LESS & TIMBER a.s.
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LESS & TIMBER a.s. - overview
Established
2003
Location
-, -, Czech Republic
Primary Industry
Forestry & Timber
About
LESS & TIMBER a. s. processes wood and manufactures timber products, focusing on large diameter logs to meet diverse construction and manufacturing needs. Founded in 2003 in the Czech Republic, LESS & TIMBER a.
s. specializes in wood processing and timber products. In June 2018, the company was acquired by Prosperita Holding from Jet Investment, with financial terms undisclosed. The firm has successfully completed three deals to date, highlighting its strategic growth and operational focus.
Most recently, the company raised EUR 20. 20 mn in a BUYOUT round, reflecting its ongoing appeal to investors. LESS & TIMBER specializes in the processing of wood and the production of timber products, leveraging their expertise in large diameter logs. Their primary offerings encompass sawmill products, essential for various construction and manufacturing applications, as well as a glued program that includes engineered wood products designed for structural integrity and aesthetic appeal.
The company serves a diverse clientele, including construction firms, furniture manufacturers, and distributors, ensuring their products meet both functional and design requirements. LESS & TIMBER also provides secondary products, catering to niche markets requiring specific wood solutions, with their products exported globally across Europe, North America, and Asia. In the most recent fiscal year 2023, LESS & TIMBER reported revenue of EUR 47,327,206. 20 and an EBITDA of EUR 2,881,843.
The company generates revenue through direct sales and partnerships within the B2B sector, focusing on bulk orders of sawmill and glued products priced based on volume and specifications. It has also established a market for used machinery sales from their sawmill and glued prism plant, further enhancing their revenue streams. LESS & TIMBER plans to expand its product line with new engineered wood products designed for enhanced performance and aesthetics, with a targeted release in the upcoming fiscal year. The company is also looking to enter new markets, focusing on regions in Asia and North America by 2025 to increase its global footprint.
The recent funding of EUR 20. 20 mn will be utilized to support these initiatives, enhancing production capabilities and market reach.
Primary Industry
Forestry & Timber
Sub Industries
Forestry & Timber
Website
www.lesstimber.cz
Verticals
Manufacturing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
LESS & TIMBER a.s. - timeline of key events
LESS & TIMBER a.s. - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | - | - | 951,985,000 | 1,119,790,000 | 1,083,128,000 | 918,652,000 | 890,989,000 | 969,291,000 | 1,219,120,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | 17.6% | (3.3%) | (15.2%) | (3.0%) | 8.8% | 25.8% | - | - | - |
| EBITDA (USD) | (20,000) | (4,000) | (4,000) | (3,000) | (102,000) | 84,984,000 | 172,622,000 | 165,352,000 | 135,790,000 | 151,618,000 | 162,659,000 | 250,505,000 | - | - | - |
| Operating Income (USD) | (20,000) | (4,000) | (4,000) | (3,000) | (102,000) | 24,185,000 | 80,488,000 | 64,102,000 | 69,677,000 | 92,530,000 | 106,620,000 | 212,080,000 | - | - | - |
| Operating Margin | - | - | - | - | - | 2.5% | 7.2% | 5.9% | 7.6% | 10.4% | 11.0% | 17.4% | - | - | - |
| % EBITDA Margin | - | - | - | - | - | 8.9% | 15.4% | 15.3% | 14.8% | 17.0% | 16.8% | 20.5% | - | - | - |
| NET Income (USD) | (20,000) | (7,000) | (7,000) | (8,000) | (3,203,000) | 1,818,000 | 53,637,000 | 61,854,000 | 51,989,000 | 113,887,000 | 78,576,000 | 183,108,000 | - | - | - |
| % Net Margin | - | - | - | - | - | 0.2% | 4.8% | 5.7% | 5.7% | 12.8% | 8.1% | 15.0% | - | - | - |
LESS & TIMBER a.s. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | LESS & TIMBER a.s. | - | ||||||||
| Buyout | Completed | LESS & TIMBER a.s. | - | ||||||||
| Private Debt | Completed | LESS & TIMBER a.s. | - |
Displaying 1 - 3 of 3
LESS & TIMBER a.s. - employee data
LESS & TIMBER a.s. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member of the Board of Directors | BM |
BM Board Member
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