The activity of the Śnieżka Group’s companies is characterized by the phenomenon of seasonality.
It is related to the intensity of renovation and construction works in particular periods of the year, which is generally higher in spring and summer. The Group usually generates higher revenues in the second and third quarters of each financial year. They constitute approx. 60-65% of its annual sales revenues.
The occurring phenomenon of seasonality also affects:
- the change in the need for working capital, which is a lot higher in the second and third quarters of the financial year compared to the end of December of the previous year,
- the output level in selected companies of the Group in particular months of the year and – to a certain extent – the resulting level of employment (seasonality does not apply to FFiL Śnieżka SA, in which the production cycle lasts all year round).