The sales turnover of RMK for the first 9 months of 2013 amounted to EUR 111 million, which is 8% more than in the same period last year. The unaudited net profit of RMK for the first 9 months amounted to EUR 20.9 million, which is 26% more than in the same period last year.
“We are ahead of schedule with our timber sales volume because the favourable weather conditions in spring made it possible to extend the period of cutting,” explained Aigar Kallas, Chairman of the Management Board of RMK, and added that by the end of the year, the cutting and sales volume are going to level out with the scheduled volumes. “However, we are still trying to reach a higher level of profitability with similar sales volumes and prices as a result of reducing costs,” assures Kallas.
RMK earned the majority of its revenue from the sale of timber and wood chips. In nine months, RMK sold 2.4 million cubic metres of timber with a total value of EUR 103 million. The average timber sales price turned out to be EUR 43.30 per cubic metre, on the same level with the first 9 months of last year. In the first 9 months, RMK sold cutting waste and wood chips in the volume of 0.2 million cubic metres for EUR 4.5 million, with an average sales price of EUR 28 per cubic metre.
Compare: In nine months in 2012, RMK sold 2.1 million cubic metres of timber for a total of EUR 90 million. The average timber sales price turned out to be EUR 42.90 per cubic metre. In the first 9 months, cutting waste and wood chips were sold in the volume of 0.27 million cubic metres for EUR 8.9 million. The average sales price amounted to EUR 32.70 per cubic metre.
RMK is a profit-making state agency established under the Forestry Act, aimed at the sustainable and efficient management of state forests. RMK grows reforestation material, organises forest works, executes practical nature protection works and is engaged in forest and timber sales. Additionally, RMK establishes opportunities for nature walking and forest holidays in recreation areas, in Estonia’s five national parks and almost 40 other protected areas, and shapes nature awareness. RMK manages 38% of Estonia’s forests.