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2023 balance sheet analysis

Binderholz in the black in 2023

Article by Gerd Ebner (translated by Eva Guzely) | 17.10.2024 - 08:34

In recent years, Binderholz has pursued a comprehensive growth strategy and achieved a jump in sales to €2.6 billion by 2022. At -14%, the drop in 2023 sales was significant but less marked than that recorded by other large Austrian timber companies.

BINDERHOLZ SALES_EBT_2023_E.jpg

In 2023, Binderholz's sales fell by 14% to €2.1 billion. EBT decreased by 93% year on year to €33 million © holzkurier.com

Last year, Binderholz generated €2.1 billion in sales, which was more than the total achieved by the following three largest companies in the ranking.

In 2023, Binderholz recorded €33 million in earnings before taxes (EBT). This, too, makes it the number one timber company in Austria. Nevertheless, EBT have decreased massively compared to 2022 (€440 million). Despite strong growth and the market weakness in 2023, the company’s equity ratio remained at an above-average level of 45% last year – and was thus 8 percentage points higher than in 2014.

Read more in the 2023 balance sheet analysis “Hard landing”.

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