Brief: Fabryki Mebli Forte Prelim. Q3 Ebitda Down At 27.3 Mln Zlotys

Grupa Forte SA

29/10/2018 08:47

Oct 29 (Reuters) - FABRYKI MEBLI FORTE SA  FTEP.WA :
    * PRELIM. Q3 EBITDA 27.3 MILLION ZLOTYS VERSUS 30.1 MILLION
ZLOTYS
YEAR AGO
    * PRELIM. Q3 EBIT 14.4 MILLION ZLOTYS VERSUS 23 MILLION
ZLOTYS
YEAR AGO
    * PRELIM. Q3 REVENUE 256 MILLION ZLOTYS VERSUS 268 MILLION
ZLOTYS
YEAR AGO
    * PRELIM. 9-MONTH EBITDA 85.3 MILLION ZLOTYS VERSUS 100.2
MILLION
ZLOTYS YEAR AGO
    * SAYS "WEAK" Q3 SALES RESULTS DUE TO FURTHER "SIGNIFICANT"
SLOWDOWN IN FURNITURE RETAIL MARKET
    * SAYS REORGANIZATION OF PRODUCT OFFER CARRIED OUT IN H1
ALSO HAD
AN IMPACT ON Q3 TURNOVER 
    * ADDS EFFICIENCY OF NEW RAW SLAB PRODUCTION PLANT IN Q3
BELOW
EXPECTATIONS AND SITUATION ON LABOR MARKET AND PRESSURE ON WAGES
ALL HAD AN IMPACT ON Q3 RESULTS, WHICH ARE BELOW EXPECTATIONS

Source text for Eikon:  ID:nEMblynFpa 
Further company coverage:  FTEP.WA 

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