Only 17 of the timber industry’s top 90 largest companies are delivering a good return on investment for shareholders, according to a new market research study.
Plimsoll Publishing Ltd’s report says 73 companies are delivering less than a 10% return on investment and 26 are in the red, with 14 suffering losses for the second consecutive year.
Plimsoll blames the under-performance on the growing trend of large timber companies trying to capture market share from competitors as organic growth flattens out.
However, the 17 top companies, which include James Walker (Leith) Ltd, Crown Timber plc and Velux Co Ltd, are delivering an average 14.5% return.
