Marvipol development to grow sales revenue by 20% in 2016-17

Marvipol development, a Polish apartment investment company, is going to increase sales by 20% in 2016-17.  CFO Lukasz Sekula claimed that their goal for the coming years is "a futher increase of sales revenues". Officials expect to get that growth via both already purchased and potential purchase of new land plots . Lukasz Sekula mentioned that Marvipol is looking for land plots in attractive areas, where it will be able to "generate at least 20% gross margin on sales in the coming years." "This year the level will be similar y/y, while high sales in years 2016-17 will have a significant impact on the increase of apartments handed over starting from 2018 and then we will see a visible growth of revenues booked," Sekula said. "We are talking here about a growth of some several tens of percent compared to 2016."