Barlinek floor producer will have numerous news in December

MG
opublikowano: 26-11-2007, 10:37

Warsaw (Puls Biznesu) – Next month, the company producing wooden floor will publish many news.

Barlinek management will tell this year what exactly it is going to produce in its Russian plant.

“We should announce it on December 12th”, Mariusz Gromek, the company’s chairman said.

A day before, Barlinek will approve next year’s budget. The new Russian investment will cost EUR 40-50m. It is going to be finances mainly from Barlinek’s own funds and credits. The company may also issue new shares to finance them.

 

In the middle of December, Barlinek will say whether it is acquiring a Romanian floor producer. If due diligence and negotiations are not successful, the Polish company will look for another target. Next month also, the full year’s forecast will be revised. Today, it amounts to PLN 510.5m (EUR 138.3m) of sales, PLN 98.4m of EBITDA and PLN 65.4m of net income. Barlinek will probably revise these forecasts down because strong zloty adversely affected its results. In the three quarters of the year, the company met its forecasts in, respectively, 69.1 percent, 63.9 percent and 58.4 percent.

(PLN 1 = EUR 0.271)

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Podpis: MG

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