Sales increase – but extraordinary events and charges in 2018
Precious Woods achieved consolidated net sales of EUR 46.3 million in fiscal year 2018. This was 3.0 % higher than in the previous year (EUR 45.0 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 5.1 million (previous year: EUR 8.2 million). Earnings before interest and taxes (EBIT) amounted to EUR 1.7 million (previous year: EUR 3.5 million). The net result amounted to EUR -1.7 million (previous year EUR 1.6 million). Earnings were affected by one-off expenses of about EUR 1.0 million and a margin of around EUR 3.0 million will only be realized in 2019.