Posted November 17, 2016
Rougier is reporting Euro 111.8 million in revenues for the first nine months of 2016, down 8.7% year-on-year. 3Q revenues came to Euro 33.3 million, contracting 7.2% from the previous year, as the company said in the press release received by Lesprom Network.
Following on from the first half of the year, the Rougier Afrique International branch's sales for the 3Q are down 9.5% from the previous year. Business over the quarter was affected primarily by the weak level of sales from Cameroon, faced with the slowdown in demand from the main emerging countries, as well as the significant disruption in Gabon in September due to the uncertain environment following the presidential elections.
The Import-Distribution France branch achieved 4.7% sales growth for the 3Q. This progress has been supported by the diversification in terms of the products offered and customers served in a French market that is gradually improving.
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).