Last year, Binderholz’s sales decreased by 3% to €2.06 billion. This is still more than twice the sales generated by Pfeifer Holding, which recorded an 11% increase and total sales of €924 million in 2024.
Binderholz was able to increase its balance sheet total to €2.35 billion in 2024 (2023: €2.33 billion). The company has equity of €1.05 billion, resulting in a very solid equity ratio of 45%. However, the investments made in previous years did leave their mark on liabilities. In fact, liabilities to credit institutions amount to over €822 million, i.e. more than a third of the balance sheet total, of which €135 million are due in the short term.
Total external liabilities amount to €1.06 billion. Binderholz has a substantial liquidity buffer (cash assets and bank balances exceeding €208 million), which provides security for its operational performance.
Operating cash flow is very high compared to other timber industry companies (2024: €257 million) and is well above the 2023 level (€156 million). According to the 2024 balance sheet, cash outflow due to investments decreased to €150 million (2023: €230 million). The company thus maintained a cautious approach.
