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Outlook

It is especially difficult to formulate a reliable outlook for this year as a whole. We have expanded production capacity, and the new sawmill in Gabon will be fully operational in the second half of the year. The course has been set for an increase in productivity and profitability. We cannot predict how the market will develop or what further restrictions to expect. From today’s perspective, we nevertheless expect an increase in sales and also profitability compared to the first half of the year.

We are currently involved in the process of establishing a joint venture for veneer production in Gabon. This will enable us to continue to operate this component of our business successfully and to be part of a value chain in Europe. At the same time, we are investing in technology, with the aim of increasing yield and reducing costs.

Conditional and authorized capital is at our disposal to finance larger projects or to take advantage of opportunities at short notice.

On behalf of the Board of Directors and Management

Katharina Lehmann Markus Brütsch

Chairwoman of the Board of Directors CEO / CFO, Delegate of the Board of Directors