Half-Year Report 2020

Precious Woods – a sustainable forest management company

Half-Year Report in detail

1 522

Revenue

in EUR million

Change in revenue +1.9 %

Increase in sales by 1.9 %

Precious Woods generated in the first half of 2020 net sales of EUR 23.1 million. This was 1.9 % above the previous year’s net sales of EUR 22.7 million. On a consolidated basis, Precious Woods Gabon achieved sales of EUR 15.8 million, 14.2 % higher than in the same period of the previous year (EUR 13.8 million). Sales in Brazil were 1.5 % lower and reached EUR 6.2 million (previous year: 6.3 million). Sales from the trade of logs and sawn timber from Europe dropped by 48.8 % to EUR 1.4 million (previous year: EUR 2.7 million).

Further information:Financial information by segment

EBITDA

in EUR million

Change in EBITDA –49.7 %

EBITDA margin of 6.7 %

Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 1.6 million (previous year: EUR 3.1 million), corresponding to a margin of 6.7 %. Earnings before interest and taxes (EBIT) reached EUR -0.4 million (previous year: EUR 1.3 million), with a margin of -1.9 %.

Further information:Consolidated statement of profit or loss

Employees

in FTE

Change in employees +0.3 %

Woman

2019

9 %

2020

9 %

Men

2019

91 %

2020

91 %

New hardwood sawmill in Bambidie

At its production site in Bambidie, Gabon, Precious Woods has commenced operations at a new sawmill to expand its processing capacities. With this expansion, Precious Woods is investing in further processing and value creation on site, enabling it to increase its export volume in the longer term.

Next events

cApril 2021	Publication Annual Report 2021
c20 May 2021	Annual General Meeting (probably)

Half-Year Report 2020

Precious Woods – a sustainable forest management company

Key figures and information

23.1 EUR million

1.6 EUR million

1 522

Revenue

in EUR million

Change in revenue +1.9 %

Increase in sales by 1.9 %

EBITDA

in EUR million

Change in EBITDA –49.7 %

EBITDA margin of 6.7 %

Employees

in FTE

Change in employees +0.3 %

Woman

Men

New hardwood sawmill in Bambidie

Next events

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