An ambitious plan of Action

Shares of Action, the second largest hardware distributor on the domestic market, debuted on the Warsaw stock exchange up 16% from their issue price. The price fell during the day, however, and eventually settled around the issue price. "We will prove to our shareholders that they have made the right choice", declared the company's president Piotr Bieliński. He promised that the company would double its revenues within 4 years. Action is to generate revenues of zł.1.75 billion in the next accounting year, as compared to zł.1.45 billion this year. Action managed to obtain zł.54 million from the issue. The funds will increase its current assets and will be allocated for investments in Ukraine. Bieliński declared that Action is also interested in acquisitions. "We do not want to buy our competitors, since they have the same offer as we do. We are interested in niche companies with annual revenues of zł.100 million", stated Bieliński. (Puls Biznesu, p.11) E.B.