Other information

In 2023, the total capital expenditure in the Śnieżka Group amounted to PLN 33,847 thousand – including leasing PLN 926 thousand – and were by 36.7% (PLN 19,646 thousand) lower than in the previous year.  At the same time, the level of investment expenditure was lower by 19.4% (PLN 8,153 thousand) than the estimates presented in the Management Board’s Report on activities for 2022 (i.e. the amount of approximately PLN 42 million).

Investment activities carried out in the Śnieżka Group in 2023 were a continuation of the assumptions in this regard from previous years. The implementation of individual tasks was carried out in accordance with the approved material and financial plan, with certain adjustments resulting from the current needs of the Group or necessity to adapt to the changing conditions of the external environment.

The majority of the Group’s investment expenditures were outlays on development purposes carried out by FFiL Śnieżka SA. The total investment expenditures in the Company amounted to PLN 22,768 – including leasing PLN 492 thousand – and were by 49.1% (PLN 22,006 thousand) lower than a year earlier. The investments focused predominantly on the production area (replacement of equipment, expansion of production lines) and logistics (continuation of finishing works on the office part in the Logistics Centre in Zawada).