Amica S.A.: Navigating Weak European Markets While Maintaining Profitability
Amica S.A. reported its third‑quarter results for 2025 with a net profit of PLN 10.4 million, a figure that fell short of analyst expectations. The company’s earnings‑per‑share (EPS) for the period were PLN 1.36, a clear turnaround from the previous year’s loss of PLN 0.610 per share. Total revenue for the quarter stood at PLN 636.3 million, slightly below the PLN 649.5 million recorded in the same period last year, signalling a modest contraction in top‑line performance.
Sluggish Sales in Key European Territories
Amica’s management has identified France and Spain as the primary drivers of the recent sales dip. The firm has announced a concerted effort to reduce losses in these markets, with a particular focus on improving profitability in France. In its latest briefing, Amica noted that sales across Western Europe declined by 7 %, accounting for 51 % of the group’s total turnover. The company attributes this slide largely to the cessation of operations in the Russian market, which resulted in a PLN 42 million loss of revenue, as well as weaker performance in its other European territories.
Despite the downturn, Amica’s management maintains that it is still generating higher margins than in previous periods, thanks to cost‑control initiatives and a shift toward more profitable product lines. The company’s price‑earnings ratio of 32.33 reflects investor confidence in its ability to translate these efficiencies into shareholder value.
Outlook and Dividend Guidance
Looking ahead, Amica has pledged to announce a 2025 dividend during the first quarter of 2026, signalling confidence in its cash‑flow position even amid market volatility. The firm’s strategy for the coming year includes aggressive sales‑generation tactics in France and Spain, alongside an ongoing review of its product portfolio to align with evolving consumer preferences in the household durables sector.
Amica’s market capitalization of 425 770 000 PLN and a trading price of PLN 55.6 on the Warsaw Stock Exchange underscore its standing as a significant player in the Polish consumer discretionary market. With a legacy dating back to 1945 and a diverse brand portfolio—Amica, Gram, Hansa, and CDA—the company remains a key contributor to Poland’s industrial output while navigating the challenges of an increasingly competitive European landscape.
