In Q1 2023, the Sniezka Group generated sales revenues of PLN 201.4 million, which is 6.1% higher than the same period last year. At the same time, Sniezka recorded a consolidated net profit attributable to shareholders of the parent company of PLN 16.31 million in Q1 2023, compared to a profit of PLN 11.1 million in the previous year.
The results were primarily influenced by sales growth in the Polish market, which dominates the group's total revenues, and the ongoing trend of premiumization. However, the management expects a negative impact on demand in the near future due to changes in the market environment, such as continued inflation.
According to the company's communiqué, the total value of capital expenditures in the Group for 2023 will be significantly lower than the previous year. Based on the current projections of the management board of Sniezka SA, it is estimated to be around PLN 35 million.
According to the company's communiqué, in 2023 the total value of capital expenditures in the Group will be significantly lower than a year earlier, and according to current projections of the management board of Sniezka SA, may amount to about PLN 35 million.
Today we present the valuation of Sniezka, prepared by companyvalueradar.com
Sniezka Paint and Varnish Factory is one of the leading paint and varnish manufacturers in Poland. In 2003, it debuted on the Warsaw Stock Exchange. Its factories are located in Poland, Ukraine, Belarus and Hungary. It had PLN 791.7 million in consolidated revenues in 2022.
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