Rougier shares briefly resumed trading on the Paris Bourse on Monday morning before being suspended once again, as the stock lost nearly 4%.

For the record, the exotic wood producer's share price had remained suspended since February 2018 at the request of the company, which was subject to a safeguard procedure.

Following a reorganization of its activities in Africa and the implementation of 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 woods.

After a financial year 2020 severely impacted by the health crisis, the business showed 'encouraging signs of recovery' in 2021, supported by this strategic refocusing.

The group - which currently employs 1,300 people - claims to have recorded a 54% increase in sales to 102.6 million euros in 2022, driven in particular by higher sales prices across all markets.

Annual results for 2022 will be announced on April 28, after the close of trading.

Barely a minute after trading resumed, the share price was suspended, having fallen by 3.98% at 9:01 a.m.

Copyright (c) 2023 CercleFinance.com. All rights reserved.