkuvalt katta personalikulud, tehase ülalpidamiskulud ja remondikulud. Novembri lõpus tuli Nordic Fibreboard tehases ebasoodsate ilmastikuolude tõttu tootmine ajutiselt peatada, kuna tehase katusele kogunenud liigne koormus tekitas konstruktsioonikahjustusi. Töötajate ohutuse tagamiseks peatati tootmine ja alustati remonditöödega, tehas taasavati tootmiseks 02.01.2025. Samuti avaldasid mõningast mõju sisendkulude suurenemine ning turustus- ja tootearenduskulude kasv. Turustus- ja tootearenduskulude tõus on olnud strateegiline investeering, mille eesmärk on tugevdada müügitegevust ja toetada tulevaste perioodide müügitulu kasvu. Nordic Fibreboard AS konsolideeritud puhaskahjum oli 2024. aastal 0,79 miljonit eurot (2023: puhaskahjum 0,68 miljonit eurot). KONSOLIDEERITUD FINANTSSEISUNDI ARUANNE +--------------------------------------------------------+----------+----------+ |tuh EUR |31.12.2024|31.12.2023| +--------------------------------------------------------+----------+----------+ |Raha ja raha ekvivalendid | 53| 7| +--------------------------------------------------------+----------+----------+ |Nõuded ja ettemaksed (Lisa 5) | 571| 534| +--------------------------------------------------------+----------+----------+ |Varud (Lisa 6) | 624| 728| +--------------------------------------------------------+----------+----------+ |Kokku käibevarad | 1 248| 1 269| +--------------------------------------------------------+----------+----------+ | | | | +--------------------------------------------------------+----------+----------+ |Kinnisvarainvesteeringud (Lisa 7) | 2 380| 2 269| +--------------------------------------------------------+----------+----------+ |Finantsvarad õiglases väärtuses muutustega läbi | | | |kasumiaruande (Lisa 9) | 499| 491| +--------------------------------------------------------+----------+----------+ |Materiaalne põhivara ja vara kasutusõigus (Lisa 8) | 4 122| 4 475| +--------------------------------------------------------+----------+----------+ |Immateriaalne põhivara (Lisa 8) | 3| 1| +--------------------------------------------------------+----------+----------+ |Kokku põhivarad | 7 004| 7 236| +--------------------------------------------------------+----------+----------+ | | | | +--------------------------------------------------------+----------+----------+ |KOKKU VARAD | 8 252| 8 505| +--------------------------------------------------------+----------+----------+ | | | | +--------------------------------------------------------+----------+----------+ |Võlakohustised (Lisa 10) | 1 111| 556| +--------------------------------------------------------+----------+----------+ |Võlad ja ettemaksed (Lisa 11) | 788| 756| +--------------------------------------------------------+----------+----------+ |Lühiajalised eraldised (Lisa 12) | 21| 21| +--------------------------------------------------------+----------+----------+ |Kokku lühiajalised kohustised | 1 920| 1 333| +--------------------------------------------------------+----------+----------+ | | | | +--------------------------------------------------------+----------+----------+ |Pikaajalised võlakohustised (Lisa 10) | 2 613| 2 659| +--------------------------------------------------------+----------+----------+ |Pikaajalised eraldised (Lisa 12) | 94| 111| +--------------------------------------------------------+----------+----------+ |Muud pikaajalised kohustised | 9| 0| +--------------------------------------------------------+----------+----------+ |Kokku pikaajalised kohustised | 2 716| 2 770| +--------------------------------------------------------+----------+----------+ |Kokku kohustised | 4 636| 4 103| +--------------------------------------------------------+----------+----------+ | | | | +--------------------------------------------------------+----------+----------+ |Aktsiakapital (nominaalväärtuses) (Lisa 13) | 450| 450| +--------------------------------------------------------+----------+----------+ |Kohustuslik reservkapital | 45| 45| +--------------------------------------------------------+----------+----------+ |Jaotamata kasum | 3 121| 3 907| +--------------------------------------------------------+----------+----------+ |Kokku omakapital | 3 616| 4 402| +--------------------------------------------------------+----------+----------+ | | | | +--------------------------------------------------------+----------+----------+ |KOKKU KOHUSTISED JA OMAKAPITAL | 8 252| 8 505| +--------------------------------------------------------+----------+----------+ KONSOLIDEERITUD KASUMI- JA MUU KOONDKASUMI ARUANNE +--------------------------------------------------------+---------+---------+ | tuh EUR | 2024 | 2023 | +--------------------------------------------------------+---------+---------+ | Müügitulu (Lisa 21) | 7 592 | 7 704 | +--------------------------------------------------------+---------+---------+ | Müüdud toodangu kulu (Lisa 15) | (6 820) | (6 810) | +--------------------------------------------------------+---------+---------+ | Brutokasum | 771 | 894 | +--------------------------------------------------------+---------+---------+ | | | | +--------------------------------------------------------+---------+---------+ | Turustuskulud (Lisa 16) | (935) | (673) | +--------------------------------------------------------+---------+---------+ | Üldhalduskulud (Lisa 17) | (381) | (514) | +--------------------------------------------------------+---------+---------+ | Muud äritulud (Lisa 19) | 8 | 404 | +--------------------------------------------------------+---------+---------+ | Muud ärikulud (Lisa 19) | (11) | (427) | +--------------------------------------------------------+---------+---------+ | Ärikahjum | (547) | (316) | +--------------------------------------------------------+---------+---------+ | | | | +--------------------------------------------------------+---------+---------+ | Finantstulud (Lisa 20) | 8 | 0 | +--------------------------------------------------------+---------+---------+ | Finantskulud (Lisa 20) | (247) | (366) | +--------------------------------------------------------+---------+---------+ | KAHJUM ENNE TULUMAKSUSTAMIST | (786) | (682) | +--------------------------------------------------------+---------+---------+ | | | | +--------------------------------------------------------+---------+---------+ | ARUANDEAASTA PUHASKAHJUM KOKKU | (786) | (682) | +--------------------------------------------------------+---------+---------+ | | | | +--------------------------------------------------------+---------+---------+ | Tava perioodi puhaskahjum aktsia kohta (Lisa 14) | (0,17) | (0,15) | +--------------------------------------------------------+---------+---------+ | Lahustatud perioodi puhaskahjum aktsia kohta (Lisa 14) | (0,17) | (0,15) | +--------------------------------------------------------+---------+---------+ Nordic Fibreboard AS-i 2024. majandusaasta auditeeritud aruande originaaldokument on esitatud masinloetavas .xhtml formaadis Nasdaq Tallinna börsile ja allkirjastatud digitaalselt (Link: https://nasdaqbaltic.com/statistics/et/instrument/EE3100092503/reports (https://www.globenewswire.com/Tracker?data=2f5lpjgmVLQ0WQ8WTzAfHbw6r5y7krZlm68Z S2KqbHFClfgYjBUniQakb5QMMcptofu632mg2w0c8QdqW2iqBmWEvxUR1w10dC2CZ1XpUZKRsJB6GDTv vo9eSGbIZ2XVX1q3m- CSI67kinJqMAEo8jFKeU_O_GoRFbOGkujFyL41s8yG5BwohjV6FCHgBw91m8Ib8fYkqwGNDEQkyqz9KV q6MhPnGteSw90zlHcKzbjpPjltRGbTMFcYBfkbgIeCUx2tEyn6NplX- xAiBjcNcMBkvmyXGqa4KKon5F3_zedSROYBIUYZ5lwUbOpTsDEL6PVQ5xmejk1dpHtMMBFw2Jyu52Srg jx9-w1BR83L91OIsMNmt-x5j6DtfgBYZnqPFp4HY-L1BnwNc-gdzdrPQiLHtTI66nZ9H- OOuI5jBSZNX0A-WR- z44OjeVU7zUbgeZQXQk7u48MJJhMVQcn2q_xkAwUjUBH7BD5RszypKB1Zh2VLimUevtreFR0hpuKjnpT 4TyNDzcEZMgOA31RhErealhZQnc- TENOEWnOvumsXzrjU4Z7pAYPQv0cBjxmOC8ibOsJnnBbLtU_UFgOAcYTydOzVY- 6wBlD2tNjMI8tU6jn9v-MQN4KW- dGN87xzI0NB3GJeXdPiIte4Hi2picB3M0HIn2Qcgcfg0zg5LGsGIAwVno6Ur0kaNLfUCWOVu2rLtyN8g OunDgcp8vefSI55BUgTV9NWPnOZ85KeScS--CH7zACxzAj4qvON9rXBrVe-qww-hLbcLiA_zVznuZzSb B1CtemA1bFqlxjMjLa2eez6FIZu0pfHmxl_ALJ00fMC3rnRVwii03ThlBU-U8x_p_M7IKVaO21wLCBt5 a0=)) Nordic Fibreboard AS-i auditeeritud 2024. aasta majandusaasta aruanne on lisatud manusena börsiteatele ning on avalikustatud NASDAQ Tallinn ja Nordic Fibreboard koduleheküljel. Enel Äkke Juhatuse liige Telefon: + 372 55 5255 50 E-mail: [email protected] (mailto:[email protected]) www.nordicfibreboard.com/investors (https://www.nordicfibreboard.com/investors)
Content of announcement in English
Title
Nordic Fibreboard AS Audited Annual Report 2024
Message
