Nature Wood Group Limited Expects 75% Revenue
Growth in 2024
MACAU, March 4,
2024 /PRNewswire/ -- Nature Wood Group Limited
("Nature Wood" or the "Company"), one of global leaders in
vertically-integrated forestry and FSC business operations, is
pleased to announce its guidance for the fiscal year 2024. The
company expects to achieve a significant increase in revenue,
reaching $45 million, compared to the
recently preannounced revenue of $25.4
million for 2023.
The rebound in sales is primarily driven by new regulations in
the European Union, which mandates a higher percentage of wood to
be used in building homes and requires the wood to be sustainably
sourced. As a company with a strong focus on Forest Stewardship
Council (FSC) certified operations, Nature Wood is well-positioned
to capitalize on these regulatory changes and meet the growing
demand for sustainable wood products.
"We are excited to see the positive impact of the new EU
regulations on our business," said Mr. Jianjun Zeng, the chief
executive officer of Nature Wood. "Our commitment to sustainable
forestry practices and FSC certification has given us a competitive
advantage in the market, and we are confident that we can continue
to deliver high-quality, eco-friendly products to our
customers."
Nature Wood will provide further details on its 2024 guidance as
and when appropriate. The company remains dedicated to its mission
of providing environmentally responsible wood products while
maintaining strong financial performance.
Nature Wood is also expanding its carbon credit projects to
other regions of the world, presenting a large market opportunity
with high margins while contributing to global sustainability
efforts. The Company anticipates to update shareholders in the near
future on progress in this exciting area.
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.
For investor and media inquiries, please contact:
Michael Wei
Horizon Research Management Consultancy
Email: hwey@horizonconsultancy.co
View original
content:https://www.prnewswire.com/news-releases/nature-wood-group-limited-announces-strong-2024-guidance-driven-by-eu-regulations-302078549.html
SOURCE Nature Wood Group Limited