Apr 26, 2012. /Lesprom Network/. The Precious Woods Group reviewed its sales strategy at the end of 2011 and decided to centralize the sales organization in Switzerland from the beginning of 2012. The Precious Woods achieved sales of around $69 million in 2011, as the Group said in a press release received by Lesprom Network. On a comparable basis – i.e. without Precious Woods Central America (PWCA), which has been classified as a “discontinued operation“ following the partial divestment – this figure is almost in line with the previous year’s level. At - $2.1 million in 2011, the operating result (EBITDA) is within the range communicated in November 2011. Compared to the previous year (on a like-for-like basis), this equates to an improvement of $7.7 million. At - $41.5 million, total results from continuing operations improved substantially, by $30.2 million year-on-year, despite the net negative impact of - $14.5 million resulting from the partial divestment of PWCA and its consequent treatment as a discontinued operation. In summary, the 2011 reporting year saw major steps towards economic sustainability. In 2012, Precious Woods looks set to post positive EBITDA for the first time in a considerable period. Precious Woods is an international company active in the sustainable management and use of tropical forests. The company’s core activities include reforestation and sustainable management of tropical forests, timber processing and the trading of FSC-certified timber products.