The Supervisory Board of Nordic Fibreboard AS approved on28th of April 2025 the audited annual report for the year 2024. The supervisory board decided to present the annual report and profit allocation proposal as prepared by the management for the approval of the general meeting of shareholders. Overview of operating results Revenue and operating results Consolidated net sales for 2024 were EUR 7.59 million, which is a decrease of 1.5% compared to 2023 sales of EUR 7.71 million. The sales revenue from the production of fibreboard was EUR 7.57 million in 2024 (2023: EUR 7.66 million). Sales revenue in 2024 remained at the same level compared to 2023. Changes occurred in market shares, as the 2023 sales revenue included 17% sales to a major Danish customer, with whom cooperation ended in June 2023. The loss of this volume has been successfully compensated by the growth of orders from industrial customers and the addition of new other customers in 2024. The main markets - Finland, Sweden and the Baltics - have maintained a stable sales level throughout 2024. Sales to Asian and African markets have shown growth in 2024. The sales revenue in 2024 from real estate management was EUR 25 thousand (2023: EUR 47 thousand). The consolidated EBITDA of Nordic Fibreboard AS for 2024 was negative EUR 0.03 million (2023: EUR positive 0.58 million). EBITDA margin in 2024 was 0% representing a decrease of 8% compared to 2023 (2023: 8%). The significant decrease in EBITDA in the Q4 2024 compared to the same period last year was mainly due to the revaluations of investment properties in Pärnu Riverside Development OÜ and Nordic Fibreboard Ltd OÜ at the end of 2023, where the Group received a one-time income of EUR 404 thousand from the revaluation of investment properties. In the 2024, the fair value of real investment properties did not change. In addition, EBITDA was negatively impacted by the forced shutdown of the factory due to force majeure situation in December. During the shutdown, personnel costs, factory maintenance costs and repair costs continued to be covered, which had a negative effect on EBITDA. At the end of November, production at the Nordic Fibreboard factory had to be temporarily suspended due to adverse weather conditions, as excessive loads on the factory roof caused structural damage. To ensure the safety of employees, production was suspended and repair work began, the factory was reopened for production on 02.01.2025.The increase in input costs and the increase in marketing and product development costs also had some impact. The increase in marketing and product development costs has been a strategic investment aimed at strengthening sales activities and supporting sales revenue growth in future periods. The consolidated net loss of Nordic Fibreboard AS for 2024 was EUR 0.79 million (2023: net loss EUR 0.68 million). CONSOLIDATED STATEMENT OF FINANCIAL POSITION +--------------------------------------------------------+----------+----------+ |EUR thousand |31.12.2024|31.12.2023| +--------------------------------------------------------+----------+----------+ |Cash and cash equivalents | 53| 7| +--------------------------------------------------------+----------+----------+ |Receivables and prepayments (Note 5) | 571| 534| +--------------------------------------------------------+----------+----------+ |Inventories (Note 6) | 624| 728| +--------------------------------------------------------+----------+----------+ |Total current assets | 1,248| 1,269| +--------------------------------------------------------+----------+----------+ | | | | +--------------------------------------------------------+----------+----------+ |Investment property (Note 7) | 2,380| 2,269| +--------------------------------------------------------+----------+----------+ |Financial assets at fair value through profit or loss | | | |(Note 9) | 499| 491| +--------------------------------------------------------+----------+----------+ |Property, plant, equipment and right-of use assets (Note| | | |8) | 4,122| 4,475| +--------------------------------------------------------+----------+----------+ |Intangible assets (Note 8) | 3| 1| +--------------------------------------------------------+----------+----------+ |Total non-current assets | 7,004| 7,236| +--------------------------------------------------------+----------+----------+ | | | | +--------------------------------------------------------+----------+----------+ |TOTAL ASSETS | 8,252| 8,505| +--------------------------------------------------------+----------+----------+ | | | | +--------------------------------------------------------+----------+----------+ |Borrowings (Note 