Outlook for 2022

We expect a higher yield from the new sawmill and higher production volumes in 2022. There will be further improvements in the production processes, which will reduce costs. Similar harvest volumes are planned as in 2021. Initial investments in the depth of the value chain are planned. We expect the delivery situation to improve, which will subsequently increase liquidity. Market prices have held at a higher level, and we are confident that this will not change much, given the expected increase in worldwide demand for wood. Thanks to the high market prices, we expect higher margins, provided that no further setbacks or delivery delays occur due to the pandemic or other unexpected events.