NACE division

NACE 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

1,673 companies currently classified in this industry by CSP

This division includes the manufacture of wood products (for example, lumber, plywood, veneers, wood containers, wood flooring, wood trusses, prefabricated wood buildings, the manufacture of solid fuels from vegetable biomass, the finishing of wooden products). The production processes include sawing, planing, shaping, laminating and assembling of wood products starting from logs that are cut into bolts, or lumber that may then be cut further, or shaped by lathes or other shaping tools. The lumber or other transformed wood shapes may also be subsequently planed or smoothed, and assembled into finished products (for example, wooden containers). With the exception of sawmilling, this division is subdivided mainly based on the specific products manufactured.

Industry indicators

Median, 25th and 75th percentile across companies in the industry for the selected year.

Size

NACE 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials · 2025 · Size
Indicator25th percentileMedian75th percentileTotalCompanies
Net turnover Reported net turnover€18,108€115,752€654,152€3 628m1,345
Net profit or loss Reported net income-€8,174€501€15,703€139m1,345
Total assets Reported total assets€14,488€78,070€431,631€3 635m1,345
Employees Reported average employees131220,6961,345

Profitability

NACE 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials · 2025 · Profitability
Indicator25th percentileMedian75th percentileTotalCompanies
Revenue growth (Net turnover − previous year net turnover) ÷ previous year net turnover-25.7%0.9%26.7%—1,193
Gross profit margin Gross profit ÷ net turnover-0.2%11.3%26.7%—1,130
Net profit margin Net profit ÷ net turnover-11.8%0.8%7.9%—1,248
Return on assets (ROA) Net profit ÷ total assets at year end-18.5%0.6%12.3%—1,343
Return on equity (ROE) Net profit ÷ equity at year end-14%5%27.7%—991

Liquidity

NACE 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials · 2025 · Liquidity
Indicator25th percentileMedian75th percentileTotalCompanies
Current ratio Current assets ÷ current liabilities0.6×1.51×3.83×—1,288
Quick ratio (Current assets − inventories) ÷ current liabilities0.22×0.75×2.42×—1,288
Cash ratio Cash ÷ current liabilities0.02×0.18×1.02×—1,288

Capital structure

NACE 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials · 2025 · Capital structure
Indicator25th percentileMedian75th percentileTotalCompanies
Equity ratio Equity ÷ total assets-5.2%45.3%75.8%—1,343
Debt-to-assets Liabilities ÷ total assets (liabilities = total equity and liabilities − equity)24.2%54.7%105.2%—1,343
Debt-to-equity Liabilities ÷ equity0.16×0.61×1.71×—991

Activity and efficiency

NACE 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials · 2025 · Activity and efficiency
Indicator25th percentileMedian75th percentileTotalCompanies
Asset turnover Net turnover ÷ total assets0.69×1.5×2.84×—1,343
Receivables collection period Accounts receivable ÷ net turnover × 3658 days23 days57 days—1,248
Revenue per employee Net turnover ÷ average employees€17,431€41,856€80,370—1,202

Cash generation

NACE 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials · 2025 · Cash generation
Indicator25th percentileMedian75th percentileTotalCompanies
Operating cash-flow margin Net operating cash flow ÷ net turnover0%3.7%9.3%—84

Taxes

NACE 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials · 2025 · Taxes
Indicator25th percentileMedian75th percentileTotalCompanies
Taxes paid VID published annual total€120€7,695€46,058€147m1,460
Taxes paid per employee Taxes paid ÷ VID average employees€1,489€3,954€7,122—1,139

Median Net turnover by year

Median Net turnover by year
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Median Net turnover by year
2019€124,295
2020€110,808
2021€120,912
2022€160,351
2023€129,854
2024€113,423
2025€115,752

Largest companies by net turnover

Active companies, by net turnover in their latest annual report.

