BSW Timber's annual report shows healthy financial results with good prospects for 2020
27 January 2020In a year when BSW concluded its acquisition of Maelor Forest Nurseries the company declared a pretax profit of just over £8m on a turnover of over £353m and an asset value of £68m.
The Directors reported “2019 was a good year despite rising log prices and an uncertain marketplace.” And on the subject of research and development: “We continue to invest in processing efficiency and new products in order to better serve existing and new markets.”
Key risks such as exchange rate fluctuation, price and demand for sawn timber products and flow of raw materials remain. On the subject of Brexit the report states “Brexit will have an as yet unknown impact but each area of the business has been evaluated to understand the potential difficulty that might arise and plans have been developed to mitigate the possible effect.”
