CHILE – Masisa, one of the leading regional manufacturers of wooden panels, reported that its sales in the first half of 2023 (6M-2023) amounted to USD 180.2 million, representing a decrease of 29.7% (USD 76.1 million) compared to the same period of the previous year.
This is reflected in a decline in sales volumes and lower cost dilution due to production line stoppages.
Regarding sales volumes in m3 for the wooden panels and derivatives business through June 2023, there was a decrease of 28.1% compared to the same period of the previous year. This was a result of the economic slowdown in the North American and Chilean markets, as well as the stock of products in customers’ warehouses.
With the above, a Net Loss of USD 2.5 million is observed in 6M-2023.
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