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Outlook for 2020

We expect harvest volumes to be about 10 % higher. The aim is to increase production and sales volume by about 15 %. Local banks will provide loans of approximately EUR 5 million, which we intend to invest in the renewal of the machinery in the forest and in the sawmill. With these measures, costs can be reduced and productivity increased, so that an even higher operating result can be expected in 2020 compared with the already good result in 2019. Our ambition continues to gain a foothold in the local Brazilian market with sustainably produced sawn wood products. We are committing substantial resources for this purpose. At the same time, we want to cultivate our long-standing clients and partnerships and intensify our activities in our traditional European, North American, and Asian markets.