August 26, 2016
Rougier is reporting Euro 79.3 million in revenues for the first half of 2016, down 8.5% year-on-year. While the second quarter’s revenues show a solid performance of Euro 43.5 million, this is still lower than the 2Q 2015, which had been particularly high with Euro 47.6 million, as the company says in the press release received by Lesprom Network.
In a highly volatile environment, the Rougier Afrique International branch recorded contrasting business trends over the first half of this year. In Cameroon and Congo, sales were temporarily limited as a result of weak demand from Asian markets, which has led to increased competition across all the markets. In Gabon, revenues are up from the previous year.
Growth for the France Import-Distribution branch has been driven by the strengthening of its product ranges and the diversification of its customer base.
The first half of 2016 was affected by weak demand on several markets in Asia, particularly China, and the Americas, as well as highly volatile levels of demand in the Middle East and North Africa. These developments have been partially offset by the dynamic performance for sales in Europe and certain sub-Saharan African countries.
Founded in 1923, the Rougier Group is a market leader for certified African tropical timber. The Group has three core business lines: Rougier Afrique International (natural forest harvesting, industrial processing and international trade), Importing and distribution in France of timber from all origins (including Rougier Sylvaco Panneaux) and Plantations (research, management and investment in industrial forest plantations in Africa).