  1. 1.Akciju sabiedrība "LATVIJAS FINIERIS"€419,641,128 · 2025
  2. 2.Sabiedrība ar ierobežotu atbildību "KRONOSPAN Riga"€222,163,803 · 2025
  3. 3."LATGRAN" SIA€221,227,027 · 2025
  4. 4.AS "STORA ENSO LATVIJA"€129,420,878 · 2025
  5. 5.Sabiedrība ar ierobežotu atbildību "Gaujas Koks"€99,763,676 · 2025
  6. 6.Sabiedrība ar ierobežotu atbildību "Stiga RM"€95,073,974 · 2025
  7. 7.Sabiedrība ar ierobežotu atbildību "AKZ"€90,607,089 · 2025
  8. 8."BSW LATVIA" SIA€89,975,906 · 2025
  9. 9.KRONUS SIA€87,642,325 · 2025
  10. 10.SIA "Vika Wood"€87,583,084 · 2025
  11. 11.Sabiedrība ar ierobežotu atbildību "OŠUKALNS"€86,859,467 · 2025
  12. 12.Sabiedrība ar ierobežotu atbildību "KUREKSS"€73,000,069 · 2025

Classes in this division

Sources and method

Methodology, sample and formulas
Population and report selection
Each company contributes at most one value per year and indicator. Current CSP NACE 2.1 classification is applied to all historical years. FTM selects a non-annulled, non-removed annual DUF report by latest period end, then registration date and record ID. Monetary comparisons use EUR reports with the filed rounding unit applied.
Median and quartiles
P25, median (P50) and P75 use continuous percentiles with linear interpolation between ordered observations. The shaded range spans P25–P75, the middle half of company values. Companies have equal weight; figures are not revenue-weighted.
Outliers
No trimming, winsorisation or outlier exclusion is applied. Extreme reported values remain in the distribution. The interquartile band reduces their visual influence but does not remove them.
Minimum sample
At least 5 valid company values are required separately for each year, indicator and group. The displayed company count is that indicator’s sample, not every company in the industry. Smaller samples are not published.
Periods and annualisation
The last seven completed calendar years are published. Ratios use closing balance-sheet values, not average balances. Results are not annualised or inflation-adjusted; short or long reporting periods can affect comparisons. Receivable days use a fixed 365-day convention.
Missing or invalid inputs
Missing inputs and zero or negative denominators produce no ratio, not zero. Quick ratio requires reported inventories. Growth requires the preceding calendar year. Liabilities use total equity and liabilities minus equity, otherwise current plus non-current liabilities and reported provisions.
Above, below or close
“Close” means within 10% of the P75–P25 range around the median (an exact match if the range is zero). Above and below describe position, not good or bad performance. No company percentile rank or credit score is inferred.
Derived annual taxes
For completed years with all four quarters, tax amounts are summed and average employees are the four-quarter average rounded down. Published quarterly values in thousands of EUR are converted to EUR. These derived years take precedence in comparisons. Missing quarters are not extrapolated.

How these indicators are calculated

Net turnover
Reported net turnover
Net profit or loss
Reported net income
Total assets
Reported total assets
Employees
Reported average employees
Revenue growth
(Net turnover − previous year net turnover) ÷ previous year net turnover
Gross profit margin
Gross profit ÷ net turnover
Net profit margin
Net profit ÷ net turnover
Return on assets (ROA)
Net profit ÷ total assets at year end
Return on equity (ROE)
Net profit ÷ equity at year end
Current ratio
Current assets ÷ current liabilities
Quick ratio
(Current assets − inventories) ÷ current liabilities
Cash ratio
Cash ÷ current liabilities
Equity ratio
Equity ÷ total assets
Debt-to-assets
Liabilities ÷ total assets (liabilities = total equity and liabilities − equity)
Debt-to-equity
Liabilities ÷ equity
Asset turnover
Net turnover ÷ total assets
Receivables collection period
Accounts receivable ÷ net turnover × 365
Revenue per employee
Net turnover ÷ average employees
Operating cash-flow margin
Net operating cash flow ÷ net turnover
Taxes paid
VID published annual total
Taxes paid per employee
Taxes paid ÷ VID average employees

Distributions are calculated by FTM from published annual reports and VID tax payments, grouped by each company’s current CSP NACE Rev. 2.1 class. Ratios use year-end balances. Groups with fewer than 5 companies are not shown. “Close to median” means within 10% of the interquartile range of the median.

Earlier years are grouped by the company’s current classification. VID publishes tax debts per company only, so there is no industry tax-debt statistic.

Benchmarks published 2026-10-19.

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