Group results

Precious Woods Group

Increased sales and costs

Precious Woods achieved consolidated net sales of EUR 65.9 million in the 2022 fiscal year, 21.3 % higher than the previous year (EUR 54.3 million). 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). Earnings before interest and taxes (EBIT) amounted to EUR 6.9 million, EUR 3.8 million lower than the previous year (EUR 10.7 million). The net result was EUR 1.0 million (previous year: EUR 4.7 million). The EBITDA and EBIT figures include increases in the valuation of biomass in the amounts of EUR 4.1 million each. Provisions for restructuring measures in the amount of EUR 0.4 million at the EBITDA level and in the amount of EUR 2.3 million at the EBIT level are recognized.