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IZOBLOK SUMS UP IIIQ 2019/2020

Summing up the financial results after third quarter 2019/2020 the IZOBLOK Corporate Group has achieved consolidated operating income in the amount of 150.065 PLN thousand it is 6.2 % less than in the same period of the 2018/2019 financial year. After IIIQ of 2019/2020, the Group earned operating profit of 3.410 PLN thousand that is 3.0% less than in the same period of 2018/2019. Whereas the EBITDA ratio in the reported period was 17.626 PLN thousand and was lower by 1.7% from EBITDA for 3Q 2018/2019.

“I need to admit that I rate pretty well he third quarter of this financial year. Well managed consistent sales and cost policy has brought intended and expected results, enabling us to get more projects in the industry. Today, we are following with great care and concern the pandemic situation that stopped and broke the traditional supply chain in the automotive industry which we are part of. It is definitely going to have a negative impact on the Group’s sales revenue value in the fourth quarter of the financial year 2019/2020.” Przemysław Skrzydlak, CEO of IZOBLOK SA, said.

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IZOBLOK sums up IH 2019/2020

The IZOBLOK Corporate Group has achieved consolidated operating income in the amount of 103.298 PLN thousand, it is 6,2 % less than in the same period of the 2018/2019 financial year. Whereas the EBITDA ratio in the reported period was 13.640 PLN thousand and was at the same level as before a year.

The unit revenues from operating activities in the first half of the year 2019/2020 reached 50.201 thousand PLN. Thus they increased by 2.1% compared to the same period of the previous year. Operating profit (EBIT) in the first half of the year 2019/2020 was 6,580 PLN thousand and stands for 13.1% of sales revenue (first half of the year 2018/2019 – 5.146 thousand PLN). The EBITDA at unit level reached 9.834 thousand PLN and stands for 19.6% of sales revenues, in THE FIRST half of the year 2018/2019, the ratio was 7.784 thousand PLN.

“The first half of the year 2019/2020 has been a difficult and tough period in the automotive sector. However from this perspective, I believe that the results we have achieved are pretty satisfactory. Since the beginning of August 2019, we have been involved in the process of reviewing potential strategic options for further development of the Company and the capital group of IZOBLOK. Within the framework of this project we consider various options such as: search for an investor, including an industry or financial, change in structure of the IZOBLOK Corporate Group or other transaction, including acquisition” -said Przemysław Skrzydlak, CEO of IZOBLOK S.A.


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IZOBLOK SUMS UP IQ 2019/2020

The IZOBLOK Corporate Group has achieved consolidated operating income in the amount of 50.131 PLN thousand, it is 6.4 % less than in the same period of the 2018/2019 financial year. After the first quarter of 2019/2020, the Group earned operating profit of 1.850 t PLN thousand that is 27,5% less than in the same period of 2018/2019. Whereas the EBITDA ratio in the reported period was 6.878 PLN thousand and was down by 8.0% from EBITDA for 1Q 2018/2019.

“Our 1Q results turned out to go along with our expectations. We are slightly concerned about losing of prosperity on the German market. We look at the situation very carefully so that we can be ready to react at any time and right way.” said – Przemysław Skrzydlak, CEO of IZOBLOK SA.

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IZOBLOK CLOSES FINANCIAL YEAR 2018/2019

Corporate Group’s annual financial results from 1st may 2018 to 30th April 2019 were presented by IZOBLOK on 27 August 2019

The past jubilee 20th year of IZOBLOK ‘s business activity turned out to be pretty good and characterized by stable growth and reflected in financial performance.

At the level of consolidated operating income generated, the Group reached 217 million PLN and noted a slight decrease while EBITDA was rather at the same level comparing to previous year 2017/2018 – 26 million PLN with a margin of 12%. What is worth mentioning is the the high level of operating flows which reached the level of 22 million PLN so it is 15% growth.

The past year has brought us also some new and significant contracts from Jaguar Land Rover, BMW and some important industry awards as well.

Our goals for the next 2 years: development of our Corporate Group by increasing market share and supercharging our market position and moreover operating expenses optimization. We can see big changes in automotive industry and there are plenty of challenges ahead: Technological, Environmental and Consumer. Despite many risks we are facing now, such as Brexit and commercial wars, we believe that the market environment will create a number of opportunities that we will try to seize,” says Przemysław Skrzydlak, CEO of IZOBLOK SA.

 

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IZOBLOK SUMS UP III Q 2018/2019

After three quarters of 2018/2019 IZOBLOK GROUP has reached revenues of 160.004 PLN thousand. Whereas the EBITDA was 17.939 PLN thousand. On a unit level IZOBLOK generated revenues of 70.432 PLN thousand and operating profit of 7.072 PLN thousand. In comparison to the same period of the previous year, revenues were 5.2% lower at consolidated level and EBITDA was lower by 2.3%. At unit level, revenues were 4.3% higher, while EBITDA was 11.4% lower than the same period last year.

