Mangata published its results for Q1 2024

In the first quarter of 2024, the Mangata Group generated PLN 221 million of consolidated sales revenues, which is a 20% decrease compared to the previous year. Gross sales profitability in the reporting period amounted to 20.3%, and the Group’s EBITDA reached PLN 33.3 million with a margin of 15% (increase from 14.7% y/y). Consolidated net profit amounted to PLN 15.4 million with a net margin of 7% (down from 8% y/y).

The Holding implements strategic projects in production and market areas that contribute to maintaining high levels of financial results. Thanks to new sales initiatives, the company expects to maintain safe revenue levels in the coming months, despite the unfavourable market environment.

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