Trading

Precious Woods Trading – sales in logs and sawn timber from Europe more than double

Trading in logs and sawn timber from Europe complements the current product range of Precious Woods and expands our knowledge in the sales and procurement market. It supplements our core business, which consists in the processing and trading of tropical sawn timber from Brazil and Gabon and these revenues are shown in the respective segments.

Net sales from the trading business in the 2017 reporting year amounted to EUR 4.4 million, doubling the previous year’s level of business activity (2016: EUR 2.1 million).

Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 0.5 million. The EBITDA margin was 11.3 % (previous year: 5.4 %).

For Precious Woods, trading activities in Europe are strategically important, because this activity secures expertise in the sales and procurement market and creates synergies with our other business areas. The challenge will be to contribute insights purposefully in our operations in Africa and Brazil and to utilize them for the benefit of our customers.