Precious Woods achieved consolidated net sales of Euro 46.2 million in fiscal year 2020. This was 4.1% above the previous year's sales (Euro 44.4 million).
Earnings before interest, taxes, depreciation and amortization (EBITDA) was Euro 5.8 million and corresponds to the normalized level of the previous year (Euro 5.9 million). This corresponds to an EBITDA margin of 12.5 % (previous year: 13.2 %). The valuation of biomass in Brazil gave rise to a onetime effect in the previous year, and we reported an EBITDA of Euro 18.4 million (normalized: Euro 5.9 million).
Earnings before interest and taxes (EBIT) amounted to Euro 1.9 million, Euro 0.5 million higher than the previous year (Euro 1.4 million).
The net loss was Euro 2.2 million compared with a loss of Euro 1.1 million in the previous year. The loss in the first half year could not be made up, but we consider the result to be satisfactory in light of the difficult market situation. The net result with one-time effects was Euro 8 million in 2019.
Precious Woods is an international company active in the sustainable management and use of tropical forests. The company’s core activities include sustainable management of tropical forests, timber processing and the trading of FSC-certified timber products.
