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Table of contents for the Half-Year Report 2019 report

Half-Year Report 2019
Group results
Precious Woods HoldingPrecious Woods GabonPrecious Woods AmazonPrecious Woods TradingCarbon & EnergyOutlook
Interim condensed consolidated financial statements
Consolidated statement of financial positionConsolidated statement of profit or lossConsolidated statement of comprehensive incomeConsolidated statement of changes in equityCondensed consolidated statement of cash flowsNotes to the interim condensed consolidated financial statements
1. Basis of presentation and accounting policies2. New or revised IFRS standards, amendments and interpretations3. Seasonality4. Financial information by segment5. Subsequent events
Additional information
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Precious Woods Amazon

Increase in productivity and profitability

The production volume in the first half-year was 15 873 m3 of sawn timber, 34.3 % higher than in the previous year (11 816 m3). The production flow was again optimized, and deliveries were made on a continuous basis.

Net sales were 28.7 % above the previous year and reached EUR 6.3 million (previous year: EUR 4.9 million). Operating profit (EBITDA) amounted to EUR 1.2 million, representing an improvement of EUR 0.8 million (previous year: EUR 0.4 million). This resulted in an operating profit margin of 19.3 % (previous year 8.4 %).

The harvest was resumed already in June. In addition, the forest inventory process – which previously had been outsourced – was established internally. For this purpose, we recruited and trained an additional 35 employees.