17:34 25 November 2024
Amica sees slight improvement in sales in Polish market, but not others
Amica reported a 9% y/y increase in Polish sales in Q3 2024, attributing the growth to improved market conditions and the efforts of its sales teams. The company saw a sales boost in Central Asia but faced declines in other regions, particularly Eastern Europe. For the first nine months of 2024, Amica's revenue fell 11% y/y to PLN 1.9 billion, reflecting reduced demand for household appliances in Europe. While sales in Poland rose by over 9%, it wasn't enough to offset losses in other markets. The company also reported a 29% drop in EBITDA and a significant decrease in operating profit. Amica is implementing its "Back to Profitability" strategy to return to growth.
(ISBnews)
