Polish manufacturer of semi-trailers, trailers and truck bodies, Wielton Group, achieved excellent results in the first quarter of the year. The company listed on the Warsaw Stock Exchange had 134 million pounds (PLN 639.9 million) in revenue and a net profit of 4.34 million pounds (PLN 20.9 million). Wielton also boasted record sales results in France.
The Group’s revenue was 33.3 percent higher compared to the same period in 2018, while net profit – by 3.5 percent. In the first three months of this year, the manufacturer sold 5767 units of semi-trailers and trailers, of which 4,482 were on foreign markets. It gave an increase of over 30 percent.
– It is worth emphasising that the significant influence of increases in the discussed period was also due to the high activity of our foreign companies. Their total sales volume was 49 percent higher after the first quarter of this year than last year, which means almost 104 million British pounds (PLN 500 million) of revenue – says Mariusz Golec, president of Wielton.
Turning to details – in Poland in the first quarter, the Wielton Group sold 1,285 items, and the revenue from this account amounted to 26 million pounds (PLN 124.6 million). This means that the company thus has made a14.6 percent participation in the domestic market. It is, however, slightly less than the company obtained in 2018, when its share was 15.5 percent.
Record sales on the French market
The producer has had even better results in France, where the Fruehauf company, owned by Wielton, achieved record sales volumes and revenues and is a market leader. After the first quarter, sales on the French market reached 1,669 units ( an increase of 20.8 per cent ), and revenue – 41 million pounds (PLN 196.4 million). It is an increase of 24.4 percent.
– Such a good result is, in no small extent, an effect of investment in production capacity, recently completed at the factory in Auxerre – says Mariusz Golec.
The company achieved equally high growth in Germany, where, after the first quarter, the Group’s revenues increased by 26.4 percent to the level of 15,8 million pounds (PLN 75.6 million), and sales increased by 28.9 percent, reaching the value of 366 pcs. Also, sales increased in Italy – by 3.8 percent, and Great Britain, by Lawrence David, Wielton sold 1,095 pieces of products and obtained 18 million pounds (PLN 87.7 million) in revenues.
In 2019, Wielton will continue to develop international structures and improve its operations. The company will also invest in automation and robotisation.