Precious Woods Amazon
Decline in sales and productivity
The production volume in the first half-year was 16 496 m3 of sawn timber, 21.1 % lower than in the previous year (20 900 m3). Since the end of the previous year, we have alternately shut down parts of the sawmill lines and furloughed employees. Although sufficient logs have been available again since July, we have maintained this status quo due to a lack of demand.
Net sales PWA
8.4
EUR million
Net sales were 4.3 % below the previous year, reaching EUR 8.4 million (previous year: EUR 8.8 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 1.1 million, a decline of EUR 1.5 million (previous year: EUR 2.7 million). This resulted in an EBITDA margin of 13.5 % (previous year: 30.4 %). 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 2.2 million, EUR 0.4 million higher than in the same period of the previous year. Although prices are below export levels, the higher yield makes this contribution possible. In June, it was possible to start transporting the uncollected harvest from the previous year. Harvesting activity will be possible only with a delay in September 2023, given that the harvest volumes were reduced.