Precious Woods Holding Ltd.

euro adhoc: Precious Woods Holding Ltd.
Earnings Forecast
Slower growth of revenues and reduced profit

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9-month report


The crisis in the financial markets in recent months has increasing effects on the real economy. Total operating income of the Precious Woods Group in the third quarter increased as a result of acquisitions by USD 24,9 million to USD 91.8 million which was below expectations. Profit from operating activities decreased from USD 6.9 million to 2.6 USD million.

The consolidated group result for the end of September showed a profit of USD 1.1 million. The unfavourable development with a net loss of USD 2.7 million in the third quarter is caused mainly by unresolved technical problems in the veneer factory in Gabon, in addition to negative currency effects and a considerable drop of sales of Precious Woods Europe. The group management, together with the subsidiaries, has already initiated a comprehensive package of measures. The positive effects, however, will not be noted before the first quarter 2009.

Statement of Income

in USD millions                                        30.09.2008         30.09.2007
Net revenue from trading sales                         83.3                  59.1
Total operating income                                      91.8                  66.9
Gross profit                                                      19.4                  16.6
Profit from operating activities                        2.6                    6.9
Net income after minority interest                    1.1                    6.6

Sales in Brazil in the wood and energy segments as well as the total revenue in Central America were according to expectations. Sales of emission rights showed a positive development. In mid-October 2008 Precious Woods Gabon received FSC certification (Forest Stewardship Council) for its forestry activities. This means that the entire forest area of Precious Woods totalling over 1.1 million ha is now FSC certified.

Conference call for analysts, investors and media - Nine month results 2008

The telephone conference will be conducted by Andreas Heusler (CEO) and Ricardo Avendaño (Head Group Controller). To participate in the conference please call in at least 5 minutes before the conference begins.

Monday, November 10th, 2008 10 a.m. (CET) Dial-in number: +41 52 267 07 08 PIN-Code: 23 91 33

The conference will be held in English

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

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ots Originaltext: Precious Woods Holding Ltd.
Im Internet recherchierbar:

Further inquiry note:
Patrick Mauron
Head of Corporate Communication
Precious Woods Holding Ltd.
Militärstrasse 90
CH-8021 Zürich
Tel.:    +41 44 245 81 20

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

Weitere Meldungen: Precious Woods Holding Ltd.

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