Precious Woods Holding Ltd.

euro adhoc: Precious Woods Holding Ltd.
quarterly or semiannual financial statement
Precious Woods achieves strong first-quarter results

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3-month report

23.05.2007

Compared to the same period of the prior year, Precious Woods increased net timber sales by 13% from USD 10.3 million to USD 11.6 million. Total operating income (including the increase in value of the plantations in Central America and revenues from the sale of emission rights) rose by 19% in first quarter 2007, from USD 11.8 million to USD 14.0 million (unaudited figures). As there were no significant changes in the basis of consolidation compared with the same quarter last year, this strong performance is the result of organic growth.

First quarter net profit amounted to USD 2.5 million, compared with a net loss of USD 0.1 million incurred in first quarter 2006. The turnaround was mainly driven by improvements in Precious Woods' core business. In Brazil the completed restructuring has gained traction. The European trading company improved sales and margin partially on the back of positive price and currency effects.

From the second quarter, the minority interest acquired in March and the acquisition of two African-based companies in April will increase Group turnover by over USD 10 million per quarter as well as boost profits. Although the results of a single quarter should not be overrated, provided there are no serious setbacks or major, unexpected problems, Precious Woods can look forward to a good year in 2007. Precious Woods confirms orignal sales and profit expectations for the full year.

Precious Woods is an international company active in the sustainable management and use of tropical forests. The company's core activities include the reforestation and sustainable management of tropical forests, timber processing and the trading of FSC-certified wood products. The generation of emission rights and electricity from waste wood are further integral parts of the company's business. The shares of Precious Woods Holding have been traded on the SWX Swiss Exchange since March 2002. Further information about Precious Woods is available under www.preciouswoods.com.

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ots Originaltext: Precious Woods Holding Ltd.
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Kontakt:
Precious Woods Holding AG, Zug
Dr. Theodor Scheidegger, CFO
Tel.  41 1 245 80 10
mailto: office@preciouswoods.com

Branche: Forestry & Timber
ISIN:      CH0013283368
WKN:        982280
Index:    SPI
Börsen:  SWX Swiss Exchange / official dealing



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