Precious Woods Amazon
Increase in sales and productivity
The production volume in the first half-year was 20 900 m3 of sawn timber, 20.9% higher than in the previous year (17 286 m3). The sawmill lines have been fully expanded, and the storage facilities have been enlarged. Towards the end of June, we reduced operations for 20 days because we had to wait for further supply of logs from the new harvest.
Net sales PWA
8.8
EUR million
Net sales were 19.5% above the previous year, reaching EUR 8.8 million (previous year: EUR 7.4 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 2.7 million, a decline of EUR 0.5 million (previous year: EUR 3.2 million). This resulted in an EBITDA margin of 30.4% (previous year: 43.2%). This margin reduction was caused by the high cost increases for personnel and operating resources as well as the exchange rate effect.
Sales on the local market amounted to EUR 1.8 million, EUR 0.4 million higher than in the previous year. Although prices are below export levels, sales are profitable given the higher yield. Harvesting activity resumed in June, despite persistent heavy rainfall.