Red-hot growth
The first quarter of this year brought fire-safety-system producer Mercor Group consolidated revenues of zł.82.6 million and a net profit of zł.7.26 million, marking y/y growth of 54 percent and 279.5 percent, respectively.
"I expect to maintain this trend over the next few quarters," said Grzegorz Lisewski, the vice chairman of the management board and director of finance of Mercor.
The firm's good results stemmed from increased demand for the company's products - sales in Poland, the Czech Republic and Slovakia grew by 30 percent in Q1. The company also developed exports to Ukraine.
Mercor is also growing through acquisitions. The firm took over Tecresa, a Spanish company with a similar profile, in February. Mercor hopes that synergy between the two firms' activities and new distribution markets will further boost its results. In Q1, Tecresa's revenues reached zł.23.34 million and its net profit was zł.3 million.
Mercor is currently involved in another acquisition. It is purchasing a full stake in BEM Brudniccy, a producer of steel and wooden doors as well as fireproof walls, and signed a preliminary contract in mid-May.
Mercor's activity is tied to the situation on the construction and development market, and, according to Sobiesław Kozłowski of brokerage BM BPH, these markets still have prospects for growth despite the residential slowdown. "The market is prosperous," he said, pointing to the commercial and industrial sectors."
