DESCRIPTION OF THE GROUP

Description of the Śnieżka Group

The Śnieżka Group is formed by companies operating in collaboration and connected by ownership and manufacturing ties. Comprehensive organization and responsible management of resources and procurement results in efficient operation of the Group and greater profits for Shareholders. The cooperation involves supplementary activities and offers benefits from synergies.

Detail description of companies forming the Śnieżka Group

Fabryka Farb i Lakierów Śnieżka SA - Parent Company

Informacje o firmie

Registered office:

00-854 Warszawa
Aleja Jana Pawła II 23
Mazowieckie voivodship

head office: 14 681 11 11
or 22 221 93 19

fax: 14 682 22 22

Branches:

Lubzina 34 a, 39-102 Lubzina,
commune ropczycko-sędziszowski,
Podkarpackie voivodship

Brzeźnica, ul. Dębicka 44,
39-207 Brzeźnica,commune dębicki,
Podkarpackie voivodship

Pustków 604,
39-205 Pustków,commune dębicki,
Podkarpackie voivodship

Registration:

The Company operates on the basis of the Articles of Association adopted by the Shareholder Meeting prepared in the form of a Notary Deed Repertory A no. 121/98 supplemented by Deed No. 754/98 of 16 February 1998. The Company was registered in the commercial register by the District Court in Rzeszów, 5th Commercial Division, on 17 February 1998 under RHB-Section B file no. 1818. It was registered in the National Court Register under file number 0000060537 on 12 November 2001 by the District Court in Rzeszów, 12th Commercial Division of the National Court Register. The Company was registered in the Central Statistical Office and received REGON number 690527477 and in the tax register where it was awarded a NIP number 818-14-33-438.

Company’s line of business:

Manufacture of paints, varnishes, solvents, filling putty, manufacture of resins, manufacture of glues, trading and financial intermediation, domestic and international freight transport by road, freight forwarding, manufacture of construction materials, construction, wholesale and retail trade, except for sale of motor vehicles, manufacture of chemicals and chemical products, scientific and research development, rental and leasing activities, etc.

Share capital:

As at 31 December 2016, the Company’s share capital was PLN 12,617,778 and consisted of 12,617,778 shares with the nominal value of PLN 1 each. The Company’s share capital level did not change in 2016.

Strategic goals

śnieżka

Strategic goals of the Śnieżka Group are focused on expanding its operations to successive European and non-European markets, while maintaining the leading position on the Eastern markets, with Poland being the key market. The Group intends to achieve this goal by focusing on selected countries of the Central and Eastern Europe and the Western Europe and building a leading position in those countries. For the Group, identification of the markets mentioned above as promising is the basis for developing a long-term presence strategy for those regions. The strategy of the Śnieżka Group assumes that those goals will be realized while taking the following assumptions into account:

  • maintaining the image of an attractive and reliable partner for both suppliers and customers of the Group, competing with innovation and flexibility defined among others as development of R&D, building quality advantage and openness to change,

  • developing multi-channel sales, including focus on in-depth customer segmentation and on the development of a competitive value offering for the customers;

  • competing through competence: promoting employee growth and building the high value of human capital;

The Group intends to improve its market potential by acquiring new selling markets and continuing to develop the offering under Śnieżka, Magnat, Vidaron, Foveo-Tech and Beston brands. Within the framework of its development strategy, the Group is interested in organic growth but also growth through equity investments. The management board of the parent company has set it as a goal to build strong and permanent relations with its trading partners, employees, shareholders as well as consumers. The Group will continue to support its trading partners, distributors and retailers in terms of information, marketing and training, by developing for them a competitive value offering.

Sustainable growth consistent with the adopted strategy should allow the Group to achieve the leading position on its key markets.

Issues related to human resources

In the Śnieżka Group, human resource management is conducted based on the conviction that the success of an organization depends on the people who work for its benefit and that employees are the most precious asset of an organization. Thanks to their commitment, passion, skills and attitudes supporting organizational values, the Company is able to set ever more ambitious objectives and, by achieving them, become a benchmark for the competition. As a continuously learning organization, we put emphasis on making sure that both our achievements and possible failures build up our experience and provide energy for walking the road to success.

śnieżka

In 2016, the Parent Company made a lot of efforts aimed at redefining its HR strategy and consistently implement all its elements. The strategy, which follows from the Parent Company’s vision, mission and business objectives, is focused predominantly on building a culture of deep involvement and genuine, above-average identification of employees at all levels of management with the direction set by the Management Board. That is why, in 2016, we studied the motivations of our employees and analyzed our performance management system, in particular our employee assessment system as its component, and focused on improving the leadership potential of our management. We also focused on the development of solutions that provide our staff with the best possible working conditions and opportunities for growth and self-fulfillment.

Being fully aware that our success largely depends on the current knowledge and specialized skills of our staff, we remembered to invest in the development of their expertise by offering them participation in various types of training, courses, conferences, seminars and postgraduate studies. Some of them were of a mandatory nature (their objective was to update or extend the required licenses), while others were aimed at updating the employees’ skills in line with the rapidly changing market needs and the technological progress in and around the organization. In 2016, the number of all training courses was 20% higher than the year earlier. In 2016, there was an increase in the Śnieżka Group’s headcount: from 884 staff as at 31 December 2015 to 974 staff as at 31 December 2016. The headcount in the Parent Company increased by 89 persons (from 628 staff as at 31 December 2015 to 717 staff as at 31 December 2016).