Net sales increased 22 per cent. The EBITDA margin is holding at around 70 per cent. The Board proposes a dividend of EUR 0.50 per share — up from EUR 0.36 the year before.
- Net sales 5.5 MEUR (+22 per cent)
- Proposed dividend EUR 0.50 per share (vs EUR 0.36)
- Forest assets valued at 719.6 MEUR. Total area 80.2 thousand hectares
- Cash 11.1 MEUR. No interest-bearing liabilities
Key figures
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Net sales | 5.5 MEUR | 4.5 MEUR | +22.4% |
| Adj. EBITDA margin | 70.3% | 70.7% | -0.6 pp |
| Profit for the period | 4.2 MEUR | 3.1 MEUR | +35.3% |
| NRV per share | EUR 69.7 | EUR 70.3 | -0.9% |
Operations
Harvesting increased 17 per cent to 124 thousand cubic metres, driven by higher volumes in Romania and Lithuania. Harvesting in the United Kingdom was almost entirely paused owing to weak market prices. During the quarter a net 541 hectares of forest land were acquired in Finland and the Baltics.
New chairman at the Annual General Meeting
At the Annual General Meeting on 26 May 2026, Göran Persson steps down as chairman after more than eight years. Malcolm Cecil-Cockwell, whose background is in a listed timberland company in North America, takes over as the new chairman.
Source: Greengold’s interim report Q1 2026 (1 January – 31 March 2026).
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