Fabryki Mebli Forte SA
WSE:FTE
Income Statement
Earnings Waterfall
Fabryki Mebli Forte SA
Revenue
|
1B
PLN
|
Cost of Revenue
|
-710m
PLN
|
Gross Profit
|
323.9m
PLN
|
Operating Expenses
|
-318.8m
PLN
|
Operating Income
|
5.1m
PLN
|
Other Expenses
|
6.4m
PLN
|
Net Income
|
11.6m
PLN
|
Income Statement
Fabryki Mebli Forte SA
Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
788
N/A
|
822
+4%
|
866
+5%
|
866
+0%
|
901
+4%
|
954
+6%
|
999
+5%
|
1 048
+5%
|
1 069
+2%
|
1 090
+2%
|
1 084
-1%
|
1 087
+0%
|
1 109
+2%
|
1 096
-1%
|
1 098
+0%
|
1 114
+1%
|
1 102
-1%
|
1 107
+0%
|
1 131
+2%
|
1 129
0%
|
1 137
+1%
|
1 177
+4%
|
1 134
-4%
|
1 032
-9%
|
1 115
+8%
|
1 160
+4%
|
1 182
+2%
|
1 338
+13%
|
1 331
-1%
|
1 327
0%
|
1 384
+4%
|
1 407
+2%
|
1 318
-6%
|
1 274
-3%
|
1 598
+25%
|
1 173
-27%
|
1 135
-3%
|
1 082
-5%
|
1 031
-5%
|
1 018
-1%
|
1 034
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(500)
|
(524)
|
(555)
|
(558)
|
(577)
|
(608)
|
(626)
|
(652)
|
(660)
|
(663)
|
(663)
|
(666)
|
(689)
|
(702)
|
(722)
|
(733)
|
(727)
|
(738)
|
(749)
|
(748)
|
(748)
|
(756)
|
(713)
|
(642)
|
(679)
|
(686)
|
(684)
|
(773)
|
(776)
|
(788)
|
(848)
|
(881)
|
(850)
|
(863)
|
(1 093)
|
(830)
|
(800)
|
(766)
|
(724)
|
(708)
|
(710)
|
|
Gross Profit |
289
N/A
|
298
+3%
|
311
+4%
|
309
-1%
|
324
+5%
|
346
+7%
|
373
+8%
|
396
+6%
|
409
+3%
|
427
+4%
|
421
-1%
|
420
0%
|
420
+0%
|
394
-6%
|
377
-4%
|
380
+1%
|
375
-2%
|
369
-2%
|
382
+4%
|
381
0%
|
389
+2%
|
421
+8%
|
421
+0%
|
390
-7%
|
436
+12%
|
474
+9%
|
498
+5%
|
565
+13%
|
554
-2%
|
539
-3%
|
536
-1%
|
526
-2%
|
467
-11%
|
411
-12%
|
505
+23%
|
344
-32%
|
335
-3%
|
316
-6%
|
307
-3%
|
310
+1%
|
324
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(197)
|
(204)
|
(212)
|
(217)
|
(226)
|
(242)
|
(258)
|
(268)
|
(274)
|
(285)
|
(281)
|
(288)
|
(298)
|
(293)
|
(299)
|
(299)
|
(301)
|
(297)
|
(301)
|
(315)
|
(317)
|
(330)
|
(327)
|
(314)
|
(321)
|
(327)
|
(342)
|
(366)
|
(367)
|
(352)
|
(373)
|
(381)
|
(364)
|
(324)
|
(443)
|
(335)
|
(339)
|
(345)
|
(322)
|
(323)
|
(319)
|
|
Selling, General & Administrative |
(190)
|
(201)
|
(209)
|
(215)
|
(226)
|
(233)
|
(253)
|
(262)
|
(265)
|
(271)
|
(274)
|
(282)
|
(292)
|
(286)
|
(295)
|
(295)
|
(298)
|
(290)
|
(301)
|
(311)
|
(313)
|
(314)
|
(317)
|
(289)
|
(307)
|
(316)
|
(325)
|
(355)
|
(348)
|
(335)
|
(350)
|
(363)
|
(349)
|
(348)
|
(430)
|
(338)
|
(335)
|
(325)
|
(309)
|
(316)
|
(315)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
|
Other Operating Expenses |
(7)
|
(3)
|
(3)
|
(2)
|
(0)
|
(5)
|
(5)
|
(7)
|
(9)
|
(7)
|
(7)
|
(6)
|
(6)
|
(1)
|
(4)
|
(4)
|
(3)
|
0
|
0
|
(4)
|
(4)
|
(8)
|
(11)
|
(25)
|
(15)
|
2
|
(17)
|
(12)
|
(19)
|
(8)
|
(22)
|
(18)
|
(15)
|
24
|
(2)
|
3
|
(4)
|
(20)
|
(5)
|
(7)
|
(4)
|
|
Operating Income |
92
N/A
|
94
+2%
|
99
+6%
|
92
-8%
|
98
+7%
|
104
+6%
|
115
+11%
|
128
+11%
|
135
+6%
|
142
+5%
|
141
-1%
|
132
-6%
|
123
-7%
|
101
-18%
|
77
-23%
|
82
+6%
|
73
-10%
|
72
-2%
|
81
+12%
|
66
-18%
|
72
+9%
|
91
