COLOMBIA – Even with a growth of 12.3% in sales and 23% increase in EBITDA, net income of Tablemac in 1Q-2015 was COP 4.229 million (1Q-2014 COP 5.422 million). Figure strongly impacted by the tax on the wealth of COP 2.913 million, part of the tax reform introduced in 2014 by the Government.

In the first quarter of 2015 Tablemac’s net sales amounted to COP 59.155 million, representing an increase of 12.3% compared to Q1 2014, while EBITDA was COP 14.252 million, a 23% increase compared with the cumulative to March last year.
In the first quarter of 2015 sales in the Colombian market accounted for 88.5% of the total, while exports represented 11.5%. Compared with the same period of 2014, domestic sales increased, while exports fell.
In the product mix, MDF accounted for 41% of sales, 13% Furniture and PB 46%. The MDF and Furniture segments recorded a significant increase in sales against the same quarter last year, 23.7% and 26.4% respectively, while the PB segment grew 6.7% in the period.

Tablemac Results January-March 1Q

Million COP