During the General Meeting, shareholders decided to entrust the function of the President of the Management Board to Robert Stobiński, while the outgoing President Jacek Rutkowski remains associated with Amica and will advise the Management Board on strategic matters. The function of the Vice-President of the Management Board was assumed by Maja Rutkowska, and the functions of the Vice-Presidents of the Management Board - Michał Rakowski and Paweł Biel. The division of responsibilities within the Management Board of the largest Polish manufacturer of household appliances is also known.
In addition to issues strictly related to this function, President Robert Stobiński (CEO - Chief Executive Officer) is responsible for the factory in Wronki, R&D, product management, purchasing, internal audit, marketing and strategic projects departments. Vice-President Maja Rutkowska (CHRO - Chief Human Resources Officer) manages the area of matters falling within the tasks of the HR department, as well as the risk and compliance, health and safety, corporate communication, ESG, certification and ecology departments, the Management Board office and the security department. Vice President Paweł Biel supervises the IT, key business applications, customer experience development and quality departments. Vice President Michał Rakowski is responsible for the controlling, financial consolidation and reporting, treasury, accounting, operational planning, logistics and investment and non-production purchases departments.
- All of us in the Management Board have been associated with the Amica Group for many years, and we also co-created the current "Back to Profitability" strategy. The continuity of management processes is additionally supported by the possibility of using the experience and knowledge of Mr. Jacek Rutkowski, who remains involved in Amica's affairs. Our goals remain unchanged - these include further increase in the broadly understood quality and satisfaction of users of our products, restoration of positive sales trends even in the current, unfavorable environment, increase in the use of production capacity in the heating equipment factory, increase in realized margins and attracting and developing talents, because it is people who create the strength of the company - indicates Robert Stobiński, President of the Management Board of Amica S.A.
As part of the implementation of the long-term "Back to Profitability" strategy, presented in September last year, the Amica Group intends to achieve sales growth of over 7% annually from 2030 with an expected EBITDA profitability of 5% in 2027 and 7% in 2030+. The goal is also to increase the RONA (return on net assets) ratio to 14% in 2027 and exceed 17% in 2030+. The company intends to maintain the net debt to EBITDA ratio below 2 and increase the gross margin on product sales in 2027 to 25% and to 28% in 2030+.
In the current strategy, Amica's mission is to offer durable and reliable household appliances with the highest quality service in order to make everyday life easier for consumers, respecting local traditions and the heritage of strong local brands (Amica, Fagor, Gram, Hansa, CDA). The vision of the Amica Group is to become the most recommended brand of heating equipment in key markets in Europe. The company intends to focus on sales in European countries, with the planned development of sales in individual geographical markets to be implemented based on sales and marketing strategies dedicated to specific areas. Amica has developed a product strategy and post-purchase experience to clearly gain in the eyes of European consumers, and at the same time has identified product, operational and financial factors thanks to which it intends to become a preferred B2B partner. The company places emphasis on broadly understood quality, consumer satisfaction and production efficiency, assuming an increase in production volumes in the heating equipment factory in Wronki by approximately 65% compared to the current level. Issues related to HR and organizational culture, including engagement, support, attracting and developing talent, are also a strategic pillar.
The Amica Group is also implementing the ESG strategy "Action for Climate", presented in December 2022, which sets social and management goals for 2025 and 2030, as well as environmental goals for 2040 and 2050. In January 2024, Amica increased production efficiency by launching a cogeneration installation (simultaneous production of heat and electricity). Meanwhile, the special purpose vehicle Amica Energia, registered in April last year, is primarily focused on developing photovoltaic installations. Over the next two years, it intends to acquire land in the form of a lease and obtain the necessary administrative decisions for a photovoltaic farm with a capacity of at least 30MWp.
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The Amica Group is the largest Polish manufacturer of household appliances with over 70 years of experience, one of the most renowned companies listed on the Warsaw Stock Exchange. Its offer includes a full range of large and small household appliances, distinguished by useful solutions, the latest technology and modern design. It obtains approximately 70% of consolidated revenues from the sale of products and goods thanks to its activity on foreign markets - in the sales structure, Poland accounts for approximately 30% of revenues, Western Europe for approximately 40%, Eastern markets and Scandinavia for approximately 20% in total, and the southern region for approximately 5% of total sales. Amica has won many prestigious awards, both Polish and international, including the Red Dot Design Award: Best of the Best. The Amica Group's portfolio includes the Amica brands (Central and Western Europe), Hansa (Eastern Europe), Gram (Scandinavia), CDA (Great Britain) and Fagor (Spain). It employs almost 3,000 people worldwide, delivering approximately 4 million devices a year to customers in nearly 70 markets around the world.
