Group results

Sales and earnings growth of the Precious Woods Group in 2017

Precious Woods achieved consolidated net sales of EUR 45.0 million in fiscal year 2017. This was 8.9 % higher than in the previous year (EUR 41.3 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 19.2 % to EUR 8.2 million (previous year: EUR 6.9 million). Earnings before interest and taxes (EBIT) amounted to EUR 3.5 million, more than twice as high as in the previous year (EUR 1.6 million). The net result amounted to EUR 1.6 million, which represents an increase of EUR 4.4 million (previous year: EUR -2.8 million).