Mangata forecasts PLN 261 million in revenues in Q1, and sees an opportunity for PLN 1 billion troughout 2022

Mangata Holding forecasts to generate PLN 261 million in consolidated revenues in Q1 2022 (which would mean an increase by 43% y / y) and "identifies the possibility" of exceeding the level of PLN 1 billion in sales revenues throughout 2022, the company said.

"The forecasted sales revenues for the first quarter of 2022 are higher by approx. 43% (approx. PLN 79 million) than the revenues achieved in the corresponding period of 2021. All segments of the group's activity record an increase in sales revenues. The Segment of Automotive Components and Components increases sales revenues due to strong market demand, mainly in the American market. This segment continues to diversify sales, handling an ever-increasing portfolio of orders for components for customers outside the automotive industry, e.g. for the hydraulic industry. A similar situation occurs in the Fasteners segment, where strong demand is supported by the anti-dumping duty mechanism, ”the release reads.

Mangata Holding is an entity listed on the Warsaw Stock Exchange. Creates a capital holding that brings together entities from the metal industry operating in the following operating segments: automotive - components for automotive and components (companies: Kuźnia, MCS and Masterform), fittings and industrial automation (Zetkama, Zetkama R&D), fasteners (Śrubena) and non-production activities (Zetkama Real estate). Consolidated sales revenues of the company reached PLN 791 million in 2021.

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