PJSC “Euroshpon-Smyga” (Smyga, Rivne Oblast), a leading Ukrainian manufacturer of sawn veneer, saw its net profit decline by 29.2% in January–June 2026 compared to the same period in 2025, down to 109.4 million UAH.
According to the company’s financial statements published on its website, its net revenue for this period increased by 18.4% to 630.3 million UAH.
The company reported UAH 168.9 million in gross profit (down 3.6%) amid a 31.8% decline in operating profit to UAH 132.2 million.
Retained earnings as of the end of the reporting period stood at UAH 1.23 billion.
According to the report, in the second quarter of this year, “Euroshpon-Smiga’s” net profit fell by 41.7% compared to April–June 2025—to 54.2 million UAH—while net sales revenue rose by nearly 15%—to 311.7 million UAH.
As of early July of this year, the company employed 430 people.
According to its own information, the trade and industrial company “Euroshpon-Smiga” is the leading manufacturer of planed veneer in Ukraine. It produces lumber, planed veneer, and finger-jointed veneer from various wood species. Its products comply with international standards and are FSC-certified.
Last year, the company exported 81.6% of its total sales, amounting to 901.1 million UAH; importing countries included Poland, Lithuania, Spain, Slovakia, Belgium, and the United States.
In 2025, its net profit increased by 14.7%—to 258.8 million UAH—compared to 2024, as net revenue rose by 15.6%—to 1 billion 105 million UAH. This year, shareholders approved dividend payments twice—totaling 50 million UAH.
