Nordic Fibreboard AS consolidated unaudited financial results for Q2 and 6 months 2024

MANAGEMENT REPORT

Consolidated net sales for Q2 2024 amounted to €2.18 million, an increase of 8% compared to the same period last year (Q2 2023: €2.01 million). The main business area is the production and wholesale of softboard, which recorded sales of €2.17 million in Q2 2024 (Q2 2023: €2.00 million). The remaining business area is the property management of the real estate on Suur-Jõe Street in Pärnu, which recorded sales of €0.01 million in Q2 2024 (Q2 2023: also €0.01 million).

The reason for the increase in fiberboard sales (compared to Q2 2023 and Q2 2024) is the addition of new industrial customers in 2024. The company’s primary focus remains on finding new customers, with the aim of expanding the customer portfolio and exploring new business directions.