Rougier Q4/2016 revenues down 11 percent

Rougier’s consolidated revenue for 2016 fell 9.3 percent to EUR149.4 million in 2016.

Sales for 4Q/2016 also contracted 11 percent to EUR37.6 million compared with 4Q/2015, the company said in the press release.

The change in revenues compared with 2015 takes into account an EUR0.4 million positive exchange effect. 

Full-year revenues for the Rougier Afrique International branch are down 11.8 percent from 2015. Business in Cameroon and Congo has been affected by the significant slowdown in demand in main emerging countries. This contraction has been partially offset by the improvement in business in Gabon, benefiting from buoyant local demand and the upturn in the European market for plywood and veneers.

Full-year revenues for the Import-Distribution France branch are up 3.2 percent from 2015. In a relatively stable French market, this growth has been driven by the strengthening of its product ranges and the diversification of its customer base.

The Rougier Group supplies certified African tropical timber. The Group has three core business lines: Rougier Afrique International (natural forest harvesting, industrial processing and international trade), Importing and distribution in France of timber from all origins (including Rougier Sylvaco Panneaux) and Plantations (research, management and investment in industrial forest plantations in Africa).