Posted October 27, 2016
Rougier Group’s 1H 2016 revenues came to Euro 78.5 million, down 9.3% from the previous year (-9.8% at constant exchange rates; no change in scope over the period), as the company said in the press release received by Lesprom Network.
In Gabon, the turnaround in forest production and plywood has been held back by insufficient levels of productivity in sawmills, which has significantly affected the structure of the results achieved.
In Cameroon and Congo, EBIT is still positive, but has been affected by a less favorable product mix faced with significant volatility in demand from the main emerging markets.
In France, the improvement in results for the Import-Distribution branch has been consolidated with diversification in terms of the products offered and customers served.
All of these factors are reflected in a marked deterioration in the Group’s operational profitability.
Following on from the second half of 2015, EBITDA (income from ordinary operations before depreciation and provisions) came to Euro 4.1 million, representing 5.2% of revenues, compared with 8.2% for the first half of 2015 and 6.4% for the second half of 2015. EBIT is slightly negative, with Euro (0.6) million.
Rougier Group is a market leader for certified African tropical timber.