Annual Report 2023

Precious Woods – a sustainable forest management company

Annual Report in detail

249 300 m³

Net revenues

in EUR million

Change in net revenues -14.4%

Declining sales and a deep crisis in the industry

Precious Woods achieved consolidated net revenues of EUR 56.4 million in the 2023 fiscal year, 14.4 % below the previous year (EUR 65.9 million).

Further information:Consolidated statement of profit or loss

EBITDA

in EUR million

Change in EBITDA -138.6%

EBITDA margin of -9.1%

Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR -5.1 million, or -9.1 %, a decrease of EUR 18.4 million from the previous year (EUR 13.3 million).

Further information: Financial information by segment

Employees

in FTE

Change in employees -18.2%

Women

2022

7.3 %

2023

8.2 %

Men

2022

92.7 %

2023

91.8 %

Equity ratio

in EUR million

Change in equity ratio -16.1%

Net debt ratio

2022

0.9 x

2023

1.2 x

Equity ratio

2022

36.9 %

2023

31.0 %

Further information: Consolidated statement of financial position

Operating cash flow

Lower operating cash flow

Cash flow from operating activities decreased by EUR 3.7 million to EUR 2.7 million. The change in working capital was EUR 5. million. Investments in tangible fixed assets amounted to EUR 2.1 million. Cash flow from financing activities was EUR -2.4 million.

Further information: Consolidated statement of cash flows

Harvested timber

in m³

Change in harvested timber

2023

164 600 m³

2023

-39.8 %

Change in production

2023

-31 300 m³

2023

-32.4 %

To our shareholders

In 2023, Precious Woods achieved consolidated net revenues of EUR 56.4 million, a decrease of 14.4% from previous year (EUR 65.9 million).

Sustainability and Transparency Report 2023

Precious Woods plays a leading role in proving that certified and sustainable forestry must be an essential part of protecting our world's forests and that only real and honest sustainability can create shared value for all.

c22 May 2024	Annual General Meeting
c14 August 2024	Publication Half-Year Report 2024

Annual Report 2023

Precious Woods – a sustainable forest management company

Key figures and information

56.4 EUR million

-5.1 EUR million

1 259

31.0 %

2.7 EUR million

249 300 m³

Net revenues

in EUR million

Change in net revenues -14.4%

Declining sales and a deep crisis in the industry

EBITDA

in EUR million

Change in EBITDA -138.6%

EBITDA margin of -9.1%

Employees

in FTE

Change in employees -18.2%

Women

Men

Equity ratio

in EUR million

Change in equity ratio -16.1%

Net debt ratio

Equity ratio

Operating cash flow

Lower operating cash flow

Harvested timber

in m³

Change in harvested timber

Change in production

To our shareholders

Sustainability and Transparency Report 2023

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