Feb 01, 2016. /Lesprom Network/.
The Precious Woods Group has reached all of its goals for 2015. Sales growth
at constant exchange rates was 9.5% and it concluded the 2015 business year with
positive earnings before income and taxes (EBIT) of $1.1 million. In terms of
EBIT, this means an improvement of $5.2 million over the previous year, as the
company said in the press release received by Lesprom Network.
This gratifying result was achieved through operational improvements in
both countries and at all levels. Free cash flow improved again significanty.
FY 2015 net sales were $44.4 million, compared to $47.1 million in 2014.
Precious Woods is one of the leading companies in sustainable management
of tropical forests globally. The group was founded in 1990 with its
headquarter based in Switzerland.
