| CONSOLIDATED QUARTERLY REPORT IN THOUSANDS OF PLN | II Q 2024 (07-09.2024) | I Q 2024 (04-06.2024) | IV Q 2023 (1-3.2024) | III Q 2023 (10-12.2023) | II Q 2023 (07-09.2023) |
|---|---|---|---|---|---|
| Net revenue from sales of products, goods, materials and services | 228 096 | 250 806 | 273 036 | 281 967 | 211 995 |
| Gross profit on sales | 77 425 | 82 378 | 86 504 | 79 343 | 64 088 |
| Profit (loss) on operating activities | 4 782 | 9 136 | 1 474 | 7 951 | -14 443 |
| Profit (loss) before tax | 15 808 | -8 207 | -3 351 | 10 564 | -27 466 |
| Profit (loss) for the period attributable to shareholders of the Parent Compan | 13 434 | -11 395 | 8 540 | 810 | -71 431 |
| Number of shares | 23 930 769 | 23 930 769 | 23 930 769 | 23 930 769 | 23 930 769 |
| Profit (loss) per ordinary share attributable to shareholders of the Parent Company (PLN/ EUR) | 0,57 | -0,48 | 0,36 | 0,03 | -2,98 |
| Net cash flows from operating activities | 15 370 | 28 253 | 10 824 | 38 145 | 36 100 |
| Net cash flow from investing activities | -1 715 | 3 198 | -5 716 | 3 008 | -15 720 |
| Net cash flow from financing activities | 51 261 | -43 314 | -6 865 | -24 749 | -42 600 |
| Net increase/decrease in cash and cash equivalents | 64 935 | -11 758 | -2 018 | 16 389 | -22 015 |
| Total assets | 1 478 697 | 1 409 462 | 1 438 382 | 1 422 035 | 1 418 657 |
| Total liabilities | 571 224 | 513 889 | 528 607 | 527 753 | 580 474 |
| Non-current liabilities | 349 213 | 62 218 | 59 842 | 59 660 | 141 189 |
| Current liabilities | 222 012 | 451 671 | 468 765 | 468 093 | 439 285 |
| Equity (attributable to shareholders of the Parent Company) | 905 535 | 893 629 | 907 829 | 892 189 | 836 092 |
| Share capital | 23 931 | 23 931 | 23 931 | 23 931 | 23 931 |
| Book value per share (PLN/EUR) | 37,84 | 37,34 | 37,94 | 37,28 | 34,94 |
| EBIT | 4 782 | 9 136 | 1 474 | 7 951 | -14 443 |
| EBITDA | 18 788 | 23 130 | 15 514 | 21 763 | -837 |
| Gross margin on sales % | 33,90% | 32,80% | 31,70% | 28,10% | 30,20% |
| Return on sales (ROS) % | 5,90% | -4,50% | 3,10% | 0,30% | -33,70% |
| Return on equity (ROE) net profit / equity % | 1,50% | -1,30% | 0,90% | 0,10% | -8,50% |
| Return on assets (ROA) net profit/ total assets % | 0,90% | -0,80% | 0,60% | 0,10% | -5,00% |
| CONSOLIDATED HALF-YEAR REPORT IN THOUSANDS OF PLN | I H 2024 (04-09.2024) | I H 2023 (10.2023-03.2024) | I H 2023 (04-09.2023) | II H 2022 (01-06.2022) | I H 2022 |
|---|---|---|---|---|---|
| Net revenue from sales of products, goods, materials and services | 478 902 | 555 003 | 475 666 | 585 246 | 688 698 |
| Gross profit on sales | 159 803 | 165 847 | 143 857 | 171 248 | 241 669 |
| Profit (loss) on operating activities | 13 918 | 9 425 | -11 892 | 33 447 | 54 732 |
| Profit (loss) before tax | 7 601 | 7 212 | -21 860 | 20 926 | 41 325 |
| Profit (loss) for the period attributable to shareholders of the Parent Compan | 2 039 | 9 348 | -70 127 | 12 584 | 76 960 |
| Number of shares | 23 930 769 | 23 930 769 | 23 930 769 | 23 930 769 | 23 930 769 |
| Profit (loss) per ordinary share attributable to shareholders of the Parent Company (PLN/ EUR) | 0,09 | 0,39 | -2,93 | 0,53 | 3,2 |
| Net cash flows from operating activities | 43 623 | 48 970 | 52 882 | 59 352 | -47 756 |
| Net cash flow from investing activities | 1 483 | -2 709 | -34 149 | 3 017 | -19 763 |
| Net cash flow from financing activities | 7 947 | -31 614 | -31 541 | -75 737 | 71 757 |
| Net increase/decrease in cash and cash equivalents | 53 177 | 14 371 | -12 793 | -13 268 | 4 293 |
| Total assets | 1 478 697 | 1 438 382 | 1 418 657 | 1 481 119 | 1 541 495 |
| Total liabilities | 571 224 | 528 607 | 580 474 | 623 024 | 750 244 |
| Non-current liabilities | 349 213 | 59 842 | 141 189 | 310 693 | 410 820 |
