SFD S.A. increases its credit lines
SFD S.A. is expanding its credit lines. The Company's sales have been growing in recent quarters. Increasing working capital financing capacity will enable the introduction of a larger number of new products from the sports nutrition, dietary supplements, and health food ranges, as well as the testing of pilot sales in cooperation with subsequent business partners.
Our liability and accounts receivable management ratios allow us to safely increase sales. The additional liquidity under the new agreement will not only allow us to increase sales in current channels, but will also enable us to execute pilot contracts with new counterparties and provide us with greater scope for introducing new products. Dietary supplements and sports nutrition are in our DNA, but we also believe in dietetic food, which can reach an exceptionally wide range of consumers.
– commented Mateusz Pazdan, President of the Management Board of SFD S.A.
The Company bases its sales on its proprietary products as well as products from other manufacturers. In addition to the traditional sales of dietary supplements, three years ago the Company introduced dietetic food, allowing customers to enjoy their favorite flavors in a reduced-calorie version. The expansion of the credit agreement will facilitate an increase in turnover on the Polish market, and will also secure the Company's needs regarding scaling sales on the Czech market, where the Company commences sales next week.