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Annual Report 2024
Annual Report 2024
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Annual Report 2024
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Table of contents for the Annual Report 2024 report

Operational review
Key FiguresPrecious Woods at a glanceTo our shareholdersHighlights in 2024Strategy and business model
VisionStrategy, business model and added valueMarket characteristicsMarket trends
Group results Precious Woods Group
PW Group
Increased efficiency secures operating resultPrice and product mix weigh on salesRobust cost structureEBITDAImproved financial resultBalance SheetStable cash flowOutlook for 2025
PW AmazonPW GabonPW TradingPW Carben
Precious Woods – sustainability in practiceCorporate Governance
1. Group structure and shareholders2. Capital structure3. Board of Directors4. Group Management5. Compensation, shareholdings, loans6. Shareholders’ rights of participation7. Changes of control and defense measures8. Auditor9. Information policy
Financial Report
Precious Woods Group financial statements
Consolidated statement of profit or lossConsolidated statement of comprehensive incomeConsolidated statement of financial positionConsolidated statement of changes in equityConsolidated statement of cash flowsNotes to the consolidated financial statements
1. Basis of presentation, consolidation and general accounting policies2. Financial risk management3. Financial information by segment4. Revenue from contracts with customers5. Consumables used and other production costs6. Personnel expenses7. Other operating income and expenses8. Depreciation, amortization and impairment9. Financial income and expenses10. Property, plant and equipment11. Biological assets12. Intangible assets and goodwill13. Investment in associates14. Non current loans and investments15. Inventories16. Prepaid expenses17. Trade and other receivables18. Trade and other payables19. Financial liabilities, other than trade and other payables20. Financial instruments by category and fair value hierarchy21. Leasing22. Share capital23. Major shareholders24. Earnings per registered voting share25. Related party balances and transactions26. Provisions27. Contingencies28. Income taxes29. Employee benefits30. Currency translation rates31. Basis of consolidation32. Subsequent events33. Approval of financial statements and dividends
Report of the statutory auditor on the consolidated financial statements
Precious Woods Holding Ltd financial statements
Balance sheetIncome statementNotes to the financial statements
Essential accounting and valuation principles1. General2. Ordinary capital increase3. Authorized capital band4. Conditional share capital5. Treasury shares6. Investments7. Board and Executive compensation8. Depreciation, amortization and impairment9. Pledged assets / other securities10. Full time equivalents11. Lease liabilities12. Liabilities to pension funds13. Significant events after balance sheet date
Proposal for the carry forward of the accumulated losses
Motion of Board of Directors
Report of the statutory auditor on the financial statements
Additional information
Contact addresses
Precious Woods in EuropePrecious Woods in BrazilPrecious Woods in Central Africa
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Precious Woods – sustainability in practice

Precious Woods is one of the world’s leading companies in the sustainable management of tropical rainforests. Certified by FSC and PEFC, we ensure environmental, social and economic sustainability throughout the entire value chain – from forest management to timber processing and trade.

Precious Woods manages approximately 7% of the world’s FSC-­certified tropical forest areas, maintaining its position as a pioneer in responsible timber management. In addition to sustainable forestry, Precious Woods invests in education, occupational safety, and healthcare for employees and local communities. Partnerships with universities further support research and training. Through these efforts, we actively contribute to the UN Sustainable Development Goals (SDGs), particularly by protecting biodiversity and supporting local communities.

Precious Woods employs selective timber harvesting, extracting only one to three trees per hectare in cycles of 25 to 35 years to ensure forest regeneration. Its certified management practices prevent deforestation and create local jobs. Annual independent audits confirm that these methods do not harm the ecosystem but actively preserve it. By utilizing over 60 tropical tree species for the construction, garden, and furniture industries, Precious Woods also helps to prevent the overexploitation of individual species.

The deforestation of tropical forests accounts for approximately 11% of global greenhouse gas emissions. Sustainable forest management reduces CO₂ emissions from the forestry sector while reinforcing the role of forests as carbon sinks. Additionally, we are actively engaged in the development of CO₂ compensation projects.

Further information can be found in the sustainability report on our website.

Key figures Social 2024 (2023)

DP_KF_employees

Number of employees total (yearly-Ø): 1 027 (1 259)

DP_KF_women

Women in %: 7.6% (8.2%)

DP_KF_accidents

Accidents at work: 88 (143)

DP_KF_men

Men in %: 92.4% (91.8%)

DP_KF_fluctuation

Fluctuation in %: 5.9% (5.2%)

Key figures Economic 2024 (2023)

DP_KF_SUS_forestArea

Forest area: 1 169 700 (1 169 700)

DP_KF_SUS_co2Emissions

CO2 Emissions: 11 000 (12 300)