(CercleFinance.com) – Quotation of the Rougier share briefly resumed Monday morning on the Paris Stock Exchange before being suspended again, while the value lost nearly 4%.
For the record, the share price of the exotic wood producer had remained suspended since February 2018 at the request of the company, which was subject to a safeguard procedure.
After reorganizing its activities in Africa and implementing a drastic savings and debt reduction plan, the company says it has now succeeded in adapting its operational and financial structure.
It has also refocused on its most profitable activities, namely the responsible and certified management of natural forests in Gabon and the Republic of Congo, as well as the international marketing of responsible African timber.
After a 2020 financial year strongly impacted by the context of the health crisis, the activity thus showed in 2021 ‘encouraging signs of recovery’, supported by this strategic refocusing.
The group – which today employs 1,300 people – says that in 2022 it recorded a turnover up 54% to 102.6 million euros, driven in particular by the increase in selling prices on all markets. .
Its 2022 annual results will be communicated on April 28, after trading.
Barely a minute after trading resumed, the stock was suspended as it fell 3.98% at 9:01 a.m.
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