Nevertheless, more intense competition and a less favorable species-product mix have affected margins, which have also been impacted by additional operational costs linked to a drop in logistical and industrial efficiency in Africa.
Overall, these trends are reflected in a deterioration in operational profitability for Rougier. EBITDA came to Euro 12.1 million, representing 7.4% of 2015 revenues, compared with 9.6% in 2014.
Income from ordinary operations totaled Euro 2.9 million in 2015, compared with Euro 7 million in 2014.
EBIT is positive, coming in at Euro 1 million and 0.6% of revenues, versus 3.8% last year. For 2015, it includes Euro 1.5 million of write-downs for impairments of fixed assets in Gabon.
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).
