Elektrotim looking for acquisitions, foreign market entry

Besides potential acquisitions in Poland, Elektrotim is eyeing entering foreign markets, especially in Europe and in the Middle East, according to CEO Andrzej Diakun. Elektrotim is interested in firms that would allow it to attain export sales. "We're interested in Europe as well as the Middle East Arabic countries: the United Arab Emirates, Saudi Arabia, Kuwait, Qatar," said Diakun. Elektrotim specializes in electrical installations and automated systems for construction and industry. The company has been listed on the WSE since 2007. Its consolidated revenues reached PLN 198 million in 2014, with net profits of PLN 1.35 million. It is a worse result than the PLN 7.5 million in profits in 2013.