“The company’s Financial Results after three quarters are going along with our expectations. The future is looking good as there are more and more new projects coming up on the market. I think this year we start observing some improvements in our line of business and the situation on the market will be getting better and better. Our main goal that has been set – reduction of company’s debt is going along with the plan. We look forward to improving market sentiment in the coming months,” says Przemysław Skrzydlak, CEO of IZOBLOK SA.”

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IZOBLOK S.A. SUMS UP IH 2018/2019

The IZOBLOK Corporate Group has achieved consolidated operating income in the amount of 110.124 PLN thousand, it is 2,7% more than in the same period of the 2017/2018 financial year. During the first half year of 2018/2019, the Group earned operating profit of 4.009 thousand PLN thousand that is 138% more than in the first half a year of previous year. Whereas the EBITDA ratio in the reported period was 13.664 PLN thousand and was up by 16.3% from EBITDA for 1H of 2017/2018.

“Honestly speaking the results of the first Half a Year I rate pretty well and positively. We observe very carefully the slowdown that has come up in automotive industry recently. However the most important thing is that we have more and more clients and orders, our order book is being fulfilled with new orders. All these things happen thanks to trust in our brand IZOBLOK on the EPP market. I am convinced that all undertaken actions in both Polish and German companies will increase the value of our business in the long run – says Przemysław Skrzydlak, CEO of IZOBLOK SA”

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IZOBLOK S.A. SUMS UP IQ 2018/2019

The IZOBLOK Corporate Group has achieved consolidated operating income in the amount of 53,559 PLN thousand, it is 1,1 % more than in the same period of the 2017/2018 financial year. After the first quarter of 2018/2019, the Group earned operating profit of 2,826 PLN thousand that is 440% more than in the same period of 2017/2018. Whereas the EBITDA ratio in the reported period was 7.749 PLN thousand and was up by 36.7% from EBITDA for 1Q 2017/2018.

I rate the results of Q1 well, we can see sales growth, despite the signals that may cause slight industry concern, I am optimistic about the future. In the next quarters we are going to face many challenges regarding launching of new demanding projects which let us use the whole potential of the plant’s production potential in Poland. “The company is going on with technological development and capital group consolidation to achieve a high level of competitiveness and market advantage,” said Przemysław Skrzydlak, CEO of IZOBLOK S.a”

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IZOBLOK S. A. closes Financial Year 2017/2018

On August 30, IZOBLOK presented the Corporate Group’s annual financial results covering the period from may 1st , 2017 to April 30th, 2018.

The IZOBLOK group closed the financial year 2017/2018 with the historically highest result of sales revenues, more than PLN 228 million, good profitability at the unit and consolidated level of sales and EBITDA.

The consolidated EBITDA was PLN 24,5 million, at the EBITDA unit level was PLN 15,4 million. In comparison to the previous financial year, lower profitability was recorded at unit level, operating profit was lower by 20.9% r/r, EBITDA was lower by 15.7% r/R.

The decrease in the Group’s debt due to loans from PLN 55,4 million to PLN 53,4 million and the increase in working capital resulting from the increase in sales shows that the debt remains at a safe level.

Lower operating profit is mainly caused by higher operating costs and especially by a significant increase in the Group’s remuneration costs. Nevertheless, that does not change the fact that we have a very precise approach for further development as a Corporate Group. We do know what steps are going to take both long and short-terms in order to increase our market share. Lower operating profit is mainly caused by higher operating costs and especially by a significant increase in the Group’s remuneration costs. Nevertheless, that does not change the fact that we have a very precise approach for further development as a Corporate Group. We do know what steps are going to take both long and short-terms in order to increase our market share. We have done a lot of work on the integration and consolidation of our companies. We believe that the involvement and contribution of our employees will be reflected in the results of the next financial year – said Przemysław Skrzydlak, CEO of IZOBLOK S.A.

In 2018, the Group’s top management of IZOBLOK was strengthened. Mr. Zbigniew Pawłucki joined our team becoming a Vice CEO and Member of The Board of IZOBLOK S.A. He is responsible for coordinating and developing of sales, including relationships with Key Customers and Suppliers, R&D and the development of raw material manufacturing technologies and the automation of production processes.

The year was mainly devoted to integration and consolidation in Poland and Germany. During the next years of business activity, IZOBLOK will be going on with boosting its market position and strengthening its powers in the executive and R&D. areas

The past year also includes new, significant and important contracts from Jaguar Land Rover, Adent, BMW and important industry awards. Among other things, IZOBLOK was a national winner of the European Business Awards in the recognition success, Innovation and Ethics .

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IZOBLOK S.A. awarded with the European Business Awards at national level

IZOBLOK S.A. has been awarded with the European Business Awards as Entrepreneur of the Year2017/2018.

There were 2898 companies from Poland taking part in this year edition. Each of them was judged by an independent jury made up of business leaders, politicians, university teachers. The jury picked the best 11 companies of all participants. One enterprise in particular category – awarding them as National Leader.

