Cyprus Forest Industries Public LTD Logo

Cyprus Forest Industries Public LTD

ISIN: CY0001400411 | Ticker: CFI | LEI: 213800O3R8SPJS9EQ135
Sector: MaterialsSub-Industry: Forest Products
Country: Cyprus

About Cyprus Forest Industries Public LTD

Company Description

CFI is the largest manufacturer of industrial wood panels in Cyprus. With zeal and enthusiasm for innovative products and techniques, we launched in the Cyprus market the most comprehensive range of products which is constantly improving, growing and adapting to your requirements. A glance is sufficient to convince.

Our Mission
Our mission is to produce modern, top quality and competitive industrial wood panels.

The extensive range of wood products manufactured by the Group satisfies the bulk of the needs in the furniture and woodwork Industry.

Year founded


Served area



1, Ayias Sofias, 2682 Paliometocho, 2682 Nicosia – Cyprus

Financial statements

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Line item in (eur) 01.01.2020 01.01.2021 01.01.2022
Assets N/A 16,791,286.00 15,832,469.00
Noncurrent Assets N/A 12,533,862.00 12,249,389.00
Property Plant And Equipment N/A 12,283,608.00 11,996,803.00
Investment Property N/A 245,000.00 245,000.00
Intangible Assets Other Than Goodwill N/A 3,159.00 5,224.00
Noncurrent Financial Assets At Fair Value Through Other Comprehensive Income N/A 2,095.00 2,362.00
Current Assets N/A 4,257,424.00 3,583,080.00
Inventories N/A 3,329,484.00 3,025,534.00
Trade And Other Current Receivables N/A 774,366.00 449,201.00
Cash and cash equivalents N/A 153,574.00 108,345.00
Equity And Liabilities N/A 16,791,286.00 15,832,469.00
Equity 11,978,108.00 11,411,920.00 11,658,290.00
Issued Capital N/A 5,231,885.00 5,231,885.00
Equity Attributable To Owners Of Parent N/A 11,273,845.00 11,508,662.00
Noncontrolling Interests N/A 138,075.00 149,628.00
Liabilities N/A 5,379,366.00 4,174,179.00
Noncurrent Liabilities N/A 3,367,432.00 3,035,063.00
Deferred Tax Liabilities N/A 1,574,511.00 1,538,344.00
Longterm Borrowings N/A 1,792,921.00 1,496,719.00
Current Liabilities N/A 2,011,934.00 1,139,116.00
Trade And Other Current Payables N/A 1,091,921.00 457,542.00
Line item in (eur) 01.01.2020/
Revenue 6,345,527.00 6,673,411.00
Other Income 42,878.00 39,895.00
Other Gains Losses -361.00 265.00
Profit Loss From Operating Activities 86,485.00 270,159.00
Profit Loss Before Tax 26,455.00 210,201.00
Income Tax Expense Continuing Operations 11,348.00 9,144.00
Profit (loss) 15,107.00 201,057.00
Profit Loss Attributable To Owners Of Parent 16,287.00 189,504.00
Profit Loss Attributable To Noncontrolling Interests -1,180.00 11,553.00
Line item in (eur) 01.01.2021 01.01.2022
Profit (loss) 15,107.00 201,057.00
Adjustments For Income Tax Expense 11,348.00 9,144.00
Adjustments For Decrease Increase In Inventories -207,495.00 321,393.00
Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 361.00 -265.00
Adjustments For Provisions 13,223.00 48,638.00
Cash Flows From Used In Operating Activities 448,558.00 573,053.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities 0.00 4,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities 240,552.00 36,627.00
Purchase Of Intangible Assets Classified As Investing Activities 0.00 3,225.00
Cash Flows From Used In Investing Activities -240,552.00 -35,852.00
Proceeds From Borrowings Classified As Financing Activities 181,000.00 0.00
Repayments Of Borrowings Classified As Financing Activities 59,892.00 326,370.00
Interest Paid Classified As Financing Activities 17,982.00 11,546.00
Cash Flows From Used In Financing Activities 103,126.00 -337,916.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes 311,132.00 199,285.00
Cash and cash equivalents 153,574.00 108,345.00

Please note that some sums might not add up.

Filings & Publications


Consolidated Report
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information







Industry Group



Paper & Forest Products


Forest Products

Listed Stock Exchange

Cyprus Stock Exchange

Stock Index

CSE General Index

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