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  • 标题:THE ECONOMIC AND FINANCIAL SITUATION OF THE FURNITURE INDUSTRY IN POLAND IN THE YEARS 2006-2013
  • 本地全文:下载
  • 作者:Zbigniew Gołaś ; Zbigniew Gołaś
  • 期刊名称:Intercathedra
  • 印刷版ISSN:1640-3622
  • 出版年度:2015
  • 卷号:31
  • 期号:2
  • 页码:15-26
  • 语种:English
  • 出版社:Poznań University of Life Sciences
  • 摘要:The primary aim of the study was to assess changes in the economic and financial status of the furniture industry in Poland in the period 2006-2013. The assessment included changes in revenue, costs, financial results, sale prices, export activity, exchange rates, liquidity, debt, cost efficiency and resource productivity as well as profitability. The analyses showed that after a deep financial crisis of the furniture sector in 2008, the situation improved in the next years. The advantageous direction of these changes resulted mainly from the increase in revenue and reduction of operating costs, leading to an increased profitability of sales, profitability index of assets and return on equity. Generally no marked changes were observed in the other areas or assessed criteria of the financial standing of the furniture sector, i.e. liquidity, debt or efficiency. The furniture sector in Poland, in which revenue comes mainly from exports, faces an urgent need to implement systematic costs reductions, as well as a rational financial policy including financial tools reducing foreign exchange risk.
  • 关键词:the furniture industry; economic and financial situation; Poland
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