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Mex Polska Announces Financial Results for Q1 2024

COMPANIESMex Polska Announces Financial Results for Q1 2024

The Warsaw Stock Exchange-listed holding company Mex Polska closes the first quarter of 2024 with a significant increase in financial results. In the reported period, consolidated operating profit (EBIT) exceeded estimates, reaching nearly PLN 1.1 million (+56% YoY). Net profit surpassed PLN 0.6 million, more than doubling compared to the same period last year. Net sales revenue also increased to PLN 22.45 million (+12% YoY). These excellent results are the outcome of the Group’s consistent development policy and ongoing focus on controlling operating costs and margins. Successful openings of new establishments and high profitability of existing locations also had a positive impact.

“Our most profitable area remains the bistro segment. It greatly enables us to generate the expected profits. This was demonstrated in the first quarter of this year, where net profit more than doubled compared to the same period last year, and EBIT exceeded our estimates. Moreover, we achieved this result at the beginning of the calendar year, which is usually a more challenging period than summer or the holiday season, which particularly pleases us. This confirms that our chosen development strategy, based on transparent management systems and a diversified portfolio, is correct and profitable. It is also a good sign for the future, especially for the next quarter and the summer period. We hope to maintain the appropriate growth dynamics during this time, which will also translate into the satisfaction of our shareholders,” says Dariusz Kowalik, Member of the Board and Chief Financial Officer at Mex Polska SA.

The equity of the Mex Polska capital group as of March 31, 2024, amounted to over PLN 17.3 million.

Mex Polska SA, together with its organizationally and financially affiliated companies, forms a solid capital group that currently manages 48 dining establishments. The Group’s portfolio includes several popular concepts: The Mexican, PanKejk, Prosty Temat, Pijalnia Wódki i Piwa, and Chicas&Gorillas.

The latter two concepts belong to the bistro segment, the Group’s most profitable area, which is continually being developed and tailored to the needs of customers and the dining market.

Mex Polska’s key goal remains further scaling of revenues through the continuous expansion of its networks and the search for increasingly attractive locations.

In the coming months, Mex Polska Group plans to open five new establishments, including in Krakow and Katowice.

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