Fabryki Mebli “Forte” S.A. reported 2Q estimated consolidated EBIT of PLN 23.2 million ($6.3 million)

Market: Furniture
Posted September 14, 2018
The approximate value of consolidated sales revenues of Fabryki Mebli “Forte” S.A. in the 2Q 2018 amounted to PLN 258 million ($70 million), compared to PLN 243 million ($66 million) in the corresponding period of 2017. In the entire six-month period of 2018, the estimated value of consolidated turnover was PLN 554 million ($150 million) , compared to PLN 536 million ($145 million) achieved in 2017, as the company said in the press release received by Lesprom Network.

The estimated consolidated EBIT of Fabryki Mebli “Forte” S.A.for the 2Q 2018 amounted to PLN 23.2 million ($6.3 million), compared to PLN 17.3 million ($4.7 million) in 2017.

In the entire six-month period of 2018, the estimated EBIT result amounted to PLN 39.1 million ($10.6 million) compared to PLN 57.7 million ($15.6 million) achieved in 2017.

The estimated consolidated EBITDA result of Fabryki Mebli “Forte” S.A.for the 2Q 2018 amounted to PLN 34.6 million ($9.4 million), compared to PLN 23.7 million ($6.4 million) in 2017, which means an increase in EBIDTA profitability from 9.6% to 13.4%.
In the entire six-month period of 2018, the estimated value of the EBITDA result was PLN 57.9 million ($15.6 million) compared to PLN 70.1 million ($19 million) achieved in 2017.

Fabryki Mebli “Forte” S.A. is one of the largest European manufacturers of furniture for self-assembly. Forte has five state-of-the-art manufacturing plants located in Ostrów Mazowiecka, Suwałki, Białystok,Hajnówka and Dubowo, Poland.



Topics: Finance

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