Brazil

Precious Woods Amazon – operational progress despite pandemic and restrictions

PW Amazon achieved net sales of EUR 13.4 million, the same as the previous year. Export sales decreased by 8.3 %, revenues in the local market increased by 21.9 %, and sales from deliveries of biomass to the energy plant were 7.3 % lower than in the previous year. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 4.2 million (previous year: EUR 2.8 million), corresponding to a margin of 31.5 % (previous year: 22.3 %). Earnings before interest and taxes (EBIT) amounted to EUR 3.5 million (previous year: EUR 1.7 million). This corresponds to an increase of EUR 1.8 million over the previous year. All figures are compared with the normalized previous-year figures, given that one-time effects in connection with the initial valuation of biomass influenced the result in 2019.