Precious Woods Increased Net Sales 4.1% in 2020
Precious wood achieved a consolidated net turnover of 46.2 million euros in fiscal year 2020. This figure is 4.1% higher than the turnover of the previous year (44.4 million d ‘euros).
Profit before interest, taxes and depreciation (EBITDA) amounted to 5.8 million euros and corresponds to the normalized level of the previous year (5.9 million euros). This corresponds to an EBITDA margin of 12.5% (previous year: 13.2%). The valuation of biomass in Brazil gave rise to a one-off effect the previous year, and we recorded an EBITDA of 18.4 million euros (normalized: 5.9 million euros).
Profit before interest and taxes (EBIT) amounted to 1.9 million euros, or 0.5 million euros more than the previous year (1.4 million euros).
The net loss amounted to 2.2 million euros compared to a loss of 1.1 million euros the previous year. The loss in the first half could not be made up, but we consider the result to be satisfactory given the difficult market situation. The net result with one-off effects amounted to € 8 million in 2019.
Precious Woods is an international company active in the sustainable management and use of tropical forests. The main activities of the company include the sustainable management of tropical forests, wood processing and the trade in FSC certified wood products.