Facts in brief

• Teak Holz International AG, (THI AG), based in Linz, Austria, specializes in sustainable teak plantation management in Costa Rica.

• The THI-group offers it's forestry know-how to third party business partners and trades teak logs internationally.

• On March 28, 2007 THI AG undertook an IPO on the Vienna Stock Exchange. Since than, company shares (ISIN: AT0TEAKHOLZ8, WKN: AT0MMG7) have been traded in the Standard Market Continuous segment of the Wiener Börse AG (Vienna Stock Exchange) in regulated OTC dealings. TEAK-shares are also traded on the stock exanges in Frankfurt, Berlin, Stuttgart and Munich.

• The "green" TEAK-shares are listed in the VONIX-Sustainability-Index since June 2009. THI and approx. 20 other austrian public companies comply with strict environmental and social creteria. The VONIX-membership is valid until 2012. 

• Facts and figures of fiscal year 2010/2011 are published in German language yet. The English translation will be available in March 2012.

• Biological assets (the trees in the plantations) were recognised according to the International Accounting Standard IAS 41 “Agriculture”. The increase in the value of the biological assets was reported with 7.309 million Euro in the consolidated financial statements.

• The financial year (October 1, 2010 to September 30, 2011) resulted in an EBIT of 2,377 million Euro. 

• Sales of teak logs resulted in net sales of 1.200 million Euro (+70 % to prior year). 

• Number of group personnel (average): 69, of whom 9 were employed in Austria and approx. 60 in the plantations in Costa Rica.

• THI-plantations cover an area of 1,934 hectares and contained approx. 2 millions teak trees. Expansion of the plantation area is planned step by step.