SALES REVENUES AND PROFIT

In 2016, the Group’s revenues reached PLN 575,636 thousand, increasing by 104.6% compared to the year before. Revenues on the sales of products are the main item contributing to the sales revenues. They represented 91% of all revenues in 2016, and the yoy sales growth rate was 105%. The remaining part of revenues (9%) comes from the sale of merchandise, materials and services. The structure of sales is dominated by domestic sales, which account for 78% of all sales, while export sales constitute 22%.

In 2016, the largest group of products sold, by value, was decorative products, which accounted for 86% of sales. The next group is construction chemical products with a 13% share in sales, while the share of industrial products was 1%.

In 2016, the cost of sales of decorative products was PLN 448,331 thousand and was 6% higher than in the previous year. The cost of sales of construction chemical products reached PLN 68,688 thousand marking a 1-percent increase from the previous year, while the sales of other industrial products amounted to PLN 7,421 thousand, or 7% less yoy. Sales of merchandise was PLN 39,463 thousand, which was 2% less than in the previous year. Sales of materials reached PLN 6,362 thousand, i.e. 8% more than in the previous year, while other sales (services) amounted to PLN 5,371 thousand, which was much more than in the previous year.

Sales of products by volume rose by 5 percent from the previous year.

The 2016 operating profit was PLN 64,663 thousand, which was PLN 528 thousand less than in the previous year. In 2016, the Group generated net profit of PLN 53,930 thousand. This is PLN 5,381 thousand more than in 2015. The net profitability stood at 9%, i.e. the previous year’s level.

In 2017, the Group intends to raise its return on sales and actively respond to any threats to the possibility of fulfilling its plans.

PROFITABILITY RATIOS

LIQUID INDICATORS

Consolidated statement of financial position