Basic financial data

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CONSOLIDATED QUARTERLY REPORT IN ‘000 PLN II Q 2023 (07-09.2023) I Q 2023 (04-06.2023) V Q 2022 (01-03.2023)* IV Q 2022 III Q 2022
Net revenue from sales of products, goods, materials and services 211 995 263 671 324 478 334 649 250 597
Gross profit on sales 64 088 79 769 95 031 98 128 73 120
Profit (loss) on operating activities -14 443 2 551 10 247 34 504 -1 057
Profit (loss) before tax -27 466 5 605 5 813 38 316 -17 390
Profit (loss) for the period attributable to shareholders of the Parent Compan -71 431 1 302 -1 902 29 824 -17 240
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) -2,98 0,05 -0,08 1,24 -0,72
Net cash flows from operating activities 36 100 16 783 21 938 23 367 35 985
Net cash flow from investing activities -15 720 -18 430 -2 767 6 497 -3 480
Net cash flow from financing activities -42 600 11 059 -9 421 -26 015 -49 722
Net increase/decrease in cash and cash equivalents -22 015 9 222 9 732 3 694 -16 962
Total assets 1 418 657 1 530 036 1 496 103 1 481 119 1 493 897
Total liabilities 580 474 599 972 614 105 623 024 744 644
Non-current liabilities 141 189 108 504 284 202 310 693 416 458
Current liabilities 439 285 491 468 329 903 312 331 328 186
Equity (attributable to shareholders of the Parent Company) 836 092 927 945 879 877 855 752 746 900
Share capital 23 931 23 931 23 931 23 931 23 931
Book value per share (PLN/EUR) 34,94 38,78 36,77 35,76 31,21
EBIT -14 443 2 551 10 247 34 504 -1 057
EBITDA -837 16 347 23 561 48 343 12 810
Gross margin on sales % 30,20% 30,30% 29,30% 29,30% 29,20%
Return on sales (ROS) % -33,70% 0,50% -0,60% 8,90% -6,90%
Return on equity (ROE) net profit / equity % -8,50% 0,10% -0,20% 3,50% -2,30%
Return on assets (ROA) net profit/ total assets % -5,00% 0,10% -0,10% 2,00% -1,20%
CONSOLIDATED HALF-YEAR REPORT IN ‘000 PLN I H 2023 (04-09.2023) II H 2022 (01-06.2022) I H 2022 II H 2021 I H 2021
Net revenue from sales of products, goods, materials and services 475 666 585 246 688 698 718 311 608 598
Gross profit on sales 143 857 171 248 241 669 285 166 258 157
Profit (loss) on operating activities -11 892 33 447 54 732 92 851 85 741
Profit (loss) before tax -21 860 20 926 41 325 68 343 83 454
Profit (loss) for the period attributable to shareholders of the Parent Compan -70 127 12 584 76 960 48 686 62 143
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) -2,93 0,53 3,2 2,04 2,59
Net cash flows from operating activities 52 882 59 352 -47 756 99 919 46 448
Net cash flow from investing activities -34 149 3 017 -19 763 -30 665 -8 635
Net cash flow from financing activities -31 541 -75 737 71 757 -96 521 -69 793
Net increase/decrease in cash and cash equivalents -12 793 -13 268 4 293 -27 084 -32 356
Total assets 1 418 657 1 481 119 1 541 495 1 437 464 1 439 243
Total liabilities 580 474 623 024 750 244 642 621 664 494
Non-current liabilities 141 189 310 693 410 820 319 022 320 414
Current liabilities 439 285 312 331 339 424 323 599 344 080
Equity (attributable to shareholders of the Parent Company) 836 092 855 752 788 930 792 215 772 089
Share capital 23 931 23 931 23 931 23 931 23 931
Book value per share (PLN/EUR) 34,94 35,76 32,97 33,1 32,26
EBIT -11 892 33 447 54 732 92 851 85 741
EBITDA 15 510 61 153 82 421 120 117 113 160
Gross margin on sales % 30,24% 29,26% 35,09% 39,70% 42,42%
Return on sales (ROS) % -14,74% 2,15% 11,17% 6,78% 10,21%
Return on equity (ROE) net profit / equity % -8,39% 1,47% 9,75% 6,15% 8,00%
Return on assets (ROA) net profit/ total assets % -4,94% 0,85% 4,99% 3,39% 4,30%
CONSOLIDATED ANNUAL REPORT IN ‘000 PLN 15 m-cy 2022* 12 m-cy 2022 2021 2020 2019
Net revenue from sales of products, goods, materials and services 1 598 422 1 273 944 1 326 909 1 160 007 1 176 618
Gross profit on sales 507 948 412 917 543 323 474 384 423 412
Profit (loss) on operating activities 98 426 88 179 178 592 142 327 84 237
Profit (loss) before tax 68 064 62 251 151 797 83 362 75 541
Profit (loss) for the period attributable to shareholders of the Parent Compan 87 642 89 544 110 829 49 551 45 122
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) 3,66 3,73 4,63 2,07 1,89
Net cash flows from operating activities 33 534 11 596 146 367 165 125 198 316
Net cash flow from investing activities -19 513 -16 746 -39 300 41 070 -24 618
Net cash flow from financing activities -13 401 -3 980 -166 314 -173 461 -165 551
Net increase/decrease in cash and cash equivalents 757 -8 975 -59 440 33 634 7 829
Total assets 1 496 103 1 481 119 1 437 464 1 471 965 1 571 021
Total liabilities 614 105 623 024 642 621 675 755 789 819
Non-current liabilities 284 202 310 693 319 022 322 797 252 854
Current liabilities 329 903 312 331 323 599 352 958 536 965
Equity (attributable to shareholders of the Parent Company) 879 877 855 752 792 215 793 647 781 185
Share capital 23 931 23 931 23 931 23 931 23 931
Book value per share (PLN/EUR) 36,77 35,75 33,1 33,16 32,64
EBIT 98 426 88 179 178592 142 327 84 237
EBITDA 167 135 143 574 233277 198 124 141 311
Gross margin on sales % 31,77% 32,41% 40,90% 40,90% 36,00%
Return on sales (ROS) % 5,48% 7,03% 8,40% 4,30% 3,80%
Return on equity (ROE) net profit / equity % 9,96% 10,46% 14,00% 6,20% 5,80%
Return on assets (ROA) net profit/ total assets % 5,86% 6,05% 7,70% 3,40% 2,90%

* 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 will last until March 31, 2024.

Current reports

Periodical reports