Mangata Holding: 5.3% revenue growth in Q1 2023
Mangata Holding, a Polish industrial group operating in production of subassemblies and components for the automotive industry, valves and industrial automation as well as fasteners, in the first quarter of this year reported PLN 277.3 million of consolidated sales revenue. The result achieved was higher by 5.3% compared to the same quarter last year. In the reporting period, the Group maintained high profitability on gross sales, which amounted to 22.6%. EBITDA for the first quarter of 2023 amounted to PLN 40.8 million compared to PLN 41.2 million in the corresponding period of 2022. The holding company generated a consolidated net profit of PLN 22.1 million.