|  

Forte turnover increases again in the fourth quarter

14.02.2019 − 

According to preliminary information, turnover of Polish Fabryki Mebli Forte by 1.7% to PLN297m in the fourth quarter. Over the entire period of 2018 turnover of the company rose by 1% to PLN1.107bn. The 4.3% decline recorded in the third quarter was thus compensated by increases in the first (+0.5%), second (+6.4%) and fourth quarters. A total of PLN29m was generated in connection with external particleboard sales in 2018. At PLN15m, approximately half of this sum was generated in the fourth quarter.

The key results figures also improved again in the fourth quarter. The EBIT increased by 7.8% to PLN19.4m and the EBITDA by 29.5% to PLN32.9m. Accumulated over the entire period of 2018, however, both the EBIT (-35.3% to PLN72.9m) and EBITDA (-5.9% to PLN118.2m) declined.

Tags of this news:

previous − Wilkhahn growing above all in other European countries

Furniture industry with slight decline in sales in November  − next