Vika Wood, the Latvian sawmill, generated EUR 59.651 million turnover in 2016. The performance is by 0.8% better than in the previous year. At the same time, the company’s profit reached EUR 2.969 million in contrast to a loss a year ago.
The most revenues were generated in the export markets:
- Japan – 28.3%
- Estonia – 12.2%
- Germany – 6.9%
- the UK – 4.5%
- Lithuania -4.3%
- Egypt – 3.9%
- the Netherlands – 3.7%
Around 23% of the revenues of the mill are coming from the Latvian domestic market.
About Vika Wood:
The company is one of Latvia’s leading, and largest, sawmills with a total annual production of about 280,000 m3 of sawntimber.