Company
Woodbois Ltd
LON:OBT
Woodbois Ltd is an African-focused forestry company, divided into three distinct, but highly complementary divisions comprising the production and supply of sustainable African hardwood products, the trading of hardwood and hardwood products, and a reforestation and carbon credit division. The company's forestry division has production facilities in Gabon and Mozambique, managing a total of c470,000 hectares of natural forest concessions.
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Woodbois rated as 'Speculative Buy' says Canaccord
The broker's analysts noted that Woodbois delivered another strong quarter, with revenue of $5.8mln up 29% year-on-year and a further improvement in gross margin
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Woodbois sees record revenues and timber production
Revenue rose by 29% to a record US$5.8mln in the company's third quarter compared to a year earlier
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Woodbois hails high ranking in SPOTT ESG transparency assessment
The forestry and timber trading company was ranked eight in the assessment
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Woodbois on track for ‘strong’ full-year revenue and profitability growth
"We have achieved record levels of production, strong revenue growth, further improvement in both margin and EBITDAS, as well as a first maiden operating profit with a positive operating cash inflow,” said CEO Paul Dolan
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Woodbois forecasts revenue and profits growth as volumes recover
The company said 2022 is "on track to deliver strong revenue and profit growth"
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Woodbois enters 'proof of origin' partnership with World Forest ID
World Forest ID is building an extensive global library of reference samples, from various forest regions, for use in cross verification
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Rising timber costs will lead to more furniture price rises
“We have never seen anything like this in terms of across-the-board price increases for materials,” said the British Furniture Manufacturers
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Woodbois further increases profit margins and container shipments in first quarter
In a management reorganisation, executive chair Paul Dolan resumes his role as chief executive officer and Graeme Thomson is promoted to non-executive chair