Śnieżka with PLN 55.8 mln 2017 net profit

WSE-listed paint producer Śnieżka had PLN 55.89 million consolidated net profit in 2017, up from PLN 53.09 million profit in 2016, the company said in a market filing. Revenues from sales amounted to PLN 567 million, down from PLN 575.6 million in the previous year. Gross margin stood at 39.8 percent in 2017. “Last year was a time of many challenges and decisions important from the perspective of our strategic assumptions. By maintaining market shares and gaining a leading position in the industry, we have confirmed our consistency in achieving our business goals. Noteworthy are the record-breaking profitability parameters in our history, such as net profit, gross margin, and EBIT,” said Snieżka CEO Piotr Mikrut.