Outlook

As expected, the financial year is still heavily impacted by last year’s crisis. The low global demand for timber in the construction supply industry is unlikely to recover significantly in the second half of the year, even though a turnaround in interest rates is slowly becoming apparent. However, we expected this situation and, with the restructuring now completed, our aim remains to increase profitability in the second half of the year and close the financial year with a neutral operating result. It is now important to leverage the adjusted cost structures efficiently and to keep our core activities and liquidity stable. It will also be essential to generate the necessary incoming orders so that we can already plan capacities for the coming year. Last but not least, refinancing efforts remain the key element in securing the company’s successful future.

On behalf of the Board of Directors and Management

Markus Brütsch

Chairman of the Board of Directors

Fabian Leu

co-CEO / CTO

Markus Pfannkuch

co-CEO / CSO

Richard Meister

CFO