The Forte Group has concluded the first half of the 2024/25 fiscal year with stable results, reporting consolidated revenue of approximately €110.25 million (479 million PLN) from April 1 to September 30, 2024. These results include around €17 million (74 million PLN) from the sale of particle boards produced at its own facility, marking a slight increase of 1% compared to the same period last year. The EBIT for this period stood at about €3.2 million (14 million PLN).
Photo: The Forte Group.
CEO Maria Florczuk commented on the challenges faced in recent quarters, both for the company and the industry. She expressed satisfaction with the EBIT improvement despite a tough environment, highlighting the company's operational efficiency and the validity of its strategic direction. Looking ahead, Forte plans to continue its optimisation and cost-reduction initiatives while expanding its product range to provide attractive offerings and exceptional service to partners.
Florczuk acknowledged the difficult market conditions and noted that research does not suggest a rapid recovery. In response, Forte is intensifying efforts to diversify its product offerings, introduce innovations, and integrate various sales channels to broaden its customer base and reinforce its competitive advantages. The recent M.O.W. trade fair held in September played a crucial role in this strategy.
More information:
The Forte Group
www.forte.com