In 3 sq. 2022 the revenue of Fabryki Mebli Forte decreased by 26%

According to preliminary data, the proceeds from sales the Polish Fabryki Mebli Forte for the third quarter 2022 made 251 million zloties ($55,41 million) that is 26% less, than year before, the corporate press service reports about it. The consolidated indicator of EBITDA decreased by 76% to 13 million zloties ($2,87 million). Financial results of companies were affected by the high cost of wood raw materials, strong recession in the furniture market and decline in demand for a furniture board. Fabryki Mebli Forte S.A. are one of the largest European producers furniture for independent assembly. The group possesses five...