These is a lot of inflation in poland so cash flow is going into inventory - also zloty is devaluating from 4.1 in 2013 to 4.78 now so a growth chart in euros would be better representation ...
Its true! However the Zloty was stable from 2003 to 2023, so the last decade movements are not really relevant to me, and represent more a short term money flow due to Covid and Ukraine. I don't think Poland has worse fundamentals than Europe. I think better.
Yes ambra has pricing power they can rise price ... on’y issue is inflation forces to put back profit into inventory value increase instead of returning capital - main issue in high inflation envir. For most cos
Just going through the HY Results they published today. Did they just present Net income for HY2021/2022 at 45 M. PLN = Net income for the whole of last year? Am I missing something?
These is a lot of inflation in poland so cash flow is going into inventory - also zloty is devaluating from 4.1 in 2013 to 4.78 now so a growth chart in euros would be better representation ...
Its true! However the Zloty was stable from 2003 to 2023, so the last decade movements are not really relevant to me, and represent more a short term money flow due to Covid and Ukraine. I don't think Poland has worse fundamentals than Europe. I think better.
did not realise that zloty when back to 2002 level... i use typically 10 year historical data for analysis and it this context it is devaluated.
Yes ambra has pricing power they can rise price ... on’y issue is inflation forces to put back profit into inventory value increase instead of returning capital - main issue in high inflation envir. For most cos
yes, hopefully next years will be better. if not , that they can raise prices further.
Just going through the HY Results they published today. Did they just present Net income for HY2021/2022 at 45 M. PLN = Net income for the whole of last year? Am I missing something?
Yes but net income is highly seasonal with December being very important, so it is possible