Warsaw, Poland
www.sniezka.com
PRIVATE COMPANY; YEAR ESTABLISHED: 1984
REVENUE: $215 million
MARKETS SERVED:
Architectural coatings; Construction coatings; Exterior coatings; Wood and metal preservation
KEY EXECUTIVES:
Piotr Mikrut, president of the Management Board; Zdzisław Czerwiec, Witold Waśko and Joanna Wróbel-Lipa, VPs of the Management Board.
Warsaw, Poland-based Śnieżka Paints and Varnishes Plant S.A. had an excellent year in 2023, with PLN 857.8 million ($215 million) in sales revenues in 2023, a year-on-year increase of 8.3%. EBITDA and net profit also grew in 2023, to PLN 159.4 million ($40 million, a 50.1% increase) and PLN 83.5 million, ($21 million, a 102.3% increase) respectively.
The sales growth was largely driven by a 10% year-on-year increase in sales in the group's key Polish market. The value of domestic sales reached PLN 591.1 million ($148 million), which represented 69% of consolidated revenues. Sales in Ukraine increased 29.6%, while sales to Hungary declined 6.3%.
“In the challenging environment of high inflation and interest rates, which led to weakened consumption, we achieved very good results in 2023,” said Joanna Wróbel-Lipa, vice president of the Management Board of Śnieżka SA. “We are particularly pleased with the achievement of the goal of returning to the profitability levels achieved before the pandemic.”
Sniezka has seven manufacturing facilities – four in Poland and one each in Ukraine, Belarus and Hungary. Its major brands include Magnat, Śnieżka, Poli-Farbe, Vidaron, Rafil and Foveo-Tech. The company has 1,100 employees.
Śnieżka places a strong emphasis on sustainability, and earned the Gold Medal from EcoVadis in August 2023.
“This is our first assessment, which is why we are even more proud of such a successful debut and the gold medal awarded by EcoVadis,” said Peter Mikrut, president of the Management Board of FFiL Śnieżka SA, in receiving the honor. “It is also proof that thanks to the Sustainable Development Strategy of Śnieżka 2023+ we have set our ESG activities in the right direction. By implementing the set goals, we not only confirm that we are a responsible company, but also provide benefits to the environment and our customers.”
