Apator beats expectations with PLN 27.6 mln Q4 profit. Mulls acquisitions

WSE-listed industrial machinery producer Apator, had PLN 27.6 million in attributable net profit in Q4, slightly above PLN 24.2 million expected by analysts and with PLN 14.5 million y/y increase. Revenue stood at PLN 25.18 million vs. PLN 18.66 million in Q4 2015. For the whole 2016, Apator had PLN 61.64 million in attributable net profit, up from PLN 60.1 million in 2015. The company also had a 28.3 percent growth in exports. The company's CEO Andrzej Szostak said that Apator is “constantly” monitoring the mearket for potential acquisitions, but is not conducting any negotiations at this moment. The company's forecast of PLN 900-950 million revenue for 2017 does not include any potential takeover deals, Szostak said.