PW Trading

Stable trading activities in a challenging market environment

The Trading segment reported net revenue of EUR 2.5 million in the first half of 2025 (previous year: EUR 1.9 million) and EBIT of EUR 0.2 million (previous year: EUR -0.3 million).

Net sales from trading in roundwood and sawn timber from Europe and sawn timber from Gabon amounted to EUR 2.5 million, exceeding the level of the same period last year (previous year: EUR 1.9 million). The EBIT margin was 9.1 % (previous year: -14.7 %).

The Asian market, which is important for the sale of European roundwood, remains heavily impacted by the ongoing construction loan crisis and trade policy uncertainties. However, the trading business continues to generate attractive margins. Although the aforementioned uncertainties affected planned sales volumes in the first half of the year, this business segment will continue to be promoted.

The warehouse stock in the Netherlands was successfully reduced to the target level, resulting in lower storage costs.