Koskisen’s Järvelä, Tehdastie production site manufactures plywood and chipboard


Finnish-based Koskisen’s panel product division annual revenue grew 6% to €150.9m (2024: €142.4m) in the 12 months ended December 31, 2025.

Sales in Q4, 2025, grew strongly for panel products compared to the same period in 2024. Divisional EBITDA for the full year was down 11% to €15.7m (2024: €17.7m), while panel product deliveries were up 2% to 126,600m3.

The main products in Koskisen’s panel industry division (it also has a sawn timber business) are birch plywood, chipboard, thin plywood and veneer. The Kore brand produces interior solutions for various commercial vehicles.


The profitability of the panels division improved in Q4, 2025, with EBITDA amounting to €4.3m (Q4, 2024: €2.5m).

The improved profitability was mainly due to the increased delivery volumes of birch plywood. The demand for chipboard remained modest due to the weak cyclical conditions in construction, and production had to be scaled back at times.

The first phase of the Panel Industry segment’s investment programme, which will run from 2025 to 2027, was completed at the end of December 2025.

All of the investments planned for 2025 were successfully deployed. Koskisen says the benefits of the investments will gradually begin to materialise as the remaining production bottlenecks are resolved by future investments and efficiency improvement measures.

The second phase of the investment programme began in early 2026. In the second phase, the investments are focused on developing the further processing of veneer and thereby improving quality and productivity. The total value of the investments in the second phase is approximately €7m.

Koskisen Group’s total annual 2025 revenue (including the sawn timber business) reached an all-time high of €354.9m (2024: €282.3m). EBITDA was €28.8m (2024: €24.2m), a 19% growth.

The improvement in EBITDA was mainly attributable to increased delivery volumes in the sawn Timber Industry segment and slightly higher prices of end products.

For the Sawn Timber Industry segment, the year 2025 was a period of strong growth. The effect of the Iisveden Metsä business, which was acquired in June 2025, is reflected in the figures, but the segment also achieved significant organic growth, supported by increased volumes at the Järvelä sawmill.

The Sawn Timber Industry segment has grown quickly, with production capacity rising by approximately 70% per cent since 2022. The division recorded sales of €203.9m in 2025, up 45% on 2024, with the acquisition contributing to the figures. EBITDA was €14.3m (2024: €7.2m).

In spite of the moderate demand situation, the positive development of productivity improved the profitability and sawn timber production continued without reductions in production volumes.

Source: wbpionline.com