VMG Wood Invest Revenue Drops to 307.1 Million Euros Amid Market Adjustments

VMG Wood Invest experienced a revenue decline to 307.1 million euros in the past year, a shift attributed to market price corrections and competitive pricing for chipboard products. Ingrida Grikpėdienė, the company's director, noted that while revenue adjusted, sales volumes grew, and the furniture manufacturing segment remained robust. The group prioritized enhancing internal efficiency, optimizing production, and boosting competitiveness. Significant modernization efforts were undertaken across its companies. Klaipėdos mediena renovated a building for 3 million euros, increasing its finished product storage capacity by approximately 20% and improving logistics. VMG Wood Solutions automated its packaging line and installed a 5-megawatt solar power plant, while Sakuona invested 0.6 million euros in modernizing its biofuel facility. Looking ahead, VMG Akmenės baldai plans to double its sales to 50 million euros this year, producing around 6.8 million square meters of goods. VMG Wood Solutions aims for a 14% production increase, reaching 654,000 cubic meters of board production annually. The VMG Wood Invest group employed over 1,700 people by the end of 2025 and plans to expand its workforce to 1,820 specialists this year.

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Despite market fluctuations, sales volumes grew, and the furniture manufacturing segment maintained strong positions.