Results of the Stelmet Group for 3Q 2016/17
Stelmet Group summarizes three quarters of the fiscal year 2016/17: Sales of the wooden garden architecture on the main markets of continental Europe are increasing, results under the influence of unfavourable situation in the United Kingdom. Stelmet Group, the leader in production and distribution of wooden garden architecture in Europe, achieved in the first three quarters of the fiscal year 2016/17 nearly 425 million PLN of revenues, EBITDA reached 48 million PLN and net profit amounted to nearly 24 million PLN. The published results are compliant with the preliminary estimates provided by the Company three weeks ago. In the third quarter itself, the Group's revenues amounted to over 196 million PLN, EBITDA exceeded 25 million PLN and net profit amounted to 13 million PLN.