Danzer, a hardwood producer based in Austria, reported a 25% revenue increase in 2021 compared with 2020, rising to a revenue of EUR 170 million ($181 million USD).
The increase was adjusted for the divestiture of one of the company’s sawmills in Bradford, Pa.
The company said it benefited from the “soaring demand for hardwood” in 2021. Its revenue came from 57% sliced products, 28% sawn products and 15% from logs, specialties and services.
“From an operational point of view, the year was shaped by bottlenecks and cost increases for raw material, transportation, and labor,” the company said in a statement. “Danzer continued to strategically invest in systems for intelligent wood use and process automation.”
Danzer’s investments in 2021 included an automated cutting line for wear layers that it said improved the yield from tree to product.
The company has approximately 1,100 employees and operates in 21 sales offices worldwide. Its top three markets in 2021 were the U.S., U.K. and Germany.
The full financial report can be found here.
