Poland’s largest household appliance manufacturer continues the positive trends seen in recent quarters and reports a noticeable improvement in its financial results for the first three months of 2026. The consistent implementation of its long-term value-building strategy, ‘Back to Profitability’, continues to yield tangible results despite the ongoing downturn in the European durable goods market.

The Amica Group (WSE: AMC) recorded sales revenue of PLN 556.2 million in the period January–March 2026; although this represents a 2% year-on-year decline, it can be seen as confirmation of the company’s sales strength, given the complete phase-out of sales on the Russian market and, above all, the persistently difficult situation in the European household appliances market. In terms of geographical breakdown, the Polish market accounted for 35% of product and goods sales, showing a 2% year-on-year increase in sales value. The Western region, including Scandinavia, generated 52% of total sales, slowing the rate of decline to 1% year-on-year. Sales in other markets (13% of total revenue) contracted by 14% year-on-year in value terms. Amica strengthens its leading position in Poland by focusing on the quality, functionality and usability of products that genuinely meet consumers’ needs. The market situation in Germany and France forces Amica to be more selective and exercise greater commercial discipline, and the restructuring carried out in the UK has brought about a permanent improvement in results in that market.

‘We have entered 2026 in a stronger position thanks to the work that we, as an organisation, have successfully carried out in recent months and continue to carry out: we have been strengthening our foundations, building resilience and constantly optimising our operations in the face of changes in the operating environment. In the past quarter, we continued to experience weak consumer demand in Europe, significant competitive pressure, and geopolitical uncertainty; however, even in the face of these challenges, the consistently implemented “Back to Profitability” strategy has led to a gradual improvement in the group’s profitability and financial stability, which we obviously consider to be unequivocally positive’, notes Robert Stobiński, President of the Management Board of Amica S.A.

The Amica Group’s EBITDA for the first quarter of 2026 rose by 47% year-on-year to PLN 27.0 million, representing an increase in the margin at this level of as much as 170 basis points, to 4.9%. Gains were also seen in operating profitability (+160 bps), and gross (+200 bps) and net (+200 bps) profit margins, resulting in an operating profit almost four times higher (PLN 11.9 million), gross profit rising PLN 11.4 million to PLN 7.4 million, and the net loss of PLN 6.7 million recorded a year earlier turning into a profit of PLN 4.2 million this year.

‘We are in a very strong financial position; at the end of March, we held nearly PLN 133 million in cash, and our net debt-to-EBITDA ratio stood at a low 0.6. This provides considerable scope for potential investments, acquisitions and further business expansion, and also allows us to pay a dividend. We have proposed to the Annual General Meeting that a dividend of PLN 2.50 per share be approved for 2025, to be paid in July this year’, says Michał Rakowski, Vice-President of the Management Board for Finance at Amica S.A.