The Tornator Group’s FY 2024 net sales was Euro 213.0 million, a change of +9.3%. The volume of timber deliveries was at the level of the comparison period, but the stronger price level increased the turnover. A total of 90.5% of turnover, worth Euro 192.8 million, consisted of timber sales income. The turnover of silviculture services increased by 16.9%, reaching Euro 17.0 million. In addition, the proceeds from land and plot sales amounted to Euro 3.2 million.
Other operating income, Euro 7.6 million, includes income from land access and lease revenues, compensation for conservation areas and sales of soil-resources as well as income from actual and estimated future earn-outs related to sold wind power projects. The change in value of the earn-outs was negative in the comparison period, which is why the amount for the comparison period is presented in other operating expenses.
Operating profit at fair value amounted to Euro 189.9 million, and profit for the financial period was Euro 132.5 million. The fair value of the forest assets increased significantly more in the comparison period than in the reporting period, explaining the decrease in operating profit.
Esko Torsti, Chairman of the Board, said: “In 2025, Tornator will enter a new strategy period, with quality, nature and added value at its core. These themes reflect the long-term vision of forestry while responding to the demands of today. The strategy continues our tradition of responsible action, where multigenerationality, sustainability and innovation go hand in hand.
In 2024, Tornator experienced strong growth. The company’s result was markedly positive, with turnover exceeding Euro 200 million for the first time. I would like to thank the entire organisation; this success is based on each person’s contribution and work towards a common goal. Tornator’s long-term approach is reflected not only in our results, but also in the way we combine economic productivity and sustainability. Thanks to these principles, we are not only the largest private forest owner in Finland, but also a forerunner in our industry”.
Tornator is a leader in sustainable forestry in Europe. It owns forests in Finland, Estonia and Romania.
