PW Amazon

Restructuring shows positive effects

The PW Amazon segment generated net revenues of EUR 10.2 million in the 2024 fiscal year (previous year: EUR 14.5 million) and achieved a positive EBITDA of EUR 4.1 million (previous year: EUR -2.8 million). This resulted in a positive EBIT of EUR 2.0 million (previous year: EUR -3.7 million). The improved result reflects the impact of the restructuring initiated in 2023.

In the reporting year, MIL Madeiras Preciosas (MIL) delivered 117 210 m³ of logs from sustainable forest management for production, representing an increase of 35.5% compared to the previous year (86 516 m³). The sawmill processed 92 494 m³ of logs (previous year: 132 708 m³) into 22 809 m³ of sawn timber (previous year: 28 417 m³) and sold 23 183 m³ of sawn timber (previous year: 31 352 m³) as well as 55 656 m³ of biomass (previous year: 51 589 m³).

The restructuring initiated at the end of 2023 in response to the challenging market conditions led to a 19.7% decline in production. Despite this and a 29.4% drop in net revenues, EBIT improved by 5.8 million, confirming the positive impact of the cost-saving measures.

In the first half of 2024, inventory reductions were carried out, which improved liquidity but negatively impacted results for that period. However, the second half of the year saw consistently positive results. This, combined with expectations of an improved – though still subdued – market environment, gives MIL reason for an optimistic outlook for 2025.