| Current liabilities | 222 012 | 468 765 | 439 285 | 312 331 | 339 424 |
| Equity (attributable to shareholders of the Parent Company) | 905 535 | 907 829 | 836 092 | 855 752 | 788 930 |
| Share capital | 23 931 | 23 931 | 23 931 | 23 931 | 23 931 |
| Book value per share (PLN/EUR) | 37,84 | 37,94 | 34,94 | 35,76 | 32,97 |
| EBIT | 13 918 | 9 425 | -11 892 | 33 447 | 54 732 |
| EBITDA | 41 918 | 37 277 | 15 510 | 61 153 | 82 421 |
| Gross margin on sales % | 33,40% | 29,90% | 30,24% | 29,26% | 35,09% |
| Return on sales (ROS) % | 0,40% | 1,70% | -14,74% | 2,15% | 11,17% |
| Return on equity (ROE) net profit / equity % | 0,20% | 1,00% | -8,39% | 1,47% | 9,75% |
| Return on assets (ROA) net profit/ total assets % | 0,10% | 0,60% | -4,94% | 0,85% | 4,99% |
| CONSOLIDATED ANNUAL REPORT IN THOUSANDS OF PLN | 12 m-cy 2023 01.04.2023-31.03.2024 | 15 m-cy 2022 01.01.2022-31.03.2023* | 12 m-cy 2022 01.01.2022-31.12.2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Net revenue from sales of products, goods, materials and services | 1 030 669 | 1 598 422 | 1 273 944 | 1 326 909 | 1 160 007 |
| Gross profit on sales | 309 704 | 507 948 | 412 917 | 543 323 | 474 384 |
| Profit (loss) on operating activities | -2 467 | 98 426 | 88 179 | 178 592 | 142 327 |
| Profit (loss) before tax | -14 648 | 68 064 | 62 251 | 151 797 | 83 362 |
| Profit (loss) for the period attributable to shareholders of the Parent Compan | -60 779 | 87 642 | 89 544 | 110 829 | 49 551 |
| Number of shares | 23 930 769 | 23 930 769 | 23 930 769 | 23 930 769 | 23 930 769 |
| Profit (loss) per ordinary share attributable to shareholders of the Parent Company (PLN/ EUR) | -2,54 | 3,66 | 3,73 | 4,63 | 2,07 |
| Net cash flows from operating activities | 101 852 | 33 534 | 11 596 | 146 367 | 165 125 |
| Net cash flow from investing activities | -36 858 | -19 513 | -16 746 | -39 300 | 41 070 |
| Net cash flow from financing activities | -63 155 | -13 401 | -3 980 | -166 314 | -173 461 |
| Net increase/decrease in cash and cash equivalents | 1 578 | 757 | -8 975 | -59 440 | 33 634 |
| Total assets | 1 438 382 | 1 496 103 | 1 481 119 | 1 437 464 | 1 471 965 |
| Total liabilities | 528 607 | 614 105 | 623 024 | 642 621 | 675 755 |
| Non-current liabilities | 59 842 | 284 202 | 310 693 | 319 022 | 322 797 |
| Current liabilities | 468 765 | 329 903 | 312 331 | 323 599 | 352 958 |
| Equity (attributable to shareholders of the Parent Company) | 907 829 | 879 877 | 855 752 | 792 215 | 793 647 |
| Share capital | 23 931 | 23 931 | 23 931 | 23 931 | 23 931 |
| Book value per share (PLN/EUR) | 38 | 36,77 | 35,75 | 33,1 | 33,16 |
| EBIT | -2 467 | 98 426 | 88 179 | 178592 | 142 327 |
| EBITDA | 52 787 | 167 135 | 143 574 | 233277 | 198 124 |
| Gross margin on sales % | 30,00% | 31,77% | 32,41% | 40,90% | 40,90% |
| Return on sales (ROS) % | -5,90% | 5,48% | 7,03% | 8,40% | 4,30% |
| Return on equity (ROE) net profit / equity % | -6,70% | 9,96% | 10,46% | 14,00% | 6,20% |
| Return on assets (ROA) net profit/ total assets % | -4,20% | 5,86% | 6,05% | 7,70% | 3,40% |
At the Extraordinary General Meeting of Shareholders of Fabryki Mebli “FORTE” S.A. on June 16, 2021, a resolution was adopted, based on which the fiscal year was changed to ultimately run from April 1 to March 31 of the following calendar year. As a consequence of this decision, the fiscal and tax year that began on January 1, 2022, had a transitional nature and lasted for 15 months until March 31, 2023. VQ 2022 covers the period from January 1, 2023, to March 31, 2023, resulting from the transitional 15-month fiscal year.
The first official fiscal year of the Group commenced on April 1, 2023, and lasted until March 31, 2024.
