Amica cap expenditure of PLN 150 million in 2021

Amica is planning approximately PLN 150 million in investment outlays in 2021, said Michał Rakowski, member of the management board for financial matters. In the following years, the scale of investments may be similar.

“In 2020, we finally completed approximately PLN 30 million in investment outlays, and the unrealized part will be transferred to 2021. This year, the value of outlays will amount to approximately PLN 150 million,” Rakowski said during the conference call.

He explained that the reduction in expenditure in 2020 was due to the pandemic situation. The company previously planned PLN 90 million of investments in 2020, and then reduced this plan to PLN 60 million.

In the strategy published in 2019, Amica assumed approximately PLN 500 million in capital expenditure in 2020-2023.

Amica is a manufacturer of household appliances, listed on the Warsaw Stock Exchange since 1997.


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