Marvipol revenue to grow by 20%

Marvipol Development, a Polish apartment investment company, is going to increase sales by 20 percent in 2016-17. The company's  CFO Łukasz Sekuła claimed that their goal for the coming years is "a further increase of sales revenues." Officials expect to obtain that growth, both through previously purchased land, and the potential purchase of new land plots . Łukasz Sekuła mentioned that Marvipol is looking for plots in attractive areas, where it will be able to "generate at least 20 percent 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," Sekuła said. "We are talking here about growth of some several tens of percent compared to 2016."