Locked content Amica hopes to finalize talks with Fagor this year

WSE-listed white goods producer Amica is in advanced talks on obtaining rights to use the Fagor brand and expects that the negotiations will be concluded this year, the company’s Vice President Wojciech Kocikowski said. He added that Amica has at least one or two competitors who also want to obtain ...

Locked content Amica net profit plunges to PLN 29.1 mln in Q2

WSE-listed white goods producer Amica recorded consolidated net profit attributable to shareholders of PLN 29.1 million versus PLN 71.5 million a year ago. Operating profit fell to PLN 28.1 million from PLN 38.0 million y/y. Revenue amounted to PLN 685.4 million compared to PLN 624.6 million in Q2 2...

Locked content Amica buyback tender a failure

WSE-listed white goods producer Amica failed to attract any bids from shareholders in its tender offer for the company’s shares, the company said in a market filing. Amica offered PLN 120 per share. Under the company’s buyback program, Amica planned to purchase up to 250,000 own shares for the maxim...

Locked content Amica plans to buy back up to 250,000 shares

White goods producer Amica offered to buy back up to 250,000 shares, which equals to 2.38 percent of votes. The proposed price is PLN 120 per share, Amica wrote. The acquired shares will be allocated for the implementation of the incentive program. DM mBank acts as the intermediary of the offer.  Bi...

Locked content Amica back in talks to buy Spanish Fagor

WSE-listed white goods producer Amica started talks with a Spanish contractor with rights to the Fagor brand, aimed at acquiring a license for this brand, the company said. Back in November, Amica submitted a €5 million offer for the Fagor brand owned by the bankrupt Spanish appliance group Edesa In...

Locked content Amica proposes share buyback at PLN 100-135

Amica board proposed share buyback price in the range of PLN 100-135, the company said in a statement. Amica plans to buy back up to 250,000 own shares for the maximum amount of PLN 30 million. According to the board proposal, the buyback should start on August 1 and to last until July 31, 2023̷...

Locked content Amica sees 2018 EBITDA margin not lower than in 2017

Kitchen appliance producer Amica expects that despite weaker results in Q1, its EBITDA margin in 2018 will be at least similar to the previous year, i.e. above 7 percent, vice-president Wojciech Kocikowski said. In Q1 EBITDA margin decreased by 2.1 percentage points to 6.7 percent. Revenues grew 10 ...

Locked content Amica won’t takeover Fagor

WSE-listed white goods producer Amica offer to takeover the Fagor brand owned by the bankrupt Spanish appliance group Edesa Industrial has expired and Amica will not pursue this opportunity, company’s CEO Jacek Rutkowski said. “Currently, the subject has been suspended if not to say concluded. Our o...

Locked content Amica bids for troubled Fagor brand

WSE-listed white goods producer Amica made a €5 million offer for Fagor brand owned by the bankrupt Spanish appliance group Edesa Industrial. Amica does not rule out other takeovers of troubled whitegoods brands. Amica plans to finance the transaction from its own means as well as debt. Fagor sells ...

Locked content Amica Q3 profit drops

WSE-listed white goods producer Amica had PLN 22.1 million net profit in Q3, down by 36.2 percent y/y. EBIT stood at PLN 30.3 million, a 33.4 percent y/y decrease, while revenues reached PLN 705.2 million, an 8.5 percent y/y increase. “The third quarter of 2016 was a high benchmark, so analysts̵...