Apator with PLN 56 mln Capex for 2018
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WSE-listed metering solutions provider Apator will spend PLN 56 million in 2018 investing in new products. The company also expects lower revenue for this year after tweaking its strategy. “We’ve made the decision that it is better to sell less, but with a higher margin, we are planning to assemble a smaller number of energy meters and gas meters this year. We want to sell more intelligent products and implement integrated projects,” said Apator CEO Mirosław Klepacki. The company’s revenue will also suffer due to closing its non-core activity in the mining equipment segment and the completion of a large contract in Ethiopia.
