Coillte

Group Performance 2009

Profit: 2005 - 19.65million, 2006 - 22.46million, 2007 - 40.13million, 2008 - 9.2million, 2009 - 4.2million
Turnover: 2005 - 215.67million, 2006 - 213.79million, 2007 - 318.13million, 2008 - 249.48million, 2009 - 206.9million
Capital Expenditure: 2005 - 48.75million, 2006 - 49.43million, 2007 - 58.41million, 2008 - 58.09million, 2009 - 40.7million

2009 Highlights

  • Profit fell 54% to €4.2m in difficult trading environment
  • Group turnover fell 17% to €206.9m
  • Capital expenditure was reduced by €17m to €40.7m
  • Operating costs were reduced by €24m
  • Group debt was successfully re-financed
  • 5,800 ha of forests were planted
  • Volume of logs sold increased by 5% to 2.4m m3
  • Record volumes of panel products’ sales achieved in United Kingdom
  • Coillte Panel Products won Excellence in Marketing Award for SmartPly Site Protect
  • Renewable energy strategy and projects -- wind and biomass -- advanced
  • Good progress achieved in developing 100 sites for National Broadband Scheme