Strategic objectives

In 2023, the Management Board, with the involvement of the managerial staff, worked on defining strategic objectives for the Group for the coming years. Together with the publication of this annual report, we decided to announce new strategic objectives of the Śnieżka Group until 2028. Not only will their implementation increase the financial value of the Group, but will also strengthen its market position. Taking into account the financial aspect, by 2028 we intend to achieve consolidated net revenues of PLN 1.1 billion, with an EBITDA margin of 18%. In addition, one of the strategic assumptions is a market share higher than 20% in our key countries, i.e. Poland, Hungary and Ukraine.

PLN 1.1 billion

we intend to achieve consolidated net revenues

20%

strategic assumptions is a market share higher than in our key countries, i.e. Poland, Hungary and Ukraine

We will also focus on further increasing the recognition of our core brands: Śnieżka, Magnat, Polifarbe, Vidaron, so that they can become the first three brands indicated by consumers in recognition studies carried out on our key markets. Another element of our plans is the systematic improvement of ESG indicators assessed by the renowned EcoVadis company. The strategic objectives also include building an engaging work environment, which will be measured by eNPS research among the Group’s employees. In this respect, we will strive to obtain a positive result, demonstrating the satisfaction and commitment of the team.

The adoption of these objectives is based on the assumption that the conditions for conducting business activities will remain stable, which includes legal, tax and administrative regulations in Śnieżka’s key markets. The Management Board also assumes that there will be no extraordinary one-off events that could affect the implementation of the strategy.

Additionally, these plans assume maintaining the Management Board's objectives regarding the dividend payment recommendation (in accordance with current report 5/2022).