Gabon
Precious Woods Gabon
Market-driven decline in production and sales
PW Gabon generated net revenues of EUR 34.5 million (previous year: EUR 40.1 million), corresponding to a decrease of 14.0 % from the previous year. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR -0.2 million (previous year: EUR 5.7 million). The EBITDA margin was -0.6 % (previous year: 14.2 %). Earnings before interest and taxes (EBIT) amounted to EUR -3.4 million (previous year: EUR 0.4 million). This corresponds to a margin of -10.0 % (previous year: 0.9 %). While the change of government had no discernible impact, the market downturn with a low point in mid-2023 was the main factor behind the negative result. As a consequence, the scope of the restructuring at PW Gabon was expanded and activities were further reduced, but this will not have an impact until 2024. Sales of logs to the CPL veneer plant are consolidated, but sales of veneer are made through the holding company and are credited to the PW Gabon segment.
| in EUR million | 2023 | 2022 | Index | Change | ||||
|---|---|---|---|---|---|---|---|---|
| Net revenues | 34.5 | 40.1 | 86.0% | –5.6 | ||||
| EBITDA | –0.2 | 5.7 | –3.4% | –5.9 | ||||
| EBIT | –3.4 | 0.4 | –938.6% | –3.8 |