Posted October 5, 2017
The Rougier Group’s revenues for the first half of 2017 came to Euro 76 million, down 3% year-on-year. Rougier’s 1H 2017 EBITDA increased by 5.5% to Euro 4.2 million, as the company said in the press release received by Lesprom Network.
Earnings are higher than for the first half of 2016 despite the contraction in revenues. Income from ordinary operations broke even, up Euro 0.4 million from last year.
EBIT improved to Euro 2.7 million, compared with a Euro (0.6) million loss for the first half of 2016. More specifically, these factors in the capital gain recorded by the holding company during the first half of 2017 on the sale of an investment property in France for Euro 3.3 million.
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).