Brazil

Precious Woods Amazon – a difficult business year

PW Amazon’s net sales amounted to EUR 9.9 million and were 6.8 % below the previous year’s figure of EUR 10.6 million. Export sales fell by 3.4 %, and deliveries of biomass for the energy plant fell by 5.1 %. This was due to delivery difficulties toward the end of the year and the mix of wood species processed in 2017. As a result, earnings before interest, taxes, depreciation and amortization (EBITDA) fell to EUR 0.1 million, corresponding to a margin of only 1.2 %. Earnings before interest and taxes (EBIT) amounted to EUR -0.3 million. This corresponds to a reduction of EUR 1.2 million compared to the previous year’s period.