Group results
Precious Woods Group
Declining sales and a deep crisis in the industry
Precious Woods achieved consolidated net revenues of EUR 56.4 million in the 2023 fiscal year, 14.4 % below the previous year (EUR 65.9 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR -5.1 million, or -9.1 %, a decrease of EUR 18.4 million from the previous year (EUR 13.3 million). Earnings before interest and taxes (EBIT) amounted to EUR -9.4 million, EUR 16.3 million lower than the previous year (EUR 6.9 million). The net result was EUR -12.7 million (previous year: EUR 1.0 million). The EBITDA and EBIT figures include markdowns in the valuation of biomass in the amount of EUR 2.5 million each.
| in EUR million | 2023 | 2022 | Index | Change | ||||
|---|---|---|---|---|---|---|---|---|
| Net revenues Precious Woods Group | 56.4 | 65.9 | 85.6% | –9.5 | ||||
| Net revenues Precious Woods Gabon | 34.5 | 40.1 | 86.0% | –5.6 | ||||
| Sawmills | 20.9 | 25.6 | 81.5% | –4.7 | ||||
| Net revenues Precious Woods Amazon | 14.5 | 19.2 | 75.6% | –4.7 | ||||
| Sawmills | 13.8 | 18.3 | 75.3% | –4.5 | ||||
| Net revenues Energy Biomass power plant | 1.9 | 3.7 | 50.9% | –1.8 | ||||
| Net revenues Precious Woods Trading | 6.8 | 6.6 | 104.1% | +0.3 |