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. However, we hadn't predicted such a deep crisis in the East while planning this strategy," Amica's Vice Precident Piotr Skubel declared. The Vice President also emphasized that the EBITDA margin must fall to 7-8 percent. Meanwhile, ROCE is assumed at 14-15 percent. Amica has been listed on the WSE since 2007.