Annual Report 2021

Precious Woods – a sustainable forest management company

Annual Report in detail

394 000 m3

Revenues

in EUR million

Change in revenue 17.6%

Increased sales and profitability

Precious Woods achieved consolidated net sales of EUR 54.3 million in the fiscal year 2021. This was 17.6 % above the previous year’s sales (EUR 46.2 million).

Further information: Consolidated statement of profit or loss

EBITDA

in EUR million

Change in EBITDA +161.2%

EBITDA margin of 27.7%

Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 15.1 million, or 27.7 %, an increase of EUR 9.3 million over the previous year (EUR 5.8 million).

Further information: Financial information by segment

Employees

in FTE

Change in employees -0.5%

Women

2020

8.2 %

2021

7.3 %

Men

2020

91.8 %

2021

92.7 %

Equity ratio

in EUR million

Change in equity ratio +5.4%

Net debt ratio

2020

1.1 x

2021

0.9 x

Equity ratio

2020

35.9 %

2021

37.8 %

Further information: Consolidated statement of financial position

Operating cash flow

Higher operating cash flow

Cash flow from operating activities increased by EUR 0.1 million to EUR 6.0 million. The change in working capital was EUR -5.4 million. Investments in tangible fixed assets amounted to EUR 2.3 million. Cash flow from financing activities was EUR -4.3 million.

Further information: Consolidated Statement of cash flows

Harvested timber

in m3

Change in harvested timber

2021

-44 600 m3

2021

-10.2 %

Change in production

2021

10 209 m3

2021

12.3 %

To our shareholders

Precious Woods can look back on a successful and eventful year 2021. Increases in sales and revenue led to the financial successes we present in detail in the annual report.

Precious Woods Sustainability and Transparency Report 2021

Precious Woods plays a leading role in proving that certified and sustainable forestry must be an essential part of protecting our world's forests and that only real and honest sustainability can create shared value for all.

The PW-CEB Cultural Center

For the past four years, the PW-CEB Cultural Centre has been welcoming the people of Camp Bambidie, providing access to a library, computers, cultural activities and organizing events for the public

c19 May 2022	Annual General Meeting
cAugust 2022	Publication Half-Year Report 2022

Annual Report 2021

Precious Woods – a sustainable forest management company

Key figures and information

54.3 EUR million

15.1 EUR million

1 540

37.8 %

6.0 EUR million

394 000 m3

Revenues

in EUR million

Change in revenue 17.6%

Increased sales and profitability

EBITDA

in EUR million

Change in EBITDA +161.2%

EBITDA margin of 27.7%

Employees

in FTE

Change in employees -0.5%

Women

Men

Equity ratio

in EUR million

Change in equity ratio +5.4%

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 2021

The PW-CEB Cultural Center

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