Due to high FX risk, Management Board of HTL-STREFA decided to not disclose into public forecast denominated in PLN. Nevertheless Management Board will publish forecast concerning annual sales volume and revenues from sales denominated in currencies.
- Sales volume
According to orders and forecasts from our clients, Management Board plans to sell following volume of products:
Forecast for 2008 | 2007 | Difference | |
Safety lancets (in pcs) | 660,000,000 | 320,000,000 | + 106 % |
Personal lancets (In pcs) | 900,000,000 | 620,000,000 | + 45 % |
- Revenues from sales
Management Board of HTL-STREFA forecasts to gain following targets in revenues from sales denominated in currencies in 2008:
Currency | Forecast for 2008 | 2007 | Difference |
EUR | 22,000,000 | 7,100,000 | + 210 % |
USD | 21,000,000 | 18,300,000 | + 15 % |
PLN | 1,000,000 | 1,000,000 | 0 % |
| Consolidated data |
- Currency structure of revenues
Our financial results depend on FX rates. We export almost total of our production and majority of our sales are settled in currencies. To reduce FX risk due to weak USD Management Board modifies currency structure of revenues from USD to EUR. Thanks to this efforts currency structure of revenues changed and forecasts for 2008 are as follow:
Currency | Forecast for 2008 | 2007 | 2006 |
EUR | ca 60 % | ca 34 % | 5 % |
USD | ca 34 % | ca 64 % | 93 % |
PLN | ca 1 % | ca 2 % | 2 % |
| Consolidated data, denominated in PLN, currencies rates close to these from IVQ2007 | |||