10) | 1,111| 556| +--------------------------------------------------------+----------+----------+ |Payables and prepayments (Note 11) | 788| 756| +--------------------------------------------------------+----------+----------+ |Short-term provisions (Note 12) | 21| 21| +--------------------------------------------------------+----------+----------+ |Total current liabilities | 1,920| 1,333| +--------------------------------------------------------+----------+----------+ | | | | +--------------------------------------------------------+----------+----------+ |Long-term borrowings (Note 10) | 2,613| 2,659| +--------------------------------------------------------+----------+----------+ |Long-term provisions (Note 12) | 94| 111| +--------------------------------------------------------+----------+----------+ |Other long-term liabilities | 9| 0| +--------------------------------------------------------+----------+----------+ |Total non-current liabilities | 2,716| 2,770| +--------------------------------------------------------+----------+----------+ |Total liabilities | 4,636| 4,103| +--------------------------------------------------------+----------+----------+ | | | | +--------------------------------------------------------+----------+----------+ |Share capital (at nominal value) (Note 13) | 450| 450| +--------------------------------------------------------+----------+----------+ |Statutory reserve capital | 45| 45| +--------------------------------------------------------+----------+----------+ |Retained earnings | 3,121| 3,907| +--------------------------------------------------------+----------+----------+ |Total equity | 3,616| 4,402| +--------------------------------------------------------+----------+----------+ | | | | +--------------------------------------------------------+----------+----------+ |TOTAL LIABILITIES AND EQUITY | 8,252| 8,505| +--------------------------------------------------------+----------+----------+ CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME +--------------------------------------+---------+---------+ | EUR thousand | 2024 | 2023 | +--------------------------------------+---------+---------+ | Revenue (Note 21) | 7,592 | 7,704 | +--------------------------------------+---------+---------+ | Cost of goods sold (Note 15) | (6,820) | (6,810) | +--------------------------------------+---------+---------+ | Gross profit | 771 | 894 | +--------------------------------------+---------+---------+ | | | | +--------------------------------------+---------+---------+ | Distribution costs (Note 16) | (935) | (673) | +--------------------------------------+---------+---------+ | Administrative expenses (Note 17) | (381) | (514) | +--------------------------------------+---------+---------+ | Other operating income (Note 19) | 8 | 404 | +--------------------------------------+---------+---------+ | Other operating expenses (Note 19) | (11) | (427) | +--------------------------------------+---------+---------+ | Operating loss | (547) | (316) | +--------------------------------------+---------+---------+ | | | | +--------------------------------------+---------+---------+ | Finance income (Note 20) | 8 | 0 | +--------------------------------------+---------+---------+ | Finance costs (Note 20) | (247) | (366) | +--------------------------------------+---------+---------+ | LOSS BEFORE INCOME TAX | (786) | (682) | +--------------------------------------+---------+---------+ | | | | +--------------------------------------+---------+---------+ | NET LOSS FOR THE PERIOD | (786) | (682) | +--------------------------------------+---------+---------+ | | | | +--------------------------------------+---------+---------+ | Basic earnings per share (Note 14) | (0.17) | (0.15) | +--------------------------------------+---------+---------+ | Diluted earnings per share (Note 14) | (0.17) | (0.15) | +--------------------------------------+---------+---------+ A copy of Nordic Fibreboard AS audited annual report for 2024 is attached to the announcement and is also published on NASDAQ Tallinn and Nordic Fibreboard web page. The ESEF-compliant machine-readable annual report is generated only in Estonian language. Enel Äkke Member of the Management Board Phone: + 372 55 525550 E-mail: [email protected] (mailto:[email protected]) www.nordicfibreboard.com/investors (https://www.nordicfibreboard.com/investors)