Forte books another strong increase in its earnings

29.11.2016 − 

Polish Fabryki Mebli Forte delivered another strong improvement in its earnings in the third quarter. According to a quarterly report published on 14 November, EBITDA leapt 43.0% to PLN38.3m. Earnings before interest and tax (EBIT) were up 49.3% at PLN32.6m. Net profits climbed 21.2% to PLN28.3m.

Forte had already recorded a double-digit growth in earnings in the first two quarters of this year. Looking at the first three quarters combined, EBITDA soared 46.5% to PLN120.4m. EBIT surged 52.5% compared with the prior-year period. Net profits were up 36.1%. The company mainly credited favourable currency effects and economies of scale caused by rising production with the disproportionately strong increase in earnings.

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