Fdb Møbler A/S

Development in activities and financesThe year's result has not been satisfactory. The start of the year was fine, but after the start of the war in Ukraine, the rising commodity prices and low consumer confidence have been a challenge.
However, seen over the entire year, we have grown over our budget on export, even though in the beginning of the year Covid19 has limited the opportunities to visit wholesale customers.
During the year, the global supply chain challenges have impacted the business in missing deliveries, as well as high shipping costs.

Covid 19 gave challenges for our suppliers production planning which have made deliveries from suppliers unstable. The freight of the goods has also been challenged by both Covid19 and the general international situation in the transport market. This has led to both delays and higher costs. In addition, oak, which is our main type of wood, has risen approximately 80% in price, which significantly affects our margins.

The value of inventories has increased which has affected the Company´s liquidity and a loan from has been received from the Parent.

Throughout the year, there has been a significant focus on ensuring the position as the most responsible design furniture brand in Denmark. Several new designs have also been launched, and more is on the way, to ensure products that can create growth in the coming years.