Increased efficiency secures operating result

Precious Woods generated consolidated net revenues of EUR 47.7 million in the 2024 fiscal year (previous year: EUR 56.4 million). EBITDA amounted to EUR 2.1 million (previous year: EUR -5.1 million). EBIT totaled EUR -3.8 million (previous year: EUR -9.4 million) and the net result was EUR -4.9 million (previous year: EUR -12.7 million).

At the beginning of the 2024 fiscal year, the effects of the 2023 crisis persisted, requiring an adjustment of business activities to lower production volumes. The focus also shifted to the targeted reduction of produced inventories and the release of liquidity. In the second half of the year, the Group’s manufacturing companies began generating positive operating results on a monthly basis, driven by targeted restructuring measures. This improvement occurred despite the continued absence of a clear market recovery in terms of prices and volumes, with total sales remaining below the previous year’s level. To strengthen the Group’s financial stability, a capital increase was carried out in December 2024, with a large majority of shareholders approving the conversion of loans into equity totaling CHF 43.5 million. This successfully achieved the goal of strengthening the balance sheet over the long term and significantly reducing external debt.