Fixed-bed pyrolysis of Norway spruce wood previously subjected to torrefaction at temperatures between 533 and 583 K and retention times between 8 and 25 min was studied. Although the thermal pretreatment always results in an increased production of char at the expense of volatile products, appropriate torrefaction conditions give rise to maximum percentages of anhydrosugars, guaiacols possessing a carbonyl group, and phenols in the liquid fraction. Other carbohydrates (e.g., acetic acid, formic acid, hydroxyacetaldehyde, hydroxypropanone, furfural, and furfuryl alcohol) and the large majority of guaiacols show continuously decreasing values. The percentages of carbon monoxide and carbon dioxide in the gas product remain approximately the same, but that of methane slightly increases. The pyrolysis temperatures of torrefied wood are lower than those of the raw material, mainly because of the partial or complete absence of the exothermic contribution associated with extractives and hemicellulose degradation.