Amica sees 2018 EBITDA margin at least similar to 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 pp. to 6.7 percent. Revenues grew 10 percent y/y to PLN 633.9 million.

“I hope that in the next quarters we will maintain positive dynamics, although not as high as 10 percent, but the increase in revenues will be significantly positive,” Kocikowski said.