The Annual Report is usually published in June, but this year EOS has decided to postpone its publication until October in order to incorporate the massive impact of the Covid-19 crisis on the sawmill industry. “At the beginning of the year markets were very positive but this was brought to a sharp end in March when the first lockdowns happened in Europe. The coronavirus outbreak hit very unevenly Europe. In countries where the economy was more resilient – such as Scandinavia and Germany – and where the construction market held up better than expected, the sawmill industry has been navigating the crisis quite well. Some segments, such as the DIY sector and home improvement did actually very well as people spent more time at home. Other countries, such as the UK and Southern Europe had a much harder time with construction markets being more severely impacted and sawmills in some cases forced to suspend operations” as reported in the EOS President foreword.
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