KOSKINasdaq HelsinkiLumber & Wood ProductionIFRS · EUR

Koskisen Oyj

Koskisen is a Finnish company with over a century of expertise in wood processing, known for its quality and reliability. It operates in the mechanical wood product industry, producing sawn timber and further processed wood products. The company has an integrated business model that enhances material and overall efficiency, supporting profitable growth. Koskisen's operations are closely tied to sustainable forestry practices, ensuring compliance with PEFC and FSC certification requirements.

Revenue355m EUR
+25.7 %y/y
Operating profit (EBIT)14.3m EUR
+9.9 %y/y
EBIT margin4.0%
−0.6 ppy/y
Net income8.6m EUR
+4.0 %y/y
Free cash flow19.3m EUR
+41.5 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

0100200300400m EUR2021: 311 m EUR2021: EBIT 53 m EUR20212022: 318 m EUR2022: EBIT 58 m EUR20222023: 271 m EUR2023: EBIT 24 m EUR20232024: 282 m EUR2024: EBIT 13 m EUR20242025: 355 m EUR2025: EBIT 14 m EUR2025TTM 2026: EBIT 19 m EURTTM19
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Sawn Timber40 %

Includes standard and dimensioned timber from spruce and pine.

Processed Wood Products20 %

Comprises planed and painted wood products.

Panel Products25 %

Includes veneer, plywood, and chipboard.

Vehicle Interiors10 %

Interior solutions for light commercial vehicles under the Kore brand.

By-products and Bioenergy5 %

By-products for pulp and paper industry and bioenergy for power plants.

Customers

Koskisen serves a diverse range of customers, including those in the construction and furniture industries. Its sawn timber is primarily used in construction, while veneer and plywood find applications in commercial vehicles and various interior solutions. The company's chipboard products are popular in furniture manufacturing. Koskisen also supplies by-products to the pulp and paper industry and bioenergy to power plants, demonstrating its integrated approach to resource utilization.

Construction

Buys sawn timber for building projects due to its quality and reliability.

Furniture Manufacturing

Uses chipboard and processed wood products for furniture assembly.

Automotive

Purchases veneer and plywood for vehicle interior solutions.

Pulp and Paper

Acquires by-products for their production processes.

Energy

Utilizes bioenergy for sustainable power generation.

Strategy

Koskisen aims to achieve a revenue target of 500 million euros by 2027 through both organic and inorganic growth. The company focuses on maintaining a strong balance sheet and achieving an average adjusted EBITDA margin of 15% over the cycle. Strategic priorities include expanding its panel product offerings and enhancing operational efficiency through integrated production processes. Koskisen is also committed to sustainability, leveraging green transition opportunities to drive growth in key markets.

Revenue GrowthLong term

To achieve a 500 million euro target by 2027.

Operational EfficiencyMedium term

To enhance production processes and reduce costs.

SustainabilityLong term

To capitalize on green transition opportunities.

Geography

Q1/2025

Koskisen operates primarily in Finland, with production facilities located in Järvelä and Hirvensalmi, and additional sites in Toporów and Skwierzyna, Poland. The company's geographic presence is crucial for sourcing raw materials and serving its European customer base. Koskisen's operations are strategically positioned to leverage sustainable forestry practices and maintain close relationships with local forest owners. This geographic strategy supports its integrated business model and enhances supply chain efficiency.

Finland40 %
Other EU Countries26 %
Other countries11 %
Japan10 %
Germany6.8 %
Poland5.7 %

Share of the revenue the company reports by geography.

Risks

Koskisen faces several risks, including market cyclicality in the sawn timber and panel industries, which can impact demand and profitability. Fluctuations in wood prices and potential disruptions in wood supply pose additional challenges. The company is also exposed to geopolitical risks and regulatory changes, particularly those related to environmental policies. Climate change and extreme weather events could affect raw material availability and costs, while technological advancements may require strategic investments to remain competitive.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Market Cyclicality1Climate Change2Wood Price Fluctuations3Geopolitical Risks4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Market CyclicalityImpact: HighLikelihood: High

    Affects demand and profitability in timber and panel industries.

  2. Climate ChangeImpact: HighLikelihood: Medium

    Affects raw material availability and operational costs.

  3. Wood Price FluctuationsImpact: MediumLikelihood: Medium

    Impact operational costs and supply chain stability.

  4. Geopolitical RisksImpact: MediumLikelihood: Medium

    Influence regulatory environment and market access.

  5. Technological AdvancementsImpact: Medium

    Require investments to maintain competitiveness.

Accounting

Judgemental items
Forest Asset Valuation

Involves significant management estimates impacting the balance sheet.

Revenue Recognition Timing

Affects financial performance reporting.

Expected Credit Losses

Assessed using historical data and forecasts.

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Koskisen Oyj (KOSKI) Revenue, Earnings & Financials 2025 – Clarifo