Pfleiderer Grajewo announce record Q3 revenues

The revenues were 16.5% higher than last year. "In addition the profit was generated despite the strong zloty (which is not beneficial for us as exporters) and higher the price of wood," added Grajewo president Paweł Wyrzykowski. The revenues of the whole capital group in Q3 stood at zł.269 million. "Good sales results are mainly the effect of increasing supplies for newly acquired clients," stated Wyrzykowski. Among new Grajewo's customers are IKEA and other domestic and foreign companies from the furniture sector. The company hopes to maintain revenues and operational profitability this year at the same level as in a very good 2004. "It is going to be difficult. Nevertheless, we believe that the group's revenues will total around zł.1 billion," declared Wyrzykowski. (Puls Biznesu, p. 11; Parkiet, p. 5) E.B.