IMC expects decrease of sales and EBITDA for current year
9 September 2016
Yesterday Industrial Milk Company reported on web-site of Warsaw Stock Exchange its expectations of main financial figures for the current year. Y2016 revenues are to make USD 122M (USD 140.4M in Y2015), EBITDA – USD 55M (USD 66.5M). Main reason of decline of main figures is lower sales of grains in 1H 2016 (vs. corresponding period of previous year, due to lower stock as of beginning of period), which means results for 2H are to be in line with previous year’s.