Slower revenue growth for Russian forest products companies

Total revenue of the 10 biggest Russian forest products companies in 2017 amounted to RUB339.4bn (US$5.1bn), according to the annual Top 50 Russian forest-based sector companies rating published by Lesnaya Industriya magazine.

The top three leaders of the rating remains unchanged: Ilim Group, Mondi Syktyvkar and Segezha Group.

The Ilim Group reported that 2017 revenues fell by 1.1 per cent to RUB110.4bn, with net profit down 27.7 per cent to RUB18.956bn. Mondi Syktyvkar came in second with rather flat revenues in 2017 compared to the previous year at RUB54.944bn (+0.03 per cent).

The third company in the ratings was Segezha Group (part of AFK Sistema). The company’s revenue increased by 1.63 per cent to RUB43.7bn in 2017.