POLAND: Ambra revises 2006 figures forecast

By | 22 August 2006

Ambra has raised its profit forecast for its full year.

The Polish wine maker and distributor yesterday (21 August) lifted its net profit forecast for the fiscal 2005/2006 to 30 June to PLM21m (US$6.9m) from an earlier forecast of PLN20m. Ambra warned, however, that its operating profit for the year will come in closer to PLN33m than the previously predicted PLN40m. The company blamed the potential slide on higher projected operating costs and the adoption of International Accounting Standards.

In revenue terms, Ambra said that figures were more likely to reach PLN430m as opposed to the earlier forecast of PLN440m.

In the year to 30 June 2005, the company saw net profit reach PLN15.6m on sales of PLN371m.

Ambra, which also has a presence in Slovakia and Romania, is the leading producer of sparkling wines, table wines, vermouth, cocktails and non-alcoholic sparkling juices in Poland and Eastern Europe.

Sectors: Soft drinks, Wine

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POLAND: Ambra revises 2006 figures forecast

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