August 22, 2023 I Finance
Furch Guitars Reports Robust Growth in 2022
Furch Guitars has shared its 2022 revenue numbers. Last year, Furch Guitars saw total sales revenue of $7.4 million, representing a 29% increase over to the previous year’s sales revenue of $5.7 million. The company’s profits before tax also grew significantly, reaching $1.1 million in 2022, a 100% increase compared to the 2021 profit of $550,550.
Furch said in a statement that its goal for 2023 is to achieve sales revenue of $8.6 million and maintain its current profits.
“Our target for 2023 is the moderate yearly growth of 16%, as we take into account the ongoing market correction after the temporary sales boost during the COVID period,” said Petr Furch, Furch Guitars’ CEO.