Brazil
Precious Woods Amazon
Business performance impacted by poor market situation
PW Amazon achieved net revenues of EUR 14.5 million, 24.4 % lower than the previous year (EUR 19.2 million) and at the same level as in 2021. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR -2.8 million (previous year: EUR 8.9 million), corresponding to a margin of -19.5 % (previous year: 46.6 %). Earnings before interest and taxes (EBIT) amounted to EUR -3.7 million (previous year: EUR 8.3 million). This sharp reduction compared to the same period of the previous year is due to the value correction of biomass and a slump in the market for Brazilian wood species in mid-2023. EBITDA and EBIT in the 2023 fiscal year include an adjustment to the value of biomass in the amount of EUR -2.5 million (previous year: EUR 4.1 million).
| in EUR million | 2023 | 2022 | Index | Change | ||||
|---|---|---|---|---|---|---|---|---|
| Net revenues | 14.5 | 19.2 | 75.6% | –4.7 | ||||
| EBITDA | –2.8 | 8.9 | –31.7% | –11.8 | ||||
| EBIT | –3.7 | 8.3 | –44.4% | –12.0 |