Grodno forecasts a big year ahead

The CEO of Polish electrical goods and lighting equipment company Grodno has released his company’s forecast for the coming year, according to a Polish press report on Thursday. “In the coming years, we will consistently pursue strategic goals, strengthening the company's position in the industry. Our goal is to achieve a position in the top three on the market distribution of electrical goods and lighting equipment in Poland,” Andrzej Grodno said. Specifically, the company statement indicated that 10 percent growth in revenues, y/y, was expected in 2017. This would increase the firm’s annual income to PLN 344 million. It expected that net profits will remain constant. Grodno has been listed on the main market of the WSE since 2015.