Annual Report 2019

Precious Woods – a sustainable forest management company

Annual Report in detail

393 200 m3

Revenues

in EUR million

Change in revenue -4.2%

Increased profitability, but decline in sales due to delivery problems

Precious Woods achieved consolidated net sales of EUR 44.4 million in fiscal year 2019. This was 4.2% below the previous year's sales (EUR 46.3 million).

Further information:Consolidated statement of profit or loss

EBITDA

in EUR million

Change in EBITDA 261.0%

EBITDA margin of 13.2%

Earnings before interest, taxes, depreciation and amortization (EBITDA) on a normalized basis amounted to EUR 5.9 million, which was EUR 0.8 million or 15.0 % higher than in the previous year (EUR 5.1 million). This corresponds to an EBITDA margin of 13.2 % (previous year: 11.0 %).

Further information: Financial information by segment

Employees

in FTE

Change in employees 6.4%

Women

2018

10.7 %

2019

9.6 %

Men

2018

89.3 %

2019

90.4 %

Equity ratio

in EUR million

Change in equity ratio 165.8%

Net debt ratio

2018

3.0 x

2019

0.7 x

Equity ratio

2018

15.8 %

2019

42.0 %

Further information: Consolidated statement of financial position

Operating cash flow

Higher operating cash flow

Cash flow from operating activities increased by EUR 0.2 million to EUR 3.5 million. The change in working capital was EUR -0.3 million. Investments in tangible fixed assets amounted to EUR 4.7 million. Cash flow from financing activities was EUR 0.6 million.

Further information: Statement of cash flows

Harvested timber

in m3

Change in harvested timber

2019

-4 700 m3

2019

-1.2 %

Change in production

2019

9 080 m3

2019

13.4 %

To our shareholders

The positive news up front: Precious Woods has made tremendous progress operationally, and our volumes of sawn timber production have increased in both Gabon and Brazil. And despite massive disruptions to our activities at both locations, we improved EBITDA during the reporting year from 11% to 13% on a normalized level.

Precious Woods Sustainability and Transparency Report 2018

An overview of our sustainability, which is the core of our business.

Next events

c17 April 2020	Publication Annual Report 2019
c14 Mai 2020	Annual General Meeting excluding shareholders (COVID-19)

Annual Report 2019

Precious Woods – a sustainable forest management company

Key figures and information

44.4 EUR million

18.4 EUR million

1 498

42.0 %

3.8 EUR million

393 200 m3

Revenues

in EUR million

Change in revenue -4.2%

Increased profitability, but decline in sales due to delivery problems

EBITDA

in EUR million

Change in EBITDA 261.0%

EBITDA margin of 13.2%

Employees

in FTE

Change in employees 6.4%

Women

Men

Equity ratio

in EUR million

Change in equity ratio 165.8%

Net debt ratio

Equity ratio

Operating cash flow

Higher operating cash flow

Harvested timber

in m3

Change in harvested timber

Change in production

To our shareholders

Precious Woods Sustainability and Transparency Report 2018

Next events

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