In 2014, Amica Group grew its sales revenue by 22% year on year to PLN 2,028,295,000 (approximately £351,850,000), the manufacturer has announced. EBITDA and profitability have grown in line with the main increases in revenue recorded in the home market of Poland, along with Germany and in the markets of southern Europe, Amica adds. The UK contributed some of the most dynamic growth, up more than 50% over the same period.
During 2014, the Amica Group began selling its ranges of built-in and freestanding appliances in new markets such as Spain, Portugal, Iran, Iraq, Morocco, Vietnam and Australia. Significant growth of built-in categories; cooling, ovens and hobs, as well as freestanding cookers was a key factor for growth in all markets despite extremely variable macroeconomic circumstances in Eastern European markets and Russian currency depreciation, Amica says.
UK & Ireland country manager Simon Freear explained: “The independent electrical and kitchen retailer has been loyal to Amica over recent years. By building on this solid foundation with new products, technology and services the brand is now in a position to build exponentially on the groundworks we have all worked so hard to lay. Consumer awareness is growing and with a new extended range of induction hobs, hoods and a new suite of cooking products including double ovens in all fuels, the brand is poised to achieve great things in the UK and Ireland.”
He added: “The UK is a very important market to Amica and those doing business with us can expect exciting things during 2015/16.”
