Drozapol Profil steel products distributor plans acquisitions

APA - Austria Presse Agentur
opublikowano: 21-03-2005, 14:27

Warsaw (Puls Biznesu) – Drozapol Profil, Poland’s listed steel products distributor located in Bydgoszcz, is negotiatin the acquisition of a steel elements producer. ‘We will hold several meetings in March. We will see, what they’ll bring. Generally, we are interested in growth through acquisitions’, Wojciech Rybka, Drozapol CEO and main shareholder said.

Warsaw (Puls Biznesu) – Drozapol Profil, Poland’s listed steel products distributor located in Bydgoszcz, is negotiatin the acquisition of a steel elements producer. ‘We will hold several meetings in March. We will see, what they’ll bring. Generally, we are interested in growth through acquisitions’, Wojciech Rybka, Drozapol CEO and main shareholder said. The company may also start steel elements production by itself. It would like to develop sales network. Funds for investments were raised in the recent issue worth PLN 13 m (EUR 3.2 m).

The company does not make financial forecasts. ‘We mustn’t forget that last year was a record one. It may be difficult to repeat those results’, Wojciech Rybka warned. In 2004, the company had PLN 14 m of net income, three times more than in 2003. Sales rose 29 percent to over PLN 96 m. Drozapol shares are worth PLN 3.5 each. Three months ago, just after the IPO, they cost even PLN 5.2.

(PLN 1 = EUR 0.245)Poland/Enterprises/Metals and Mining

 

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Podpis: APA - Austria Presse Agentur

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