At a press conference and meeting with investors on Thursday, 6th of April, Wielton President of the Management Board, presented the Wielton Group Growth Strategy up to 2020, announcing a doubling of sales and continued growth.
Over the coming 4 years the Group plans to double its performance in terms of revenues as well as sales volumes. Its target is a 9 per cent share in the trailers and semi-trailers market.
As Mariusz Golec emphasised: This event is very significant for our company, as this is the first time ever that we have announced our strategy. We are ready for new challenges. The growth strategy is a thoroughly though-out and accurately developed plan, which will be meticulously put into action. The Group’s growth seen in recent years stands testament to the legitimacy of Management Board decisions. The new goals are equally ambitious. We want to double our performer by 2020 and consolidate our position on key markets, whilst working closely with customers. Wielton is to be seen by customers and the industry as an expert, which as a partner offers the best and most comprehensive solutions.
As the Wielton SA President highlighted, according to the adopted strategy, the Wielton Group intends to build a strong competitive position across its primary markets: Poland, France and Italy as well as Central – Eastern Europe. It also plans to enter the markets of the 8 West African Economic and Monetary Union (UEMOA) countries. Up to 2020 Wielton plans to consolidate its 3rd place in Europe and also to lead the Polish market. It also intends to consolidate its number one spot in France, be ranked amongst the top three in Italy and first five in Germany.
The growth of Wielton Group’s global presence is to bring about a doubling of its performance. Strategic objectives: increase in revenues from PLN 1.2 billion in 2016 to PLN 2.4 billion in 2020 and an increase in sales from 12.9 to 25 thousand vehicles. In 2020 EBITIDA is to remain at a high, 8 per cent level.
As Mariusz Golec summarised: such rapid growth will be made possible through a sustainable strategy based on organic growth and acquisitions.