Warsaw, 12.02.2019 (ISBnews) – Famed Żywiec achieved over PLN 2.3 million in EBITDA, with revenues of over PLN 55 million in 2018. The company’s goals until 2023, in addition to strengthening its dominant position on the domestic market, include investing and increasing its presence in Central and Eastern Europe, the former CIS countries, the Middle East and North Africa, as well as increasing its involvement in other African countries, the company said.
– The company exceeded the PLN 50 million annual revenue level for the first time since 2008. In the past 12 months, the overall sales growth was over 25%, compared to 2017. On the Polish market, Famed achieved 49% of the company’s revenues last year, and the share of exports amounted to 51% (in 2014 this indicator reached 44%). The level of turnover achieved in 2018, with an appropriate margin and cost policy, allowed to exceed the budget assumptions regarding the amount of EBITDA by 16%,» reads the announcement.
As informed by Famed Żywiec Vice President Marek Suczyk, the company has had an extremely successful five years, and the figures for 2017 and 2018 confirm the growth of the business, which is the result of the effective implementation of the established strategy.
– The company’s transformation, conducted since 2014, is the foundation for harmonious development and strengthening of our market position. After a rough start, we have managed to quickly rebuild confidence in the Famed brand. The developing sales network allows us to strongly appear in the world, where we often compete effectively with the strongest global manufacturers thanks to the quality and reliability of our equipment,» said Marek Suczyk, quoted in the release.
Last year Famed achieved the most dynamic growth in Central and Eastern Europe and Africa. Revenues from deliveries to Romania, Serbia or Hungary increased by 65%, year on year. These markets are an increasingly important area of the company’s operations. Revenues from sales in Africa were almost doubled.
– Assessing the past five years, I can say that we are extremely satisfied with the development of the company under the leadership of the current management team. This is the result of constant striving to improve operational activities, significantly increasing the value of the company. This brings tangible benefits not only to investors, but also to customers and patients. We have no doubt that together we will be able to achieve all our strategic objectives,» said Anton Forint, Director of EIOPA. – said Anton Forint, Director at EMSA Capital of the fund that acquired the Żywiec-based company in April 2013.