CM Biomass reports “best results yet”

CM Biomass has released its results for 2023/24, which, with an EBT of €41 million, represent its best results yet.
Having for the past two years added production to CM Biomass’ portfolio of trading and expanded on logistics and sourcing solutions, CM Biomass said it has shown the strength of combining production and trading as a flexible provider.
The past financial year has posed significant challenges to the biomass industry, including a mild and late winter season with less demand and lowered prices on wood pellets as a result.
Despite this, CM Biomass has been able to deliver the best result in its 15 years of operation.
CEO of CM Biomass, Morten Buchgreitz, credits several factors to this year’s record result.
“We’re incredibly proud to deliver year on year positive results, this year being no different, and even record-breaking. Much of this success can be credited to our organisation and the many dedicated people, who run production, trading, and back-office functions. It would not be possible without their dedication,” he said Morten Buchgreitz.
He added: “Our business model as a flexibility provider has especially in a year with lower demand allowed us to accommodate our clients, storing or buying back any excess products. This grows trust and builds strong partnerships with clients, that leads to better business.”
CM Biomass annually trades 3.6 million tonnes of biomass and owns directly or through joint ventures 11 production facilities in the US and in Denmark, have access to 65 warehouses across the world and have sales offices from Seoul to Sweden underlining the global bandwidth of the company.