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Product prices and raw material costs are cyclical and therefore a period of low product prices or high raw material costs affects profitability.
Reliance on imported wood may oblige the Group to pay higher prices for key raw materials or change manufacturing operations.
Reliance on outside suppliers for the majority of energy needs leaves the Group susceptible to changes in energy prices as well as shortage of supply.
Changes in consumer preferences may have an effect on demand for certain products and thus on profitability.
Exchange rate fluctuations may have a significant impact on financial results.
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