Every atomic assertion extracted from the underlying record, ranked by evidence strength.
Nordic Fibreboard AS's consolidated sales revenue was 1.86 million euros in Q1 2026, representing a 7.3% increase compared to Q1 2025.
Nordic Fibreboard AS's consolidated net loss was 570 thousand euros in Q1 2026, compared to a net loss of 228 thousand euros in Q1 2025.
Q1 2026 results were negatively impacted by a planned factory shutdown in early January for a new boiler house and a sharp increase in gas prices in February 2026.
Design work for the Admirali quarter development project has been completed, and Nordic Fibreboard AS signed a preliminary purchase-sale agreement in January 2026 to sell ten properties in Pärnu.
The Group employed 57 people as of March 31, 2026, a decrease from 69 people as of March 31, 2025.
Consolidated EBITDA was negative 395 thousand euros in Q1 2026.
The second segment of Nordic Fibreboard AS is real estate management in Pärnu.
Nordic Fibreboard AS's consolidated sales revenue increased by 7.3% compared to Q1 2025.
Fibreboard production and wholesale constituted the majority of consolidated sales revenue in Q1 2026.
Financial costs consisted of loan interest expenses and other financial costs.
Fibreboard sales revenue was 1.73 million euros in Q1 2025.
Sales revenue from the real estate segment is insignificant due to lease terminations in August 2024.
Order volume from Finnish construction stores was 855 thousand euros in Q1 2026.
EBITDA profitability was negative 21% in Q1 2026.
Nordic Fibreboard's main activity is the production and wholesale of fibreboard.
Financial costs were 41 thousand euros in Q1 2026.
A US military attack on Iran at the end of February sharply increased energy carrier prices.
Significant increase in gas prices in February 2026 negatively impacted Q1 2026 results.
Sales to the European Union were 1,639 thousand euros in Q1 2025.
Financial costs were 51 thousand euros in Q1 2025.
Consolidated net loss was 228 thousand euros in Q1 2025.
Fibreboard sales revenue reached 1.86 million euros in Q1 2026.
Total fibreboard sales were 1,734 thousand euros in Q1 2025.
Fibreboard sales revenue increased by 127 thousand euros or 7.3%.
Improved sales results were primarily supported by Finnish construction stores.
Order volume from Finnish construction stores increased by 241 thousand euros.
As a result of the merger, Nordic Fibreboard AS owns and manages the Suur-Jõe 48 property.
Order volume from Finnish construction stores was 614 thousand euros in Q1 2025.
Fibreboard segment EBITDA was negative 321 thousand euros in Q1 2026.
Fibreboard segment EBITDA was negative 62 thousand euros in Q1 2025.
Cold weather increased normal energy consumption, impacting Q1 2026 EBITDA.
The new gas boiler house's calibration and commissioning took approximately two months, impacting Q1 2026 EBITDA.
Q1 2025 EBITDA profitability was negative 5%.
Fibreboard segment net loss was 204 thousand euros in Q1 2025.
Fibreboard segment net loss was 496 thousand euros in Q1 2026.
The market price of gas nearly doubled after the US military attack on Iran.
Gas prices have since fallen but remain approximately 50% higher than at the beginning of the year.
Sales to the European Union were 1,781 thousand euros in Q1 2026.
Q1 2025 EBITDA was negative 85 thousand euros.
Sales to Asia were 13 thousand euros in Q1 2026.
Sales to Asia were 0 thousand euros in Q1 2025.
Sales to Africa were 62 thousand euros in Q1 2026.
Sales to Africa were 87 thousand euros in Q1 2025.
Sales to other regions were 5 thousand euros in Q1 2026.
Sales to other regions were 8 thousand euros in Q1 2025.
Total fibreboard sales were 1,861 thousand euros in Q1 2026.
Sales revenue increased by 126 thousand euros.
The Group owns and manages the former furniture factory property at Suur-Jõe tn 48 in Pärnu.
A detailed plan for residential real estate development (Admirali quarter) has been established for the Suur-Jõe tn 48 property.
Pärnu Riverside Development OÜ, a 100% subsidiary, previously owned and managed the Suur-Jõe 48 property.
Nordic Fibreboard AS and Pärnu Riverside Development OÜ signed a merger agreement on July 30, 2025.
Nordic Fibreboard AS was the acquiring entity in the merger.
Pärnu Riverside Development OÜ was the acquired entity in the merger.
The merger date was June 1, 2025.
Q1 2025 consolidated sales revenue was 1.74 million euros.
Construction permits have been issued for internal roads and utility networks within the Admirali quarter.
Construction permits have been issued for apartment buildings at Admirali 1/3, Admirali 5/7, and Admirali 9/11.
A construction permit has been issued for the reconstruction of the existing office building at Suur-Jõe 48.
The properties are currently owned by Nordic Fibreboard AS.
Nordic Fibreboard AS's consolidated sales revenue was 1.86 million euros in Q1 2026.