Precious Woods Gabon
Stable sales and costs
The sawmills produced a total of 13 194 m3 of sawn timber, which corresponds to a reduction of 32.6 % (previous year: 20 724 m3).
Net sales PWG
19.2
EUR million
Net sales in Gabon were only 0.7 % below the same period of the previous year, reaching EUR 19.2 million (previous year: EUR 19.3 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 1.2 million (previous year: EUR 1.3 million). The EBITDA margin was 6.4 % (previous year: 6.9 %).
Turnover was in line with expectations. For once, transport to the port by truck and rail did not cause any major problems in the first half of the year. However, the cost of fuel remained at last year’s high level. A reduction in the price of diesel was announced by the government in June and we expect it to be implemented in the second half of the year.