The Management Board of Fabryki Mebli “Forte” S.A. reports 1Q 2018 financial results. According to preliminary calculations, the approximate value of consolidated revenues from the Group’s sales in 1Q 2018 was PLN 295 million ($79.3 million), or 0.6% more than in the same period of 2017 and 1% more than in 4Q 2017, as the company said in the press release received by Lesprom Network.
The estimated value of the Group’s consolidated EBIT for the 1Q 2018 was PLN 16 million ($4.3 million), or 61% less than in the same period of 2017 and 12% less than in the 4Q 2017.
The estimated value of the Group’s consolidated EBITDA for the 1Q 2018 was PLN 23 million ($6.2 million), compared with PLN 25 million ($6.7 million) in the 4Q 2017 and PLN 46 million ($12.3 million) in the 1Q 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.