Symbio Polska lowers 2018 sales forecast

Symbio Polska targets sales of frozen vegetables and fruit at PLN 12 million in 2018 compared to PLN 16.5 million estimated earlier. The company expects 2018 revenue from retail sales at PLN 11 million versus PLN 17.3 million seen before. The pressure of suppliers from outside the European Union in terms of quantity and price created a "demand barrier" on the European raspberry market, Symbio Polska said. Fruit prices in purchasing centers can be lower y/y, which will probably affect the sales prices but should not have a significant impact on margins, it added.