Timberlands

Precious Woods achieved net revenues of Euro 47.7 million in the 2024 fiscal year compared to Euro 56.4 million in 2024. EBITDA improved to Euro 2.1 million (previous year: Euro -5.1 million).

The new entity, EFM Sojitz Management, LLC, will manage the fund and aims to raise approximately $200 million, with initial participation expected from Sojitz, Fuyo General Lease Co., Ltd. and other global investors.

Adjusted EBIT increased, for the fourth consecutive quarter compared year-on-year, to Euro 175 million. Adjusted EBIT margin increased to 7.4%.