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Group results

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