| CONSOLIDATED QUARTERLY REPORT IN EUR THOUSANDS | IV Q 2023 (1-3.2024) | III Q 2023 (10-12.2023) | II Q 2023 (07-09.2023) | I Q 2023 (04-06.2023) | V Q 2022 (01-03.2023)* |
|---|---|---|---|---|---|
| Net revenue from sales of products, goods, materials and services | 273 036 | 281 967 | 211 995 | 263 671 | 324 478 |
| Gross profit on sales | 86 504 | 79 343 | 64 088 | 79 769 | 95 031 |
| Profit (loss) on operating activities | 1 474 | 7 951 | -14 443 | 2 551 | 10 247 |
| Profit (loss) before tax | -3 351 | 10 564 | -27 466 | 5 605 | 5 813 |
| Profit (loss) for the period attributable to shareholders of the Parent Compan | 8 540 | 810 | -71 431 | 1 302 | -1 902 |
| 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) | 0,36 | 0,03 | -2,98 | 0,05 | -0,08 |
| Net cash flows from operating activities | 10 824 | 38 145 | 36 100 | 16 783 | 21 938 |
| Net cash flow from investing activities | -5 716 | 3 008 | -15 720 | -18 430 | -2 767 |
| Net cash flow from financing activities | -6 865 | -24 749 | -42 600 | 11 059 | -9 421 |
| Net increase/decrease in cash and cash equivalents | -2 018 | 16 389 | -22 015 | 9 222 | 9 732 |
| Total assets | 1 438 382 | 1 422 035 | 1 418 657 | 1 530 036 | 1 496 103 |
| Total liabilities | 528 607 | 527 753 | 580 474 | 599 972 | 614 105 |
| Non-current liabilities | 59 842 | 59 660 | 141 189 | 108 504 | 284 202 |
| Current liabilities | 468 765 | 468 093 | 439 285 | 491 468 | 329 903 |
| Equity (attributable to shareholders of the Parent Company) | 907 829 | 892 189 | 836 092 | 927 945 | 879 877 |
| Share capital | 23 931 | 23 931 | 23 931 | 23 931 | 23 931 |
| Book value per share (PLN/EUR) | 37,94 | 37,28 | 34,94 | 38,78 | 36,77 |
| EBIT | 1 474 | 7 951 | -14 443 | 2 551 | 10 247 |
| EBITDA | 15 514 | 21 763 | -837 | 16 347 | 23 561 |
| Gross margin on sales % | 31,7% | 28,1% | 30,2% | 30,3% | 29,3% |
| Return on sales (ROS) % | 3,1% | 0,3% | -33,7% | 0,5% | -0,6% |
| Return on equity (ROE) net profit / equity % | 0,9% | 0,1% | -8,5% | 0,1% | -0,2% |
| Return on assets (ROA) net profit/ total assets % | 0,6% | 0,1% | -5,0% | 0,1% | -0,1% |
| * the period from 01.01.2023 to 31.03.2023 resulting from a transitional fiscal year of 15 months |
| CONSOLIDATED QUARTERLY REPORT IN EUR THOUSANDS | II H 2023 (10.2023-03.2024) | I H 2023 (04-09.2023) | II H 2022 (01-06.2022) | I H 2022 | II H 2021 |
|---|---|---|---|---|---|
| Net revenue from sales of products, goods, materials and services | 555 003 | 475 666 | 585 246 | 688 698 | 718 311 |
| Gross profit on sales | 165 847 | 143 857 | 171 248 | 241 669 | 285 166 |
| Profit (loss) on operating activities | 9 425 | -11 892 | 33 447 | 54 732 | 92 851 |
| Profit (loss) before tax | 7 212 | -21 860 | 20 926 | 41 325 | 68 343 |
| Profit (loss) for the period attributable to shareholders of the Parent Compan | 9 348 | -70 127 | 12 584 | 76 960 | 48 686 |
| 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) | 0,39 | -2,93 | 0,53 | 3,20 | 2,04 |
| Net cash flows from operating activities | 48 970 | 52 882 | 59 352 | -47 756 | 99 919 |
| Net cash flow from investing activities | -2 709 | -34 149 | 3 017 | -19 763 | -30 665 |
| Net cash flow from financing activities | -31 614 | -31 541 | -75 737 | 71 757 | -96 521 |
| Net increase/decrease in cash and cash equivalents | 14 371 | -12 793 | -13 268 | 4 293 | -27 084 |
| Total assets | 1 438 382 | 1 418 657 | 1 481 119 | 1 541 495 | 1 437 464 |
| Total liabilities | 528 607 | 580 474 | 623 024 | 750 244 | 642 621 |
| Non-current liabilities | 59 842 | 141 189 | 310 693 | 410 820 | 319 022 |
| Current liabilities | 468 765 | 439 285 | 312 331 | 339 424 | 323 599 |
| Equity (attributable to shareholders of the Parent Company) | 907 829 | 836 092 | 855 752 | 788 930 | 792 215 |
| Share capital | 23 931 | 23 931 | 23 931 | 23 931 | 23 931 |
| Book value per share (PLN/EUR) | 37,94 | 34,94 | 35,76 | 32,97 | 33,10 |
| EBIT | 9 425 | -11 892 | 33 447 | 54 732 | 92 851 |
| EBITDA | 37 277 | 15 510 | 61 153 | 82 421 | 120 117 |
| Gross margin on sales % | 29,9% | 30,24% | 29,26% | 35,09% | 39,70% |
| Return on sales (ROS) % | 1,7% | -14,74% | 2,15% | 11,17% | 6,78% |
| Return on equity (ROE) net profit / equity % | 1,0% | -8,39% | 1,47% | 9,75% | 6,15% |
| Return on assets (ROA) net profit/ total assets % | 0,6% | -4,94% | 0,85% | 4,99% | 3,39% |
| CONSOLIDATED QUARTERLY REPORT IN EUR THOUSANDS | 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 | 33,10 | 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 % | 30,0% | 31,77% | 32,41% | 40,9% | 40,9% |
| Return on sales (ROS) % | -5,9% | 5,48% | 7,03% | 8,4% | 4,3% |
| Return on equity (ROE) net profit / equity % | -6,7% | 9,96% | 10,46% | 14,0% | 6,2% |
| Return on assets (ROA) net profit/ total assets % | -4,2% | 5,86% | 6,05% | 7,7% | 3,4% |
| *The General Meeting of Shareholders of Fabryka Mebli “FORTE” S.A. on 16.06.2021 adopted a resolution on the basis of which the fiscal and tax year was changed so that it would ultimately last from April 1 to March 31 of the following calendar year. As a consequence of this decision, the fiscal and tax year started on January 1, 2022 was transitional and lasted 15 months, i.e. until March 31, 2023. The Group’s first target fiscal year began on April 1, 2023 and will last until March 31, 2024. |
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.
