EBITDA

Earnings before interest, taxes, depreciation and amortization (­EBITDA) amounted to EUR 2.1 million, an increase of EUR 7.2 million over the previous year’s figure of EUR -5.1 million. This corresponds to an EBITDA margin of 4.4% (previous year: -9.1%). The appreciation of biomass in Brazil amounted to EUR 2.5 million (previous year: EUR -2.5 million), supported by a more efficient cost structure and lower capital costs.

PW Amazon recorded an EBITDA margin of 40.3% (previous year: -19.5%). The first half of the year was marked by losses due to the reduction of high-cost inventories produced in 2023. From mid-year onwards, PW Amazon returned to profitable business performance. PW Gabon achieved an EBITDA margin of 4.5% (previous year: -0.6%), with weak export sales largely offset by an increase in local log sales.

Consolidated depreciation and amortization amounted to EUR 5.9 million (previous year: EUR 4.2 million). The year-on-year increase is primarily attributable to additional amortization related to the harvest zones in Brazil. EBIT at Group level totaled EUR -3.8 million (previous year: EUR -9.4 million).