East Value Research comments the results of SARE in 2016
SARE’s full-year 2016 results were above EVR’s forecasts on the revenue level. While sales came in at PLN 41.3m (+8.1% y-o-y; EVRe: PLN 39.6m), EBIT and net margin equaled 12.9% (2015: 16.3%; EVRe: 13.7%) and 8.6% (2015: 9.9%; EVRe: 9.6%) respectively. The subsidiary Salelifter Sp. z.o.o showed the strongest improvement of sales (+137.7% y-o-y to PLN 2.1m) and net income (PLN 807k vs. PLN 681k in 2015).
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