Outlook for 2023

After deciding to focus on harvesting fewer wood species in 2022, our focus is now on processing Okoumé and Azobé. We expect a higher yield and higher production volumes in 2023. Further improvements in production processes will be implemented, which should reduce costs. Similar annual harvest volumes are planned as in 2022. We are also planning initial investments in vertical integration. We expect the delivery situation to improve slightly. However, we anticipate increased transport costs due to the restrictions in rail transport. Market prices have decreased only slightly so far, and we are confident that this will not change much, given the expected increase in worldwide demand for wood. Shipping costs have now fallen strongly. This encourages our customers to import more wood from remote regions again.