- March 26, 2024 – adoption of the strategic goals of the Śnieżka Group, which include achieving the following financial and non-financial assumptions by 2028:
- consolidated net revenues of the Śnieżka Group at the level of PLN 1.1 billion,
- a consolidated operating profit margin of the Śnieżka Group increased by depreciation (EBITDA margin) of 18%,
- higher than 20% share of the Śnieżka Group achieved in each of the key markets: Poland, Hungary and Ukraine.
- achieving brand recognition on key markets for the Śnieżka Group: Śnieżka, Magnat, Poli-Farbe and Vidaron as one of the first three paint brands indicated by consumers in the recognition study,
- systematic improvement of sustainable development indicators of Śnieżka Group companies assessed by EcoVadis,
- building an engaging work environment expressed by a positive level of recommendation by Śnieżka Group employees in the eNPS survey.
Key events – timetable
The most important events and agreements concluded in 2024:
The Śnieżka Management Board adopted the above-mentioned strategic goals considering the following core assumptions:
- the conditions for conducting business activities will not change significantly, in particular the legal, tax and administrative regulations in the key markets where the Śnieżka Group operates: Poland, Hungary and Ukraine.
- there will be no extraordinary one-off events that could not be predicted on the date of adoption of the strategic goals,
- the value of consolidated net profit allocated to the payment of dividends by decision of shareholders during the General Meeting of Śnieżka will remain in line with the assumption adopted by the Management Board of Śnieżka so far regarding the recommendation to pay dividends,
- Investment expenditure are to be carried out in accordance with the adopted plan.
The Management Board of Śnieżka indicated that the adopted strategic goals do not constitute a forecast or estimate of the future performance of the Śnieżka Group, but only indicate the intended courses of action until 2028 (report No. 2/2024 of March 26, 2024).
- March 26, 2024 – recommendation of the Management Board regarding the amount of dividend for 2023 in the amount of PLN 3.17 per share, i.e. in the total amount of PLN 39,998 thousand (report no. 3/2024 of March 26, 2024),
- April 26, 2024 – the Annual General Meeting was held, which:
- approved the Management Board’s report on the activities and the financial statements for 2023;
- the net profit for 2023 in the amount of PLN 69,528 thousand was distributed, establishing the dividend at PLN 3.17 per share, i.e. in the total amount of PLN 39,998 thousand. The remaining part of the profit in the amount of PLN 29,529 thousand was allocated to reserve capital,
- approved the Management’ report on the activities of the Śnieżka Group and the financial statements of the Group for 2023;
- granted a vote of acceptance to the members of the Company’s bodies for performing their duties in 2023;
- the “Report on the remuneration of Members of the Management Board and Supervisory Board of FFiL Śnieżka S.A.” for 2023, was given a positive opinion,
- the Remuneration Policy for Members of the Management Board and Supervisory Board of Fabryka Farb i Lakierów Śnieżka SA was adopted,
- changes to the principles of remuneration of Supervisory Board Members forming the Audit Committee of Fabryka Farb i Lakierów Śnieżka SA were adopted.
- May 29, 2024 – dividend payment,
- December 17, 2024 – Appointing a new member of the Management – the Supervisory Board appointed Mr. Dawid Trojan as a member of the Śnieżka’s Management Board from January 1, 2025 for the duration of the 9th term of office of the management (report no. 10/2024 of December 17, 2024).
The most important events after the balance sheet date:
After the balance sheet date, the Company did not conclude any important agreements and no events of a significant nature occurred in the Group.