News Markets & Companies
Śnieżka publishes 2024 integrated report in line with CSRD Directive
The Śnieżka Group has released its 2024 annual report, combining financial and operational data with ESG information prepared for the first time in accordance with the CSRD Directive and externally assured.
The Śnieżka Group has published its 2024 integrated report, combining financial and operational data with an ESG analysis. The information is presented for the first time in line with the CSRD Directive and has been externally assured. A dedicated website provides access to “Financial Data,” “Operational Data” and “ESG Data,” with selected highlights from the categories “Environment,” “People,” “Business” and “Own Indicators.”
The Sustainability Reporting section is based on a double-materiality assessment, capturing both the company’s impact on the environment and society and the potential financial implications. In total, 62 impacts, 36 risks and 19 opportunities were identified, of which 21 impacts, 10 risks and 4 opportunities were deemed material.
Sales decline across all core markets
In 2024, the Śnieżka Group generated revenue of PLN 798.4 million, down 6.9 % year-on-year. All core markets posted declines, with Poland showing the smallest decrease of 2.4 % to PLN 576.8 million. Revenue in Hungary fell by 19.8 % to PLN 102.8 million, and in Ukraine by 8.9 % to PLN 80.6 million – although in local currency, sales in Ukraine increased by 5.2 %. Other markets recorded a 23.7 % drop to PLN 38.2 million.
The weaker results were mainly due to an unstable geopolitical environment, the ongoing war in Ukraine, high interest rates and cautious consumer spending. Despite these challenges, Śnieżka increased its market share in Poland and Ukraine.
Product mix and volumes
Decorative products accounted for the largest share of revenue at PLN 662.0 million (-4.7 %), followed by building chemicals at PLN 86.9 million (-15.4 %). In volume terms, the Group sold 102.1 million l/kg in 2024, down 10.2 % from 2023. This included 60.2 million l/kg of decorative products (-10.4 %), 41.7 million l/kg of building chemicals (-9.9 %) and 0.19 million l/kg of industrial products (-10.6 %).
Parent company FFiL Śnieżka SA posted revenue of PLN 521.7 million in 2024 (-8.3 %), with 96.5 % coming from sales in Poland, 3.1 % from Ukraine and 0.2 % from Hungary. Decorative products led the product mix with a 78.0 % share, followed by building chemicals (4.7 %) and traded goods (6.0 %).
