Related to Vladimir Yevtushenkov, Segezha Group hopes to attract investors to solve numerous problems
Timber holding Segezha Group plans to attract new investors. The company believes that the IPO is the right decision for further development, but who will buy the shares of the holding with huge debts? Segezha Group boasts of performance and availability of production with a full cycle of its own logging. But the numbers show that this is not enough for real success.
Segezha Group operates not only on the Russian, but also on the European market. True, since the third quarter of 2022, the company has had difficulties with deliveries to Europe. The sanctions have reached the industry, as a result of which Segezha Group has lost a large share of sales. According to rumors, the holding’s management is thinking about selling European assets, as the problem with sanctions will not be resolved in the near future.
However, the company will also not be able to solve other problems in the shortest possible time. According to the results of the third quarter of 2022, Segezha Group worked at minus 1 billion rubles.
And for the whole year, the holding’s debt load has tripled and exceeded 97 billion rubles. Revenue fell slightly, but only due to the growth of the ruble.
In the Russian market, the company cannot sell products at a high cost, and deliveries to Asia are extremely unprofitable due to expensive logistics. Surprisingly, all this does not prevent Segezha Group from paying impressive dividends. Moreover, it plans to build factories for the production of paper products. Where to get money to solve these problems? The holding has reduced its investment program, and European assets are likely to be sold at a very low cost. Segezha Group is an asset of AFK Sistema Vladimir Yevtushenkov. What is his plan for the development of the holding?