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Forte records turnover decline in third quarter

22.11.2018 − 

According to preliminary information, turnover of Polish Forte declined by 4.5% to PLN256m in the third quarter. Of this sum, PLN8m was generated in connection with external particleboard sales. Key results figures, after increases in the second quarter, also deteriorated again in the current reporting period. The EBITDA declined by 9.3% to PLN27.3m; the EBIT fell at an even more significant rate of 37.4% to PLN14.4m.

Accumulated over the first nine months, turnover increased by 0.8% to PLN810m. Of this figure, PLN14m was generated with particleboards. The decline in the third quarter contrasted with increases of 0.5% in the first quarter and 6.4% in the second quarter. In the nine-month period both EBITDA and EBIT declined by 14.9% to PLN85.3m and by one third to PLN53.5m respectively.

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