POLAND – The Polish RTA furniture manufacturer Forte, one of the largest in Europe, reported consolidated revenues of €58.32 million (PLN 251 million) for the first quarter (1 April – 30 June) of the 2024/25 financial year (1Q-2024/25), a 5% decrease from the previous year.

This includes €9.52 million (PLN 41 million) from excess furniture board sales at its Tanne particleboard plant, compared to €5.34 million (PLN 23 million) in board sales outside the group last year. The results for 1Q- 2024/2025 include the sale of 25,000 CO2 emission allowances by the subsidiary Tanne, which generated additional income of EUR 1.7 million (PLN 7.5 million).

The estimated consolidated EBITDA of the Forte Group for 1Q-2024/25 was EUR 5.3 million (PLN 23 million), compared to EUR 3.7 million (PLN 16 million) in the corresponding period of 2023/24, which represents an increase of 43.2%

To tackle market pressures, Forte has consolidated knockdown furniture production from four to three plants. The freed-up capacity is now used for producing upholstered beds by Specific, a Forte Group company, with the recent SAP/R3 implementation enhancing process efficiency.

Forte is expanding its product range and preparing a competitive offer for the upcoming MOW. The company aims to grow its presence in Europe, with furniture available in stores and online in Germany and Great Britain. Despite the tough market conditions, Forte continues to invest in product innovation and diversification to address the ongoing industry crisis.