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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). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 18.4 million and EUR 5.9 million on a normalized level (previous year: EUR 5.1 million). Earnings before interest and taxes (EBIT) amounted to EUR 14.0 million and EUR 1.4 million on a normalized level (previous year: EUR 1.7 million). The net result was EUR 8.0 million and EUR -1.1 million on a normalized level (previous year: EUR -1.7 million).
|in EUR million||2019||2018||Index||Change|
|Net Sales Precious Woods Group||44.4||46.3||95.8%||-2.0|
|Sawmills in Gabon||21.2||22.1||95.9%||-0.9|
|Veneer plant in Gabon||10.5||12.7||82.7%||-2.2|
|Net Sales Precious Woods Gabon||27.1||29.3||92.4%||-2.2|
|Net Sales Precious Woods Amazon||13.4||13.0||103.2%||+0.4|
|Net Sales Precious Woods Trading||3.9||4.7||84.4%||-0.7|