Precious Woods achieved consolidated net sales of Euro 46.3 million in fiscal year 2018. This was 3% higher than in the previous year (Euro 45 million), as the company said in the press release received by Lesprom Network.
Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to Euro 5.1 million compared to Euro 8.2 million in 2017. Earnings before interest and taxes (EBIT) amounted to Euro 1.7 million (previous year: Euro 3.5 million).
The net result amounted to Euro -1.7 million (previous year Euro 1.6 million). Earnings were affected by one-off expenses of about Euro 1 million, and a margin of around Euro 3 million will only be realized in 2019.
Cash flow from operating activities reduced by Euro -0.1 million to Euro 3.3 million. The change in working capital was Euro -1.9 million. Investments in tangible fixed assets amounted to Euro 3.5 million. Cash flow from financing activities was Euro 0.9 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.
