MACAU, Nov. 28,
2023 /PRNewswire/ -- Nature Wood Group Limited
("Nature Wood" or the "Company"), a global leader in
vertically-integrated forestry and FSC business operations, today
provides an update on its financial performance for the first half
of 2023, ending June 30, 2023.
In light of the challenging global economic conditions that have
significantly impacted the home building and home renovation
sectors, Nature Wood anticipates that its financial results for the
first half of 2023 will be lower as compared to the first half
of the previous year, in terms of both revenues and earnings.
This forecast reflects the broader economic trends that have
affected industries worldwide, particularly those related to
construction and home improvement.
Nature Wood will provide a detailed analysis and more
comprehensive information when it reports its full first-half
results in mid-December 2023.
Despite these short-term challenges, Nature Wood remains
committed to its long-term strategy and is confident in its ability
to navigate through these turbulent times. The Company continues to
focus on operational efficiency, sustainable practices, and
exploring new markets to strengthen its position as a leading
player in the forestry and wood products industry.
About Nature Wood Group Limited
Nature Wood Group Limited is a global leading
vertically-integrated forestry company that focuses on FSC business
operations, timber and wood products industry. The Company's
operations cover both up-stream forest management and harvesting,
and down-stream wood-processing and distribution. Nature Wood
offers a broad line of products, including logs, decking, flooring,
sawn timber, recycled charcoal, synthesized charcoal, machine-made
charcoal and essential oils, primarily through its sales network in
Europe, South Asia, South
America, North America and
China. The Company is one of the
largest exporters of wood products in Peru, with approximately 615,333 hectares of
forest concessions as of June 30,
2023. In terms of the export value in 2021, the Company is
(i) the second largest wood products export supplier; (ii) the
second largest wood products export supplier certified by the FSC;
and (iii) the largest decking product supplier, in Peru. Nature Wood is also the largest oak
export supplier and the second largest hardwood export supplier, in
France in terms of export volume
in 2021. For more information, please
visit: www.nature-wood.com.
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking" statements pursuant to the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "aims,"
"future," "intends," "plans," "believes," "estimates," "likely to,"
and similar statements. Statements that are not historical facts,
including statements about the Company's beliefs, plans, and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding these and other risks is included in the
Company's filings with the SEC. All information provided in this
press release is as of the date of this press release, and the
Company does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
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SOURCE Nature Wood Group Limited