Locked content Amica Q2 net profit soars

WSE-listed white goods producer Amica had PLN 71.4 million consolidated net profit in Q2, an impressive 233.9 percent gain y/y. Operating revenue stood at PLN 38 million, up by 26.4 percent y/y, while revenues reached PLN 524.6 million, a 7.5 percent y/y increase. The Q2 results were boosted by a PL...

Locked content Amica Q4 profit up

WSE-listed white goods producer Amica, had PLN 27.82 million consolidated net profit in Q4 2016, up from PLN 24.43 million y/y. Operating revenue stood at PLN 39.76 million, down from PLN 42.4 million y/y. Sales revenue reached PLN 669.7 million vs PLN 625.16 million y/y. For the whole year, profits...

Locked content Amica tempers growth expectations

One of Poland’s leading manufacturers and exporters of household appliances, Amica, has released its forecast for revenue growth in 2017 and 2018, according to a Polish press report late on Thursday. Earlier this year, it had predicted growth of PLN 3.4 billion per year. However, according to the co...

Locked content Amica intends to increase revenue to PLN 2.5-2.6 bln

Kitchen appliance producer Amica Wronki aims to increase its revenues in 2016 to PLN 2.5-2.6 billion. In 2015 the company’s income equaled PLN 2.09 billion. “For this year we plan to raise consolidated revenues to PLN 2.5-2.6 billion, including the turnover of the acquired CDA company. H...

Locked content Amica takes over UK’s CDA

Kitchen appliance producer, Amica has signed a deal to take over a 100 percent stake in logistics company, CDA for £24.3 million, the company said. The price includes CDA’s financial assets totaling £7 million. The transaction is financed from the company’s own means and a bank loan. Ami...

Locked content Amica plans big investments by 2018

Kitchen appliance producer Amica has earmarked some €160 million for investments to be spent by 2018 . As much as 40 percent of the amount will account for acquisitions abroad, Andrzej Sas, the CEO at Amica Handel I marketing told wnp.pl web portal. Sas stressed that the foreign markets are “v...

Locked content Amica closer to finalize acquisitions in France and UK

Kitchen appliance manufacturer Amica will soon complete  its purchase of a stake of a French distributor, Rzeczpospolita  reported. Allegedly, the firm is also negotiating similar deal with a British provider. In France, Amica will acquire a 40 percent stake in one appliance manufacturer for €1.5 mi...

Locked content Amica set to finalize two acquisitions

Kitchen appliances producer Amica wants to finalize two takeovers, one in France and the other in “Western Europe, on one of four markets: France, Great Britain, Italy or Spain,” said Wojciech Kocikowski, deputy CEO of the company. In France, Amica will acquire a 40 percent stake in one ...

Locked content Amica goes West

Appliance manufacturer Amica is going to enter the Spanish market and is considering a few acquisitions in western Europe, parkiet.com reported. The company sees potential to strengthen its position in Ukraine as well. Amica is launching sales in Spain this year and is working on a completion of a &...

Locked content Amica CEO sells minority stake to fund

Jacek Rutkowski, CEO of home appliances producer Amica Wronki, has sold 400,000 shares in the company to a Polish investment fund, the firm said in a statement on Thursday. The shares stand for 5.1 percent in Amica’s equity and 3.8 percent in voting power. “I am happy to see high interest in Amica f...