The Group’s bottom line in 2024 was primarily affected by:
- a decrease in sales revenues by 6.9% to (PLN 59,333 thousand y/y), with declines recorded in all geographical markets;
- a decrease in the cost of sales by 14.5% (PLN 68,891 thousand y/y), to PLN 404,678 thousand;
- an increase in selling costs and general administrative costs by a total of 8.5% (PLN 22,366 thousand y/y) as a result of adapting budgets and marketing and sales activities to the current market and economic situation;
- a lower profit on other operating activities by PLN 2 964 thousand;
- a higher profit on financial activities by PLN 2,216 thousand, mainly due to a reduction in interest costs on loans taken out;
- a lower income tax by 13.0% (PLN 2,282 thousand y/y)
No other factors or events occurred in 2024 than those described in the report, including those of unusual nature, having a significant impact on the consolidated financial statements.
