Action: PLN 156.9m net loss in 2016

According to the preliminary results, Action, one of the biggest Polish IT distributors, generated PLN 3.16bn (€733m) in sales revenue in 2016 and PLN 156.8m (€36m) net loss. Detailed data were not published yet. In 2015 sales revenue reached PLN 5.3bn (€1.2bn). The management convinces that this decline (in comparison with 2015) is not associated with the company’s bad results but rather with the decision to block out some money for the tax authority. The decline was connected with e.g. repayment of credit by German e-shop Lapado and the cost of restructuring proceeding in Q4 2016.