Profil:
Grodno SAGrodno lightning estimates PLN 101.6 mln in sales revenue in March, down 9 pct y/y
Poland's leading distributor of electrical and lighting products Grodno estimates that it had PLN 101.6 million (EUR 24.31 mln) in sales revenue in March, against PLN 111.3 million (EUR 26.63 mln) in the prior year period, which translates into a decrease of 9 percent year on year, the company said in a market filing.
The group estimates that sales in the RES segment in March fell by 26 percent year on year to PLN 26.5 million (EUR 6.34 mln). The e-commerce channel, on the other hand, increased turnover by 34 percent year on year to PLN 16.7 million (EUR 4 mln).
Grodno said that the decrease in sales in the RES segment, related to the drop in prices of photovoltaic modules on the global market, as well as the downturn in the Polish RES industry, was the main driver of the decrease in company's revenue growth in March.
In volume terms, the group increased sales of equipment in this segment.
seb/ ao/ han/