Brazil

Precious Woods Amazon – positive development

PW Amazon’s net sales amounted to EUR 13.4 million, 3.2 % above the previous year’s figure of EUR 13.0 million. Export sales increased by 0.6 %, and the sales from deliveries of biomass for the energy plant were 17.4 % higher than in the previous year. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 16.4 million and on a normalized level EUR 2.8 million (previous year: EUR 1.6 million), corresponding to a margin of 22.3 % (previous year: 12.4 %). Earnings before interest and taxes (EBIT) amounted to EUR 15.3 million and on a normalized level EUR 1.7 million (previous year: EUR 1.2 million). This corresponds to an increase of EUR 0.5 million over the previous year period. This result includes one-off charges of EUR 0.4 million due to the delayed release of the last 19 containers that had been blocked since 2018 and one-time effect of the valuation of the biomass of EUR 13.5 million.