Annual Report 2017

Precious Woods – a sustainable forest management company

Annual Report in detail

368 200 m3

Revenue

in EUR million

Change in revenue 8.9 %

Increase in sales by 8.9%

The net sales in 2017 amounted to EUR 45.0 million, which is 8.9 % higher than the previous year's sales of EUR 41.3 million. This was achieved primarily through a 10% increase in sales volumes. The impact of the price/product mix and currencies was only -0.4 %.

Further information: Consolidated statement of profit or loss

EBITDA

in EUR million

Change in EBITDA 19.2 %

EBITDA margin of 18.2%

Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 8.2 million, which was EUR 1.3 million or 19.2% above the previous year (EUR 6.9 million). This corresponds to an EBITDA margin of 18.2% (previous year: 16.7%). While the operational contribution improved by EUR 3.7 million, other costs and income rose by EUR 2.2 million.

Further information: Financial information by segment

Employees

in FTE

Change in employees 3.8 %

Women

2016

10.5 %

2017

10.6 %

Men

2016

89.5 %

2017

89.4 %

Equity ratio

in EUR million

Change in equity ratio 0.3 %

Net debt ratio

2016

1.6 x

2017

1.6 x

Equity ratio

2016

28.1 %

2017

28.1 %

Further information: Consolidated statement of financial position

Operating cash flow

Stronger operating cash flow

Cash flow from operating activities increased by EUR 1.2 million to EUR 3.4 million. The change in working capital was EUR -3.6 million. Investments in tangible fixed assets amounted to EUR 2.2 million. Cash flow from financing activities was EUR 0.2 million. Overall, the Group's financial situation strengthened.

Further information: Statement of cash flows

Harvested timber and production

in m3

Change in harvested timber

2017

47 000 m3

2017

14.6 %

Change in production

2017

3 970 m3

2017

6.3 %

To our shareholders

It was a great pleasure and honour to be given the opportunity to succeed Ernst A. Brugger as Chair of the Board of Directors of Precious Woods in May 2017.

Impressions of the “Centre Culturel” project in Bambidie, Gabon

Approximately 3,500 people live in the village of Bambidie, including about 800 school-age children. All of them are our employees with their family members. Since there are no major cultural offerings in the region, we launched the "Centre Culturel" project, which aims to provide the local population with a space for events and meetings.

Precious Woods and the sustainable impact

Since the founding of Precious Woods sustainability is at the core of her corporate philosophy. Sustainability means the creation of added value in economic, ecological and social terms – for investors, employees, business partners and other stakeholders.

c25 April 2018	Publication Annual Report 2017
c17 Mai 2018	Annual General Meeting

Annual Report 2017

Precious Woods – a sustainable forest management company

Key figures and information

45.0 EUR million

8.2 EUR million

1 340

28.1 %

3.4 EUR million

368 200 m3

Revenue

in EUR million

Change in revenue 8.9 %

Increase in sales by 8.9%

EBITDA

in EUR million

Change in EBITDA 19.2 %

EBITDA margin of 18.2%

Employees

in FTE

Change in employees 3.8 %

Women

Men

Equity ratio

in EUR million

Change in equity ratio 0.3 %

Net debt ratio

Equity ratio

Operating cash flow

Stronger operating cash flow

Harvested timber and production

in m3

Change in harvested timber

Change in production

To our shareholders

Impressions of the “Centre Culturel” project in Bambidie, Gabon

Precious Woods and the sustainable impact

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