Ambra, manufacturer and distributor of alcohol, it is assumed that in the financial year 2014/15 will record higher yoy sales and improved operating result. Net profit is expected to exceed 16.5 million zł from the year 2012/13, and CAPEX will amount to approx. 14 million zł – told PAP Piotr Kazmierczak, chief financial officer of the company.
“We assume that in the year fiscal 2014/15 (fiscal year Ambra begins July 1 – ed. PAP) our revenues increase. expect a slight positive dynamics when it comes to selling wine. expect also that two to three times increase in the time sale of cider, both in terms of volume and value “- told PAP Kazmierczak.
In the financial year 2013/14 wine sales accounted for approx. 77 percent. Ambra revenue, soft drinks for approx. 9 percent., and liquors for approx. 7 percent. In the category of the other, the highest sales, at the level of approx. 10 million zł, made Cider region.
Revenue Ambra in 2013/14 decreased by 1.5 percent. and amounted to 418.2 million zł.
“The decrease in revenue was mainly due to lower by approx. 9 million zł export sales. responsible for a Russian market, where our turnover decreased by tens of percent. This is the effect of weakening the ruble against the euro over 20 percent., resulting in higher prices for our products and consequently less demand “- said Kazmierczak.
“If not for the Russian market, in the year 2013/14 zanotowalibyśmy a slight increase in revenue. On the other export markets, sales proceeded smoothly and on the Polish market turnover grew at a similar level to the entire market. we see that sales in Russia is slowly recovering, but the risk is still there “- he added.
In the year 2013/14 wine market in Poland grew by 2.7 percent. Ambra estimates that this year will increase by 3-5 per cent.
In the year 2013/14 Ambra recorded 30.2 million zł operating profit (down by 5.6 percent. Yoy) and 26.1 million zł net profit (increase of 57.6 percent. yoy). The company announced that full-year profit received one-time shot of a deferred tax asset in the amount of 9.5 million zł.
“It is known that due to the mentioned one-off, this year we will not improve yoy net profit, but the profit will exceed 16.5 million zł from the year 2012/13. We also plan to improve the operating result “- said Kazmierczak.
In the year 2014/15 at a similar level to last year is to be CAPEX Ambra.
“In the year 2013/14 investment spent 13.2 million zł to the proposed 16 million zł. portion of investments moved us to the current financial year, so this year’s CAPEX will be approx. 14 million zł” – said the CFO.
He added that Ambra has no plans for the time being larger acquisitions and intends to focus on brand development Cider region.
“We do not expect that this year will reach cider break even, because this segment still requires some investment. gains, however, appear in the next year “- said Kazmierczak.
” cider market in Poland is very promising. Estimates indicate that over five years it may be 30-50 million liters, although there are predictions that say about 80-100 million liters. Our business plans assume the first scenario. It means that cider would be 0.8-1.5 percent. market share of beer “- he added.
He recalled that in Western European countries, this share is 1-2 percent., although there are countries where the cider is consumed much more, for example. in the UK, its share in the beer market is nearly 15 percent.
“Our market is still immature, but keep in mind that as the largest producer of apples in Poland we have the potential for doing so, to become a significant producer of cider. It should be noted that the countries strong in exports of wine, or beer, had to first build a strong internal market and a strong brand. We would like to see such a scenario is fulfilled in the case of Polish “- said Kazmierczak.
Ambra at its plant in Biłgoraj is able to produce approx. 10 million liters of cider per year.
Jolanta Wasiluk ( PAP)
jow / JTT /
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