Tailored profits

Artman posted a net profit of zł.3.2 million in 2005.

"We are sticking to our prognosis and plan to post a net profit of zł.6 million in 2006 and obtain revenues of zł.200 million. At the end of this year our sales network will consist of 137 shops against 102 in 2005," said Krzysztof Bajołek, Artman CEO. Artman will open the new shops both in Poland and abroad. It already has 18 outlets outside Poland - in Russia, the Baltic States, Slovakia, the Czech Republic and Germany. Fifteen of them opened last year, boosting the company's export revenues from zł.2.9 million in 2004 to zł.10 million last year.

In 2006 Artman has earmarked zł.12 million to develop its sales network. The company is also launching a marketing campaign for the House brand.