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Precious Woods Amazon

Increase in productivity and profitability

The production volume in the first half-year was 17 286 m3 of sawn timber and thus 15.6% higher than in the previous year (14 953 m3). The sawmill lines were expanded and the harvest volumes increased. The increase in production in the first half of the year occurred despite the fact that not all of the log volume from the previous year’s harvest was available and no work was possible in the month of June.

Net sales PWA

7.4

EUR million

Net sales were 19.0% above the previous year, reaching EUR 7.4 million (previous year: EUR 6.2 million). Earnings before interest, tax, depreciation and amortization (EBITDA) amounted to EUR 3.2 million, representing an improvement of EUR 1.7 million (previous year: EUR 1.5 million). This resulted in an EBITDA margin of 43.2% (previous year: 24.5%).

Sales on the local market amounted to EUR 1.3 million, slightly higher than in the previous year. Although prices are below export levels, sales are profitable given the higher yield. In June, harvesting activities were resumed and the 29 000 m3 of logs from the previous year were fed into the sawmill.