+27%
|
94
+3%
|
76
-19%
|
115
+50%
|
147
+28%
|
156
+6%
|
198
+27%
|
187
-6%
|
187
+0%
|
163
-13%
|
145
-11%
|
103
-29%
|
87
-16%
|
62
-28%
|
9
-85%
|
(5)
N/A
|
(29)
-517%
|
(15)
+50%
|
(13)
+9%
|
5
N/A
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
2
|
1
|
(1)
|
0
|
1
|
1
|
1
|
(2)
|
(1)
|
(12)
|
(11)
|
(12)
|
(17)
|
(12)
|
(14)
|
(32)
|
(26)
|
(27)
|
(31)
|
(16)
|
(29)
|
(20)
|
(39)
|
(56)
|
(49)
|
(59)
|
(35)
|
(9)
|
(13)
|
(20)
|
(9)
|
(16)
|
(13)
|
(13)
|
(23)
|
(13)
|
(22)
|
(17)
|
(11)
|
(22)
|
3
|
|
Non-Reccuring Items |
(0)
|
(0)
|
(1)
|
(1)
|
(5)
|
(6)
|
(6)
|
(5)
|
(2)
|
2
|
1
|
(1)
|
(1)
|
(2)
|
(3)
|
(1)
|
(2)
|
0
|
0
|
(0)
|
(2)
|
(8)
|
(7)
|
0
|
(7)
|
(5)
|
4
|
5
|
8
|
1
|
2
|
3
|
2
|
1
|
35
|
36
|
37
|
36
|
12
|
17
|
18
|
|
Total Other Income |
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(4)
|
9
|
3
|
5
|
8
|
1
|
2
|
4
|
1
|
(0)
|
(0)
|
(3)
|
(4)
|
(0)
|
(5)
|
(5)
|
(1)
|
(17)
|
(15)
|
(22)
|
(34)
|
(12)
|
(7)
|
0
|
13
|
6
|
(1)
|
(10)
|
(12)
|
|
Pre-Tax Income |
94
N/A
|
95
+1%
|
97
+2%
|
91
-7%
|
94
+4%
|
99
+5%
|
110
+11%
|
121
+10%
|
133
+10%
|
132
-1%
|
131
-1%
|
120
-8%
|
101
-16%
|
94
-6%
|
64
-32%
|
53
-17%
|
53
0%
|
46
-14%
|
53
+15%
|
54
+2%
|
43
-20%
|
63
+48%
|
48
-24%
|
18
-63%
|
55
+215%
|
83
+51%
|
121
+45%
|
189
+57%
|
181
-4%
|
152
-16%
|
141
-7%
|
110
-22%
|
58
-47%
|
62
+8%
|
68
+9%
|
32
-52%
|
22
-31%
|
(5)
N/A
|
(15)
-167%
|
(28)
-94%
|
15
N/A
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(19)
|
(20)
|
(20)
|
(19)
|
(14)
|
(14)
|
(16)
|
(19)
|
(27)
|
(27)
|
(27)
|
(24)
|
(22)
|
(17)
|
(13)
|
(14)
|
(10)
|
100
|
98
|
97
|
90
|
(28)
|
(38)
|
(29)
|
(31)
|
(34)
|
(40)
|
(52)
|
(51)
|
(41)
|
11
|
16
|
25
|
27
|
20
|
(20)
|
(64)
|
(65)
|
(46)
|
(45)
|
(3)
|
|
Income from Continuing Operations |
75
|
75
|
77
|
72
|
80
|
84
|
94
|
101
|
106
|
105
|
104
|
96
|
79
|
77
|
51
|
39
|
43
|
146
|
151
|
151
|
133
|
35
|
10
|
(11)
|
24
|
50
|
81
|
137
|
131
|
111
|
152
|
125
|
83
|
89
|
88
|
12
|
(42)
|
(71)
|
(61)
|
(73)
|
11
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
75
N/A
|
75
+1%
|
77
+3%
|
72
-7%
|
80
+11%
|
84
+6%
|
94
+11%
|
101
+8%
|
106
+5%
|
105
-2%
|
104
-1%
|
96
-7%
|
79
-18%
|
77
-2%
|
51
-34%
|
39
-23%
|
43
+9%
|
146
+239%
|
151
+4%
|
151
0%
|
133
-12%
|
35
-73%
|
10
-72%
|
(11)
N/A
|
24
N/A
|
50
+108%
|
81
+63%
|
137
+70%
|
131
-5%
|
111
-15%
|
152
+38%
|
126
-18%
|
83
-34%
|
90
+8%
|
88
-2%
|
12
-86%
|
(42)
N/A
|
(71)
-70%
|
(61)
+14%
|
(73)
-21%
|
12
N/A
|
|
EPS (Diluted) |
3.13
N/A
|
3.16
+1%
|
3.24
+3%
|
3.03
-6%
|
3.37
+11%
|
3.55
+5%
|
3.92
+10%
|
4.24
+8%
|
4.45
+5%
|
4.38
-2%
|
4.35
-1%
|
4.03
-7%
|
3.31
-18%
|
3.23
-2%
|
2.15
-33%
|
1.63
-24%
|
1.78
+9%
|
6.09
+242%
|
6.31
+4%
|
6.3
0%
|
5.55
-12%
|
1.47
-74%
|
0.42
-71%
|
-0.46
N/A
|
1.07
N/A
|
2.07
+93%
|
3.36
+62%
|
5.72
+70%
|
5.44
-5%
|
4.63
-15%
|
6.37
+38%
|
5.25
-18%
|
3.48
-34%
|
3.74
+7%
|
3.68
-2%
|
0.52
-86%
|
-1.74
N/A
|
-2.96
-70%
|
-2.53
+15%
|
-3.08
-22%
|
0.48
N/A
|