Precious Woods achieved consolidated net sales of Euro 45 million in fiscal year 2017. This was 8.9% higher than in the previous year (Euro 41.3 million). This was achieved primarily through a 10% increase in sales volumes. The impact of the price/product mix and currencies was only -0.4%, as the company says in the press release received by Lesprom Network.
Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to Euro 8.2 million, which was Euro 1.3 million, or 19.2 % above the previous year (Euro 6.9 million).
This corresponds to an EBITDA margin of 18.2% (previous year: 16.7%). While the operational contribution improved by Euro 3.7 million, other costs and income rose by Euro 2.3 million.
Earnings before interest and taxes (EBIT) amounted to Euro 3.5 million, more than twice as high as in the previous year (Euro 1.6 million).
The net result amounted to Euro 1.6 million, which represents an increase of Euro 4.4 million (previous year: Euro -2.8 million).
Precious Woods is one of the leading companies in sustainable management of tropical rainforests globally and is regarded as a pioneer in many areas.
