Menu

Half-Year Report 2020
Half-Year Report 2020
Open report

Language

Leave

Report switcher allows selecting another report from a different reporting period

Half-Year Report 2020
  • Annual Report 2024
  • Half-Year Report 2024
  • Annual Report 2023
  • Half-Year Report 2023
  • Annual Report 2022
  • Half-Year Report 2022
  • Annual Report 2021
  • Half-Year Report 2021
  • Annual Report 2020
  • Half-Year Report 2020
  • Annual Report 2019
  • Half-Year Report 2019
  • Annual Report 2018
  • Half-Year Report 2018
  • Annual Report 2017
  • Half-Year Report 2017
  • Index
  • Search

Table of contents for the Half-Year Report 2020 report

Half-Year Report 2020
Group results
Precious Woods HoldingPrecious Woods GabonPrecious Woods AmazonPrecious Woods TradingCarbon & EnergyOutlook
Interim condensed consolidated financial statements
Consolidated statement of profit or lossConsolidated statement of comprehensive incomeConsolidated statement of financial positionConsolidated 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
We found 0 search results

No search results. Please enter a different search term.

Precious Woods Gabon

Lower margins with higher sales

The sawmills produced a total of 19 269 m3 of sawn timber, corresponding to an increase of 0.7 % (previous year: 19 143 m3). Production volume at the veneer plant fell by 3.7 % to 11 082 m3 (previous year: 11 504 m3). As in the previous year, maintenance work in the sawmills was carried out in May. The volume reduction in the veneer plant was due to a 4-week interruption of operations.

Net sales PWG

15.8

EUR million

Net sales were 14.2 % above the same period of the previous year, reaching EUR 15.8 million (previous year: EUR 13.8 million). The operating result (EBITDA) was EUR 1.0 million (previous year: EUR 2.6 million). The operating profit margin was 6.2 % (previous year: 18.7 %).

The result was again strongly negatively impacted by political and logistical difficulties. Strikes by customs officials and/or the forestry authority made delivery practically impossible. This, and the impact of Covid-19, meant that the supply of replacement material from Europe for our operations, but also of individual components for the new hardwood sawmill, was not ensured. This consequently led to increased downtimes in production as well as in quality loss of the sawn timber, which was reflected in a lower sales price.