Mera's order book almost full

2012-01-09



Mera, a manufacturer of wooden stairs, hopes that its revenues for 2012 will not be lower than last year’s results. Mera's order book is currently 70-80% full, the company's senior management announced, as cited by Parkiet.
The company's senior management had expected to struggle to maintain profitability at a similar level to 2011. However, this task will be made easier by the fact that interest is growing on the German market for the company's wooden stair sets. Foreign orders are to play the main role in the company's financial structure in 2012. Exports currently account for around 50-55% of Mera's revenues and eventually this share will rise to roughly 70%.
In 2011 the company forecasted revenues of PLN 40m (€8.9m) and a net profit of PLN 3m (€669,118). According to Mera's senior management, these estimates are not under threat. On the other hand, the company has not yet decided whether or not to pay out a dividend on its profit from last year – this will depend on possible acquisitions or investments. Among other things, the group plans to acquire a controlling stake in a company from the furniture-timber branch. However, talks have yet to begin and Mera is also monitoring two or three other companies with sales volumes similar to those achieved by businesses in the capital group.

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