Rougier weathers economic gloom
11 October 2012Business at French timber group Rougier held up in the continued global slowdown with revenue almost static in the first half.
Turnover was €73.7m, down 0.5% on the same period a year before, despite continued economic gloom and the ramping up of group investments to boost growth in Africa. Earnings before tax and other items was a loss of €119,000.
The company said profitability was affected by the industrial change under way in Africa, compounded by the difficulties experienced with logistics infrastructures in Africa and Gabon in particular.
Rougier said: "2012 is a year of transition in a cycle of major investments that will strengthen Rougier in its position as an industry leader in responsible forestry in Africa.
"The group's development over the medium and long term will be driven by more extensive forest certification, improved competitiveness, greater added value and the creation of strategic partnerships."
