05.23.25
Śnieżka Group generated PLN 172.2 million ($45.7 million) in sales revenue in Q1 2025, almost the same as in the same period of the previous year. In the reported quarter, EBITDA amounted to PLN 26.6 million ($7 million) compared to PLN 26.3 million a year earlier, while net profit reached PLN 10.8 million ($2.87 million) compared to PLN 10.6 million in Q1 2024.
In the period under review, the group's results were affected by the still challenging macroeconomic situation, weakening consumer activity, and the lack of improvement in the paint market, where year-on-year sales volumes were comparable. A particularly challenging situation is observed in Hungary, where sales in Q1 2025 fell by almost 18% year-on-year.
“We expect that 2025 will bring stabilization of sales volumes on a market scale, with a chance for a small increase, although it will be rather symbolic,” said Piotr Mikrut, chairman of the board. “The situation in our industry depends largely on consumer attitudes and decisions of central banks, which may affect the level of household spending.
“After an intensive period of development investments implemented in recent years, we are currently focusing on maintaining operational efficiency, planning net capital expenditures this year at a level of approximately PLN 41 million,” Mikrut added. “In terms of raw materials, we expect a continuation of the trend from 2024 - relative stabilization of prices and possible, moderate increases in some components.”
EBITDA profitability in the period under review amounted to 15.5%, which is an increase of 0.2 percentage points compared to the previous year. In Q1 this year, the gross sales margin increased to 49.5% compared to 48.4% in the same period of the previous year, which resulted from a favorable relationship between production costs and sales value.
The value of domestic sales in Q1 2025 reached PLN 128.5 million ($34.1 million), which means an increase of 3.3% year-on-year, constituting 74.6% of consolidated revenues. On the Hungarian market, revenues decreased by 17.9% year-on-year, reaching PLN 18.9 million. Sales on the Ukrainian market amounted to PLN 18.7 million, which means a decrease of 1.3% year-on-year.
At the end of March 2025, the Group's net debt/EBITDA ratio was 1.58, compared to 1.88 a year earlier.
In the period under review, the group's results were affected by the still challenging macroeconomic situation, weakening consumer activity, and the lack of improvement in the paint market, where year-on-year sales volumes were comparable. A particularly challenging situation is observed in Hungary, where sales in Q1 2025 fell by almost 18% year-on-year.
“We expect that 2025 will bring stabilization of sales volumes on a market scale, with a chance for a small increase, although it will be rather symbolic,” said Piotr Mikrut, chairman of the board. “The situation in our industry depends largely on consumer attitudes and decisions of central banks, which may affect the level of household spending.
“After an intensive period of development investments implemented in recent years, we are currently focusing on maintaining operational efficiency, planning net capital expenditures this year at a level of approximately PLN 41 million,” Mikrut added. “In terms of raw materials, we expect a continuation of the trend from 2024 - relative stabilization of prices and possible, moderate increases in some components.”
EBITDA profitability in the period under review amounted to 15.5%, which is an increase of 0.2 percentage points compared to the previous year. In Q1 this year, the gross sales margin increased to 49.5% compared to 48.4% in the same period of the previous year, which resulted from a favorable relationship between production costs and sales value.
The value of domestic sales in Q1 2025 reached PLN 128.5 million ($34.1 million), which means an increase of 3.3% year-on-year, constituting 74.6% of consolidated revenues. On the Hungarian market, revenues decreased by 17.9% year-on-year, reaching PLN 18.9 million. Sales on the Ukrainian market amounted to PLN 18.7 million, which means a decrease of 1.3% year-on-year.
At the end of March 2025, the Group's net debt/EBITDA ratio was 1.58, compared to 1.88 a year earlier.
