Alpisens looks to increase exports

One of Poland’s leading manufacturers of measuring instrumentation said on Monday that it expects to increase its exports to the EU, after a disappointing Q3, according to the company’s CEO Adam Żurawski. “In the third quarter in the EU, the market was weaker than expected, but in the coming quarters we expect greater growth,” he indicated. During the first nine months of the year, however, sales to other EU countries did increase by 15 percent. The main source of the lower-than-expected profits during Q1-Q3 was poor domestic sales, the report said. Żurawski added, “Declines in the domestic market are related to the very low level of investment. The reason is the prolonged absence of the prospect of EU subsidies...and the situation in the energy sector, which has allocated a lot of resources to rescue the mining industry.” According to the company’s financial report, which was released on Monday, sales revenues from its exports to EU countries totalled PLN 12.2 billion, out of total revenues of PLN 75.2 million. The company makes, among other things, devices that measure water and air pressure, needle valves, and products for the automotive industry.