Annual Report 2022

Precious Woods – a sustainable forest management company

Annual Report in detail

413 900 m3

Revenues

in EUR million

Change in revenue +21.3%

Increased sales and costs

Precious Woods achieved consolidated net sales of EUR 65.9 million in the fiscal year 2022, 21.3 % higher than the previous year (EUR 54.3 million).

Further information:Consolidated statement of profit or loss

EBITDA

in EUR million

Change in EBITDA -11.5%

EBITDA margin of 20.2%

Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 13.3 million, or 20.2 %, a decrease of EUR 1.8 million from the previous year (EUR 15.1 million).

Further information: Financial information by segment

Employees

in FTE

Change in employees -1.3%

Women

2021

7.3 %

2022

7.3 %

Men

2021

92.7 %

2022

92.7 %

Equity ratio

in EUR million

Change in equity ratio -2.4%

Net debt ratio

2021

0.9 x

2022

0.9 x

Equity ratio

2021

37.8 %

2022

36.9 %

Further information: Consolidated statement of financial position

Operating cash flow

Higher operating cash flow

Cash flow from operating activities increased by EUR 0.3 million to EUR 6.3 million. The change in working capital was EUR -2.7 million. Investments in tangible fixed assets amounted to EUR 5.5 million. Cash flow from financing activities was EUR -0.3 million.

Further information: Consolidated statement of cash flows

Harvested timber

in m3

Change in harvested timber

2022

+19 900 m3

2022

+5.1 %

Change in production

2022

+3 400 m3

2022

+3.6 %

To our shareholders

Precious Woods was able to increase sales by 21.3% to EUR 65.9 million in 2022. This was due to increased production volumes, internal effects, and higher sales prices for our sawn timber products.

Sustainability and Transparency Report 2021 – Update 2022

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.

c17 May 2023	Annual General Meeting
cAugust 2023	Publication Half-Year Report 2023

Annual Report 2022

Precious Woods – a sustainable forest management company

Key figures and information

65.9 EUR million

13.3 EUR million

1 539

36.9 %

6.3 EUR million

413 900 m3

Revenues

in EUR million

Change in revenue +21.3%

Increased sales and costs

EBITDA

in EUR million

Change in EBITDA -11.5%

EBITDA margin of 20.2%

Employees

in FTE

Change in employees -1.3%

Women

Men

Equity ratio

in EUR million

Change in equity ratio -2.4%

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

Sustainability and Transparency Report 2021 – Update 2022

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