The performance of Finnforest UK was a rare success for its Finnish parent which recorded an operating loss of e5.9m for the nine months to September.
Against a background of a stagnating German construction market and decreasing demand in other European countries, Finnforest UK strengthened its position in a growing DIY market.
Finnforest Corp blamed the loss on low sawn timber prices coupled with high roundwood prices and the costs of shutting down two Moelven mills.
