Krynica Vitamin SA achieved PLN 102 m in sales revenue in Q3 2021, which converted into operating profit of PLN 8.4 m and net profit of PLN 6.7 m. Despite many market headwinds, like growing costs of raw materials and packaging, after three quarters of the year the company achieved PLN 305.4 m in sales, which translated into operating profit of PLN 13.6 m and net profit of PLN 11.5 m. In the nine months of this year what significantly benefited Krynica Vitamin’s revenue from sales was the steadily rising sales of beverages.
- This was an incredibly dynamic period in the Company’s development, with a lot of twists and turns. We faced many challenges, like growing costs of materials and packaging, or limited availability of aluminum cans. On the other hand, we signed a contract with on-line opinion leaders from Ekipa and Koral company, which influenced the bottom line of the third quarter. This business is growing, with more orders being placed. We are enjoying a 10 percent increase in revenue from sales of beverages after nine months into 2021, on a year to year basis –
said Piotr Czachorowski
, Krynica Vitamin’s CEO.
Most revenue from sales of beverages in 2021 comes from export operations. The main international markets are the US, Germany, and the Czech Republic. About one third of revenue from sales comes from the Polish market.