Annual Report 2020

Precious Woods – a sustainable forest management company

Annual Report in detail

438 600 m3

Revenues

in EUR million

Change in revenue 4.1%

Increased profitability in the sawmills and higher sales despite delivery problems in Gabon

Precious Woods achieved consolidated net sales of EUR 46.2 million in fiscal year 2020. This was 4.1 % above the previous year's sales (EUR 44.4 million).

Further information: Consolidated statement of profit or loss

EBITDA

in EUR million

Change in EBITDA -68.7%

EBITDA margin of 12.5%

Earnings before interest, taxes, depreciation and amortization (EBITDA) was EUR 5.8 million, on the normalized level of the previous year (EUR 5.9 million). This corresponds to an EBITDA margin of 12.5 % (previous year: 13.2 %).

Further information: Financial information by segment

Employees

in FTE

Change in employees 3.3%

Women

2019

9.6 %

2020

8.2 %

Men

2019

90.4 %

2020

91.8 %

Equity ratio

in EUR million

Change in equity ratio -14.6%

Net debt ratio

2019

0.7 x

2020

1.0 x

Equity ratio

2019

42.0 %

2020

35.9 %

Further information: Consolidated statement of financial position

Operating cash flow

Higher operating cash flow

Cash flow from operating activities increased by EUR 2.1 million to EUR 5.9 million. The change in working capital was EUR 1.3 million. Investments in tangible fixed assets amounted to EUR 4.0 million. Cash flow from financing activities was EUR -1.6 million.

Further information: Consolidated Statement of cash flows

Harvested timber

in m3

Change in harvested timber

2020

45 400 m3

2020

11.5 %

Change in production

2020

6 250 m3

2020

8.2 %

To our shareholders

Covid-19 rapidly spread across the globe in 2020, putting the world into a state of emergency. Precious Woods was affected in Gabon, Brazil, the Netherlands and also in Switzerland.

Precious Woods Sustainability and Transparency Report 2020

Precious Woods is taking a leading role in proving that certified and sustainable forestry must be an essential part of forest protection and that only true and honest sustainability can create shared value for all.

c27 May 2021	Annual General Meeting excluding shareholders (Covid-19)
cAugust 2021	Publication Half-Year Report 2021

Annual Report 2020

Precious Woods – a sustainable forest management company

Key figures and information

46.2 EUR million

5.8 EUR million

1 548

35.9 %

5.9 EUR million

438 600 m3

Revenues

in EUR million

Change in revenue 4.1%

Increased profitability in the sawmills and higher sales despite delivery problems in Gabon

EBITDA

in EUR million

Change in EBITDA -68.7%

EBITDA margin of 12.5%

Employees

in FTE

Change in employees 3.3%

Women

Men

Equity ratio

in EUR million

Change in equity ratio -14.6%

Net debt ratio

Equity ratio

Operating cash flow

Higher operating cash flow

Harvested timber

in m3

Change in harvested timber

Change in production

To our shareholders

Precious Woods Sustainability and Transparency Report 2020

Next events

Share the Annual Report 2020