OverviewSuggest Edit

Furniweb is a company that produces covered elastic yarn and furniture webbing. Furniture webbing is mainly used in making sofas in the furniture industry, whereas covered elastic yarns are mainly used in the textile, apparel, food and agriculture industries. Rigid webbings are used in making fabric panel reinforcement strap, safety harness, lifting sling.

TypePublic
Founded1987
HQSeri Kembangan, MY
Websitefurniweb.com.my

Locations

Furniweb is headquartered in
Seri Kembangan, Malaysia

Location Map

Latest Updates

Employees (est.) (Dec 2019)833
Revenue (FY, 2018)RM92.6 M(-15%)
Share Price (Oct 2020)$0.5 (-8%)
Cybersecurity ratingAMore

Key People/Management at Furniweb

Lim Heen Peok

Lim Heen Peok

Chairman and non-executive Director
Cheah Eng Chuan

Cheah Eng Chuan

Executive Director
Lua Choon Hann

Lua Choon Hann

Executive Director
Cheah Hannon

Cheah Hannon

Executive Director
Show more

Furniweb Office Locations

Furniweb has offices in Seri Kembangan, George Town, Hong Kong and Bien Hoa City
Seri Kembangan, MY (HQ)
Lot 1883, Jalan KPB 9, Kg. Bharu Balakong
George Town, KY
171 Elgin Ave
Hong Kong, HK
31st Floor, 148 Electric Road North Point
Bien Hoa City, VN
No. 18, Road 3A, Bien Hoa Industrial Zone II
Show all (4)

Furniweb Financials and Metrics

Furniweb Revenue

Embed Graph
View revenue for all periods
Furniweb's revenue was reported to be RM92.57 m in FY, 2018 which is a 15.7% decrease from the previous period.
MYR

Revenue (H1, 2019)

50.5m

Gross profit (H1, 2019)

11.6m

Gross profit margin (H1, 2019), %

22.9%

Net income (H1, 2019)

(4.2m)

Market capitalization (28-Oct-2020)

260.4m

Closing stock price (28-Oct-2020)

0.5

Cash (30-Jun-2019)

23.6m

EV

271.2m
Furniweb's current market capitalization is $260.4 m.
Annual
MYRFY, 2016FY, 2017FY, 2018

Revenue

97.9m109.7m92.6m

Revenue growth, %

12%(16%)

Cost of goods sold

71.1m79.5m71.6m

Gross profit

26.9m30.2m21.0m
Half Year
MYRH1, 2017H1, 2018H1, 2019

Revenue

58.4m44.5m50.5m

Cost of goods sold

40.9m33.9m38.9m

Gross profit

17.6m10.6m11.6m

Gross profit Margin, %

30%24%23%
Annual
MYRFY, 2016FY, 2017FY, 2018

Cash

15.4m36.4m31.6m

Accounts Receivable

16.9m15.0m14.9m

Inventories

23.9m21.5m22.1m

Current Assets

71.3m82.7m75.1m
Half Year
MYRH1, 2018H1, 2019

Cash

32.5m23.6m

Accounts Receivable

13.6m20.9m

Inventories

21.7m30.4m

Current Assets

78.2m87.0m
Annual
MYRFY, 2016FY, 2017FY, 2018

Net Income

6.7m8.6m926.0k

Depreciation and Amortization

3.7m3.3m3.0m

Inventories

(1.8m)(2.2m)(734.0k)

Accounts Payable

4.1m1.6m(2.4m)
Half Year
MYRH1, 2017H1, 2018H1, 2019

Cash From Operating Activities

7.1m221.0k(3.4m)

Cash From Investing Activities

(962.0k)(507.0k)(3.5m)

Cash From Financing Activities

(8.9m)(2.8m)(861.0k)

Net Change in Cash

(2.8m)(3.1m)(7.8m)
MYRFY, 2016

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.6 x
Show all financial metrics

Furniweb Operating Metrics

Furniweb's Customers was reported to be 600 in Sep, 2017.
Q1, 2017Sep, 2017FY, 2017FY, 2018Jul, 2019Apr, 2020

Countries

30 30 30 30 30

Customers

600

Machines Installed

450

Manufacturing Facilities

5
Show all operating metrics

Furniweb Acquisitions / Subsidiaries

Company NameDateDeal Size
FIPB International Limited
Furniweb Manufacturing Sdn. Bhd.
Furniweb Safety Webbing Sdn. Bhd.
Furniweb (Vietnam) Shareholding Company
PP Retail Pte. Ltd.
Premier Elastic Webbing & Accessories (Vietnam) Co., Ltd.
Premier Management International Limited
Syarikat Sri Kepong Sdn. Bhd.
Texstrip Manufacturing Sdn. Bhd.
TS Meditape Sdn. Bhd.
Show more

Furniweb Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

Furniweb Revenue Breakdown

Embed Graph

Furniweb revenue breakdown by business segment: 11.8% from Other products, 36.2% from Webbing and 52.1% from Elastic textile

Furniweb revenue breakdown by geographic segment: 17.9% from North America, 10.0% from Europe, 25.8% from Asia Pacific (excluding Malaysia and Vietnam), 36.9% from Vietnam, 9.1% from Malaysia and 0.3% from Other

Furniweb Online and Social Media Presence

Embed Graph

Furniweb Frequently Asked Questions

  • When was Furniweb founded?

    Furniweb was founded in 1987.

  • Who are Furniweb key executives?

    Furniweb's key executives are Lim Heen Peok, Cheah Eng Chuan and Lua Choon Hann.

  • How many employees does Furniweb have?

    Furniweb has 833 employees.

  • What is Furniweb revenue?

    Latest Furniweb annual revenue is RM92.6 m.

  • What is Furniweb revenue per employee?

    Latest Furniweb revenue per employee is RM111.1 k.

  • Who are Furniweb competitors?

    Competitors of Furniweb include Cideron, Elastic Cord and Webbing and Buitink Technology.

  • Where is Furniweb headquarters?

    Furniweb headquarters is located at Lot 1883, Jalan KPB 9, Kg. Bharu Balakong, Seri Kembangan.

  • Where are Furniweb offices?

    Furniweb has offices in Seri Kembangan, George Town, Hong Kong and Bien Hoa City.

  • How many offices does Furniweb have?

    Furniweb has 4 offices.