Poland's largest producers of veneer sheets and wood-based boards experienced a significant downturn in 2023, mirroring challenges faced by the broader furniture industry. The top 50 companies in this sector collectively recorded revenues of PLN 16.562 billion, a sharp 15.96% drop from PLN 19.708 billion in 2022.
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Kronospan Polska retained its position as the leading manufacturer, with net revenues of nearly PLN 2.888 billion. However, this represented a year-on-year decline of 19.86%. Swiss Krono followed in second place with revenues of PLN 2.526 billion, a more pronounced drop of 24.2%. Kronospan Mielec secured third place with revenues of PLN 1.841 billion, reflecting a 10.11% decline, though it posted the highest net profit among all companies at PLN 467.67 million. These figures cover the period from 1 October 2022 to 30 September 2023.
The industry's total assets amounted to PLN 17.337 billion, with fixed assets accounting for PLN 8.327 billion and current assets totalling PLN 5.153 billion. Inventories stood at PLN 2.422 billion, while cash and other monetary assets reached PLN 849.95 million. The sector's equity was valued at PLN 9.239 billion, and the combined net profit of these firms was nearly PLN 1.283 billion. Long-term liabilities were reported at PLN 3.282 billion, with short-term liabilities slightly higher at PLN 3.821 billion.
The rankings, prepared in collaboration with Info Veriti Polska, included only companies officially registered under PKD 16.21Z for the production of veneer sheets and wood-based boards. The order was determined by revenue data available in the National Court Register as of November 2024. While most financial results correspond to 2023, some companies provided figures from 2022 due to reporting delays.
Despite the overall downturn, the rankings highlight the continued prominence of key players like Kronospan Polska, Swiss Krono, and Kronospan Mielec. Their performance, alongside others in the industry, underscores the impact of shifting market conditions following a period of record growth in prior years.
The full rankings, which provide a detailed financial overview of the top 50 board producers, are available in the December 2024 issue of BIZNES.meble.pl. This analysis offers a crucial insight into the challenges and opportunities shaping Poland's wood-based board sector.
Source: www.biznes.meble.pl