Stock Spirits Boosts Payout Amid Improved Trading In Key Poland Market | London South East

“2017 was a year of stabilisation for Stock Spirits, and one in which we embedded the significant changes accomplished in 2016,” Stock Spirits Chief Executive Officer Mirek Stachowicz said. “Turning around the performance in our largest market, Poland, was the group’s top priority during the year and, through a combination of strategic investment, realigned pricing and numerous other operational initiatives, we believe that the business has now stabilised.”

“As a result,” Stachowicz said, “we are delighted to be reporting today that we have delivered growth in volume, revenue, market share, profitability and cashflow across the group during the year.”

In 2017, revenue from Poland – which represents 54% of total revenue – grew 6.8% to EUR147.7 million. Stock Spirits emphasised, however, its main competitor continued to undertake an aggressive pricing strategy. Despite this, Stock Spirits continues to grow share in volume and value in the country since December 2016.

“Whilst these results are encouraging, we remain vigilant and the market, though stable, remains highly competitive,” Stachowicz explained.

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Stock Spirits Boosts Payout Amid Improved Trading In Key Poland Market – Finance News – London South East.