News

02
07.2014

Property holdings now exceed 7,000 hectares

At the end of the second quarter property holdings were 7,016 hectares of which 4,869 are forest, 1,639 agriculture land and 488 other land. Total estimated growing stock is 532,000 cubic meters.

During the second quarter 2014 the purchase of Forest Holding Latvia AB and SIA Zaveria, with total land holdings of 3,885 hectares, was completed.

In addition, 160 hectares were purchased with a total growing stock of 9,810 cubic meters. The purchase price amounted to 155 TEur (1.4 MSEK) which corresponds to approx. 970 Eur (8,750 SEK) per hectare.

During the second quarter one smaller harvesting of 375 cubic meters was completed. This generated a net income of 16,500 Eur, which corresponds to 44 Eur (400 SEK) per cubic meter. The purchase price in December 2013 for the harvested volume was 24 Eur (215 SEK) per cubic meter.

At a share price of 7.00 SEK the growing stock is estimated to be valued at 10.7 Eur (84 SEK) per cubic meter when taking into account the value of the agricultural and forest land. The estimated net asset value, after land purchases and harvesting, is approx. 1.26 Eur (11.55 SEK) per share.

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Summons to Extraordinary General Meeting of shareholders in Latvian Forest Company AB (publ)
13.03.2019

The shareholders of Latvian Forest Company AB (publ), Reg. No. 556789-0495 ("The Company") are hereby summoned to the Extraordinary General Meeting of shareholders to be held on Wednesday, March 27, 2019 at 10.00 in Galjaden Fastigheter premises on Linnégatan 18, Stockholm.

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Latvian Forest Company undertecknar aktieöverlåtelseavtal med SCA Mezs Latvija
08.03.2019

Latvian Forest Company AB undertecknar i enlighet med tidigare ingången avsiktsförklaring ett aktieöverlåtelseavtal med SCA Mezs Latvija, SIA rörande försäljning av samtliga aktier i de rörelsedrivande dotterbolagen SIA Latvijas mezu kompanija och Baltic Forest IV SIA, innebärande en avyttring av bolagets verksamhet.

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Bokslutskommuniké 2018
22.02.2019

  • Bokfört värde på mark- och skogstillgångar uppgår till 24.574 (21.323)TEUR
  • Eget kapital uppgår till 1,145 (1,027) EUR per aktie
  • Fastighetsinnehaven uppgår till 10.452 (9.599) hektar
  • Virkesvolymen uppskattas till ca 1.015.000 (995.160) kubikmeter

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Latvian Forest Company signs letter of intent with Svenska Cellulosa Aktiebolaget SCA with a view of selling the entire share capital of all its operating subsidiaries
04.02.2019

Latvian Forest Company AB signs letter of intent with Svenska Cellulosa Aktiebolaget SCA with a view of selling the company’s operations by way of sale of all shares in the operating subsidiaries SIA Latvijas mezu kompanija and Baltic Forest IV, SIA. The total sale price is estimated to 26 000 000 Euro.

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Interim Report January - September 2018
23.11.2018

  • Book value on land and forest assets of 23.840 (21.062) TEUR
  • Owners’ Equity per share was 1,125 (0,979) EUR
  • Property holdings of 10.357 (9.416) hectares
  • Timber volume was 1.016.600 (960.000) cubic meter

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Interim Report January - June 2018
23.08.2018

  • Book value on land and forest assets of 22.137 (20.850) TEUR
  • Owners’ Equity per share was 1,047 (1,068) EUR
  • Property holdings of 9.877 (9.368) hectare
  • Timber volume was 1.034.000 (940.000) cubic meter

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Come follow us on Instagram!
17.08.2018

Come follow us on Instagram

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European Foresters' Orienteering Championships 2018
01.08.2018

We at Latvian Forest Company are proud supporters of orienteering in Latvia.

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Interim Report January - March 2018
24.05.2018

  • Book value on land and forest assets of 21.924,3 (20.829,8) TEUR
  • Owners’ Equity per share was 1,034 (1,06) EUR
  • Earnings per share 0,008 (0,0039) EUR
  • Property holdings of 9.665 (9.368) hectare

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Interim Report January - March 2017
22.05.2017

  • Book value on land and forest assets of 20.829,8 (19.228) TEUR
  • Owners’ Equity per share was 1,06 (1,03) EUR
  • Earnings per share was 0,0039 EUR
  • Property holdings of 9.368 (8.590) hectare

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Bronsstädet AB largest shareholder
23.09.2014

Bronsstädet AB (556612-1124) has purchased 1.878.616 B-shares in Latvian Forest Company AB (publ). The ownership, after purchases, corresponds to 14.81 percent of capital and 14.01 percent of votes which makes Bronsstädet AB the largest shareholder in Latvian Forest Co.

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Acquisitions will be completed
04.03.2014

Following the completion of its due diligence analyses, the Latvian Forest Company AB has decided to complete the previously announced acquisitions.

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