 IZOBLOK was awarded and especially appreciated for business visionary, insistence and lasting approach to expansion, the ability to find opportunities and make bold decisions and for being inspiration to others.

European Business Awards (EBA) event has been on for 11 years and its main goal is to support strong and successful business community in all Europe. Over 110 000 of companies from 34 countries took part in this year edition.

We are so happy and glad that our business approach and the way we strive for achieving our strategic goals is so well appreciated internationally – said Przemysław Skrzydlak, CEO of IZOBLOK S.A.


            
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IZOBLOK sums up IIIQ 2017/2018

Sales revenue of Corporate Group has reached 168 835,6 thousand PLN which gives 35,6% increase in comparison to the previous year. Consolidated EBITDA has been noted at the amount of 16 687 thousand PLN achieving profitability of 9,88% of sales revenue. IZOBLOK S.A. sales revenue is 67 498 PLN with a 3.58% drop comparing to IIIQ of 2016/2017.

Third quarter  of 2017/2018 is a further, consistent implementation of taken strategy. What is worth mentioning is a fact that our team was supercharged by Zbigniew M. Pawłucki as it was planned at the end of the calendar year. Mr. Pawłucki is going to be responsible for coordinating and developing of sales, including relationships with Key Customers and Suppliers, R&D and the development of raw material manufacturing technologies and the automation of production processes. A pretty complex and demanding restructuring process was accomplished ISO/TS 16949:2009 na IATF 16949:2016. We have been awarded FDI Poland Investor Awards – Top Exporter: Automotive (category). We have been given BusinessGazelle Award and we have been listed on One to Watch – the prestigious European Business Awards. Our German company was also visited by Bodo Ramelow – Minister President of Thuringia – said Przemysław Skrzydlak, CEO of IZOBLOK S.A.

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BMW orders EPP parts from IZOBLOK Capital Group worth over EUR 14 million

IZOBLOK GmbH was selected by BMW to participate in projects for manufacturing of EPP car parts. The total value of orders is estimated at over EUR 14 million.

Bayerische Motoren Werke AG seated in Munich (Germany) placed successive orders at IZOBLOK GmbH during the period of May 2017 – February 2018. The total value of orders during this time is estimated at EUR 14,083,6 which, calculated as per the average NBP exchange rate from February 9, 2018, equals PLN 59,184,9 thousand. The above value was determined assuming the execution of orders in their entirety.

IZOBLOK has been cooperating with BMW for years. Next to BMW, the Company’s portfolio includes also other clients from OEM group, such as Volkswagen or Ford.

This appointment is another step in the very successful, long-standing cooperation. I am very pleased that our products and skills are so highly valued by BMW. – says Przemysław Skrzydlak, CEO of IZOBLOK S.A.

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IZOBLOK S.A. sums up IH 2017/2018

Sales revenue of Corporate Group has reached 113.232 thousand PLN which gives 67,5% increase in comparison to the previous year. Consolidated EBITDA has been noted at the amount of 11.388 thousand PLN, achieving profitability of 10.1% of sales revenue. IZOBLOK S.A. sales revenue is 45.432 PLN with a 0.9% drop comparing to IH 2016/2017. The consolidated results also include a financial provision for future tax liabilities of 1,560 thousand PLN due to tax on the transfer of property of the subsidiary of IZOBLOK GmbH.

Sales revenues and the results achieved during the first half of 2017/2018 are in line with our objectives and exactly as we planned – said Przemysław Skrzydlak, CEO of IZOBLOK S.A.

The first half of 2017/2018 is a further, consistent implementation of taken strategy. We are still very consistently optimizing the production processes in IZOBLOOK GmbH at the level of quality management, production management, personnel management, waste management and energy costs through the implementation of modern IT solutions. There are new important and significant contracts in our Order Book – ADIENT – (over 10 million EUR). We have set up the Audit Committee. Our Order Book has been fueled by new clients like Aston Martin and Grupo Antolin (TIER). Our cooperation with BMW and Jaguar Land Rover is doing really well – said Przemysław Skrzydlak, CEO of IZOBLOK S.A.

What is worth mentioning is a fact that our team was supercharged by Zbigniew M. Pawłucki as it was planned at the end of the calendar year. Mr. Pawłucki is going to be responsible for coordinating and developing of sales, including relationships with Key Customers and Suppliers, R&D and the development of raw material manufacturing technologies and the automation of production processes. A pretty complex and demanding restructuring process was accomplished ISO/TS 16949:2009 na IATF 16949:2016. We are coming to an end with two investments: getting infrastructure prepared and done for shifting the raw material production line and the office building at Legnica Street (Plant no. 1). There are also some new awards under our belt. We have been awarded FDI Poland Investor Awards – Top Exporter: Automotive (category). We have been given BusinessGazelle Award and we have been listed on One to Watch – the prestigious European Business Awards. Our German company was also visited by Bodo Ramelow – Minister President of Thuringia – said Przemysław Skrzydlak, CEO of IZOBLOK S.A.

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