Annual Report: Nordic Wood Industries emerges stronger from a year of restructuring
After an exceptionally challenging 2024, Nordic Wood Industries has returned to a more stable and positive trajectory. This is reflected in the Group’s newly published 2025 annual report, which shows growth in both revenue and earnings despite a year still marked by recovery efforts, particularly within Scandi Byg and Roust Element.
In 2025, Nordic Wood Industries moved closer to the level the Group has historically operated at. According to the newly published annual report, the wood-based Group achieved revenue of DKK 1 billion and EBITDA of DKK 71 million, while profit before tax reached DKK 27 million. This represents an EBITDA improvement of DKK 103 million compared to the 2024 financial year.
According to Group CEO Holger C. Hansen, the results are satisfactory given the continued extensive work to rebuild and strengthen key parts of the Group, particularly Scandi Byg, Roust Element, and Nviro:
“We are back on the right track and returning to the position we have historically held in parts of the business. That does not mean we are fully where we want to be yet, but we are very positive about the development and have taken major steps in the right direction after a difficult 2024. We have emerged significantly stronger from 2025,” says Holger C. Hansen, and continues:
“In Scandi Byg, 2025 has largely been about restarting the company successfully after the bankruptcy and establishing a new, more robust setup. Naturally, this has involved a range of additional costs related to relocation, production adjustments, and building a more streamlined organization. At the same time, in Roust Element we have spent the year carrying out a thorough clean-up of challenged projects. Nviro has also faced a weak private market in 2025, which we have adapted to through a new strategy. The focus is now on improving processes, systems, and project management, which we have truly started implementing in 2026,” says Holger C. Hansen.
New structures and stronger operations
According to Holger C. Hansen, 2025 has not only been a year of improved earnings, but also a year in which Nordic Wood Industries strengthened the foundation for future development. At Roust Element, management has been strengthened and focused efforts have been made to secure a more robust operation.
“There is still a significant amount of work ahead of us, but the company is back on track and better equipped for the next steps. And with the recent acquisition of HusCompagniet Production, which has become part of Roust Element, we have taken the company to a new level with stronger production capabilities and increased automation,” says Holger C. Hansen.
Scandi Byg has also established a new foundation for the future. According to Holger C. Hansen, the company has built a strong order backlog, established a simpler and more efficient production setup, and successfully selected projects well suited for modular production.
“Scandi Byg has come through 2025 very successfully. That is an achievement in itself in a year marked by a restart, new customers, and major changes to both the organization and production. We have focused on creating stability, quality, and healthy operations, and we have succeeded better than expected,” he says.
Palsgaard and Lilleheden drive the progress
While Scandi Byg and Roust Element have been characterized by recovery efforts, several of the Group’s other companies delivered a strong performance in 2025. In particular, Palsgaard Spær achieved progress after a challenging 2024, when the implementation of a new ERP system caused operational disruptions.
“Palsgaard Spær performed well in 2025. The ERP system is now fully integrated, and we are benefiting from the investments we made the year before. At the same time, the integration of Ringsted Spær and Jysk Spærfabrik has gone very well, and we clearly see synergies across the business,” says Holger C. Hansen.
Lilleheden also had a strong 2025, driven in part by a strengthened position within the project market and high activity on larger projects.
“Lilleheden is a very stable company, and in 2025 they successfully expanded their business significantly within the project market. This has been achieved through investments in employees, systems, and production, all of which contributed positively to the year’s results,” explains Holger C. Hansen.
Positive expectations for 2026
Across the Group, expectations for 2026 are positive. According to Holger C. Hansen, timber construction continues to grow, and the Group is already seeing improved market trends among housebuilders, contractors, and within the project market.
“When we listen to our customers, they expect growth in 2026, and that aligns well with what we are seeing ourselves. We are experiencing strong interest in projects and solutions across the Group’s companies. We are not at the finish line yet, but we are in a much stronger position today than we were a year ago. Lilleheden will implement a new ERP system in 2026, which will create some operational disruptions, and Roust Element still needs to improve internal processes, so it will not be a year without challenges. But overall, we expect to see solid progress compared to 2025,” concludes Holger C. Hansen.