Precious Woods achieved consolidated net sales of Euro 44.4 million in fiscal year 2019. This was 4.2 % below the previous year's sales (Euro 46.3 million). Currency effects amounted to 0.1%, volumes fell by 5.2%, and shifts in the price/product mix impacted sales by -1%. While no emission certificates were sold in the previous year, sales in emission certificates amounted to Euro 0.1 million in the reporting year.
Earnings before interest, taxes, depreciation and amortization (EBITDA) on a normalized basis amounted to Euro 5.9 million, which was Euro 0.8 million, or 15% higher than in the previous year (Euro 5.1 million). This corresponds to an EBITDA margin of 13.2% (previous year: 11%). With the valuation of the biomass in Brazil a one-time effect resulted and the EBITDA amounted to Euro 18.4 million.
Earnings before interest and taxes (EBIT) amounted to EUR 14 million and Euro 1.4 million on a normalized level (previous year: Euro 1.7 million). The net result was Euro 8 million and Euro -1.1 million on a normalized level (previous year: Euro -1.7 million).
Precious Woods is an international company active in the sustainable management and use of tropical forests. The company’s core activities include sustainable management of tropical forests, timber processing and the trading of FSC-certified timber products.
