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Abonner Precious Woods Holding Ltd.

Precious Woods Holding Ltd.

euro adhoc: Precious Woods Holding AG, Zug
Annual Reports
Precious Woods returns to profit in a period of growth

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
annual report
26.04.2007
Precious Woods has achieved an almost threefold increase in total 
operating income: from USD 20.6 million in 2005, to USD 59.9 million 
in 2006. Net profit for 2006 amounts to USD 5.3 million, compared to 
a prior year loss of USD 7.5 million.
About two thirds of the increase in turnover are attributable to the 
integration of the European trading company, Precious Woods Europe, 
and the power plant in Brazil. In addition, revenue from emission 
rights contributed to income for the first time, and in the second 
semester, the upward price momentum in timber markets also had a 
significant impact on turnover.
In the first semester of 2006, the Brazilian operations once again 
had to contend with losses and valuation adjustments, which is why 
the optimistic earnings forecast made in the spring of 2006 could not
be met. By the end of the year, however, a package of restructuring 
measures and the rise in timber prices had stemmed the operating 
losses. The Precious Woods Group reports a full-year profit 
significantly above its pessimistic mid-year predictions. At USD 5.3 
million, the 2006 net profit also surpasses the company’s previous 
profit record of USD 3.3 million achieved in 2004.
2007 has started well for all the Group’s businesses. In particular, 
the positive price developments in timber markets continue. As a 
result of the acquisition of the Gabon-based companies, Precious 
Woods expects sales of timber in the current year to increase by 
around 75%. Revenues from the sale of emission rights, on the other 
hand, will be significantly lower. The increase in value of the 
plantations in Central America is expected to be in line with the 
normal pattern of the past years. Provided there are no exceptional 
events, the company anticipates that in 2007 both total revenues and 
net profit will increase by around 50% compared to 2006.
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.
end of announcement                               euro adhoc 26.04.2007 06:00:00

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

Plus de actualités: Precious Woods Holding Ltd.
Plus de actualités: Precious Woods Holding Ltd.