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Amica SAAmica aims to significantly cut losses in France and Spain; will announce '25 dividend in Q1 2026
Listed white goods producer Amica expects a major reduction in losses on the French and Spanish markets next year, while counting on a continued sales improvement of its British subsidiary, deputy CEO Michal Rakowski told a press conference following the release of group's financial report. As he announced, Amica will provide information on a dividend for this year in the first quarter of 2026.
Amica currently incurs losses in France and Spain, despite maintaining last year's revenue in France.
"We still need to increase turnover and generate more margin to reach break-even and profitability," deputy CEO Rakowski said during a results conference.
He expressed particular hope for the French market in 2026 and noted recent sales improvements in Spain that could reduce losses significantly.
Rakowski highlighted ongoing cost-cutting projects, focusing on logistics and after-sales services like warranty and post-warranty repairs.
"These cost packages directly impact our results, and we expect France to notably reduce losses in 2026," he added.
In January-September, Amica’s Western region, including Scandinavia, accounted for 51 percent of sales but experienced a 7 percent year on year decline.
While most markets saw lower sales, Amica maintained stable performance in France and Scandinavia but reported an around 5 percent drop in Germany and the UK.
"The UK subsidiary is undergoing positive restructuring changes, generating notable profits that boost the group's consolidated results. We anticipate further improvement in 2026," Rakowski stated.
Other export areas saw around a 10 percent sales drop, mainly due to the Russian market decline.
Meanwhile, Poland accounted for 34 percent of Amica's revenue, recording a 4 percent growth. The company aims for continued local market expansion and operational efficiencies, including cutting about PLN 25 million (EUR 5.9 mln) in unused production capacity costs.
"We continue restructuring, focusing especially on after-sales and logistics processes. We seek efficiencies in warehouse management and product delivery. Further savings hinge on product and material diversification," Rakowski said, outlining plans for 2026.
When asked whether a dividend is planned for next year, Amica's deputy CEO replied that it is too early to announce such decisions.
"They have not yet been made. We are currently finalising the budget, including the part concerning cash flow, i.e. our financing capabilities. We will probably announce the dividend and the decisions regarding its payment in the first quarter [of 2026]," he said.
Amica posted PLN 1.785 billion (EUR 421.6 mln) in sales from January to September 2025, down 6 percent year on year due to Russian market exit, non-core asset sales, zloty strengthening, and challenging European household appliance market conditions.
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