Warsaw (Puls Biznesu) – Sniezka, Poland’s second largest paint and varnish producer (after Polifarb Cieszyn-Wroclaw), is preparing its financial forecast for this year. ‘Official forecast will appear at the beginning of April’, Piotr Mikrut, the CEO of the listed company said. The forecast was to be announced in January.
Company’s management believe that sales should grow by 10-20 percent and amount to PLN 394-430 m (EUR 94.6-103.2 m). Operating income should increase by 25-30 percent to PLN 41 m. Better results will be possible thanks to the new oil-colour plant. Thanks to the unit, Sniezka capacity in this market doubled. Exports, which constitute 14 percent of sales, should further grow both in the East and West. Piotr Mikrut has just come back from Kazakhstan, where Sniezka plans to open its own plant.
(PLN 1 = EUR 0.240)Poland/Enterprises/Construction