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Precious Woods Holding Ltd.

euro adhoc: Precious Woods Holding Ltd.
Earnings Forecast
Lower Growth of Revenue, Reduced Profit in Third Quarter of 2008

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
16.10.2008
Total consolidated revenue of the Precious Woods Group increased by 
USD 28 million to USD 91.5 million in the third quarter. This 
corresponds to a growth rate of 37% over the first nine months, 
compared to last year. After elimination of currency effects, growth 
rate results in 20%.
Sales in Europe, where Precious Woods has its most important markets,
resulted lower than expected. Sawn timber sales suffered the most by 
the reduced demand. The market for prime round wood and veneer 
maintained its volume. Due to operational problems at the veneer 
plant the company in Gabon did not reach the expected sales figure. 
Sales prices for all these product lines, however, could be kept on 
the prevailing levels in most markets.
Revenue from timber and energy sales in Brazil was consistent with 
expectations; the same applies for revenues in Central America. The 
volume and the price for Carbon Emission Rights were considerably 
higher compared to last year.
Due to lower sales of sawn timber in Holland, lower output with high 
production costs at the veneer plant in Gabon, as well as the 
generally difficult market situation, Precious Woods will not achieve
the earlier communicated results for the year 2008.
Precious Woods will publish the third quarter result in the first 
half of November together with detailed figures for the different 
businesses.
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. 
The generation of emission rights and electricity from recovery wood 
represent further integral elements 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 at www.preciouswoods.com.
end of announcement                               euro adhoc

Further inquiry note:

Patrick Mauron
Head of Corporate Communication
Precious Woods Holding Ltd.
Militärstrasse 90
CH-8021 Zürich
Tel.: +41 44 245 81 20
E-Mail: patrick.mauron@preciouswoods.com

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

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