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Mr. Zbigniew Pawłucki joins IZOBLOK GROUP

Mr. Zbigniew Pawłucki has joined IZOBLOK S.A. team. As a Vice CEO of IZOBLOK S.A. he is going to be responsible for coordination and development of sales in the Corporate Group, including Key Customers and Suppliers relations. Moreover he will be in charge of R & D especially the development of raw material production technologies and the automation of production processes.

The appointment of Zbigniew Pawłucki by the Supervisory Board of IZOBLOK S.A Zbigniew Pawłłutki as the Vice CEO of the Management Board of IZOBLOK S.A. changes the personal composition of the Company’s Management Board to two persons.

Thorough and huge experience of Zbigniew Pawłucki will definitely contribute to strengthen the internal integration of the Group’s companies. Thanks to it IZOBLOKis going to be stronger regarding both external relations with stakeholders and maximize synergies across the group and take advantage of it – said Przemysław Skrzydlak, CEO of IZOBLOK S.A

Mr. Zbigniew Pawłucki is a manager with over 25 years experienced within restructuring of companies, investment management and production. he used to be a member of Management Boards and Supervisory Boards – businesses related with heavy duty sector.He has graduated from the University of Technology in Cologne (Germany), Mechanical Department – Automobile Technology, Warsaw University of Technology, Mechanical Department of Energy and Aviation and the Strategic Leadership Academy, Harvard Business Review. He can speak fluent German, English and Russian language. He has been into automotive and manufacturing industry since 1992. He started his career in Ford Motor Company. In 1995-2014 he was connected with HP-chemie Pelzer GmbH, being responsible for stock, setting up and development of production plant in Poland. Since 2001 as a Supervisory Board’s member he had been engaging in the restructuring processes in the Pelzer group. In 2007, holding a position of a member of the Board of Directors of the Automotive Components Europe Group, Mr. Pawłucki introduced the Company on the Warsaw Stock Exchange (IPO). Since 2009 as an Executive Director, Implementation of Financial Projects in PKN ORLEN S.A. He was in charge of Industrial investment and restructuring of Orlen Budonaft and Orlen Service Center.

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IZOBLOK gets FDI Poland Investor Awards

IZOBLOK S. A has been awarded FDI Poland Investor Awards as a Top Exporter: Automotive.

During the annual FDI Poland Investor Awards event, 8 Polish companies were recognized for their international expansion. An independent 32-person jury consisting of trade advisors at embassies, investment experts and representatives of finance institutions, selected laureates out of 60 Polish companies which achieved considerable success as part of an international expansion on DACH countries, USA, China, France or Spain. Selection criteria included company innovation, strategic significance of transactions for the Polish economy, industry position, or size of the investment. In this year’s edition of the competition, IZOBLOK came first in the category of Top Exporter: Automotive or Transport.

Our last year’s M&A transaction creates tangible effects. Undeniable and absolute synergies in the technological, logistic and sales areas reinforce our position not only on the European market. – says Przemysław Skrzydlak, CEO of IZOBLOK S.A.

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ADIENT orders EPP parts worth over EUR 10 million from IZOBLOK

IZOBLOK was selected by ADIENT to participate in projects for batch manufacturing of EPP car parts. The total value of orders is estimated at over EUR 10 million. The expected start date of making orders is 2018-2028.

Adient Ltd & CO KG with its headquarter in Burscheid (Germany) placed successive orders at IZOBLOK during the period of January – November 2017. The total value of orders during this time is expected to be EUR 10,474,7 which gives PLN 44,504,1 thousand (NBP exchange rate from November 15, 2017). The above value was determined assuming the execution of orders in their entirety. The orders do not contain specific terms and conditions which would deviate from those commonly used for such orders or contractual penalty provisions.

IZOBLOK has been cooperating with ADIENT from the very beginning of its existence. Next to ADIENT, the Company’s portfolio includes also other part suppliers from the TIER group, such as Yanfeng Automotive Interiors, Faurecia, Lear or HP Pelzer Group.

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 the German company. – says Przemysław Skrzydlak, CEO of IZOBLOK S.A.

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Minister President of Thuringia visits IZOBLOK GmbH

The Minister President of Thuringia, Bodo Ramelow, made a study visit to the IZOBLOK GmbH plant in Ohrdruf on November 14. The meeting revolved mainly around the topic of last year’s M&A transaction, the development strategy of the IZOBLOK Group as well as international cooperation.

During the visit, guests had the opportunity of visiting the production plant and observing the entire process of manufacturing EPP elements. The IZOBLOK Group was represented by the Chairman of the Board of IZOBLOK, Przemysław Skrzydlak, the Managing Director of IZOBLOK GmbH, Jarosław Ciemniejewski, as well as by a representative of the Supervisory Board of IZOBLOK, Att. Rafał Olesiński. During the meeting with the Minister President, Przemysław Skrzydlak presented the Group’s business profile, its most important achievements and advantages, as well as the strategy of the company’s further development on the European and global market. Speeches were delivered also by Sven Michel, chairman of the Works Council, and by Leif Gentzel from IG Metall.

The visit of the Minister President of Thuringia, Mr. Bodo Ramelow, was an important event for us, especially since IZOBLOK GmbH has been present on the economic map of Thuringia since 1997. – says Przemysław Skrzydlak, CEO of IZOBLOK S.A.

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IZOBLOK publishes financial results for Q1 2017/2018

The sales revenue of the Corporate Group equaled PLN 52,960 thousand., which is 136.4% growth compared to the previous year. The consolidated EBIDTA was at a level of PLN 5,667 thousand, thus reaching profitability at the level of 10.7% of the sales revenue value. At a unit level, IZOBLOK S.A. achieved sales revenue of PLN 20,907 thousand, with a decrease of 6.7% compared to Q1 2016/2017. In the light of the dynamics of operational activity costs (+0.8%), the Company copes well with optimization activities in this area, which is also reflected in the EBIDTA profitability at the level of 14.6% with a value of PLN 3,062 ths for Q1 2017/2018.

On the one hand, the first quarter of the financial year was difficult for us, but at the same time it was very important for several reasons. The slowdown of the automotive sector, felt by all market players, as well as finishing part of our projects, led to the decrease of sales revenue; however, new projects which are now at the implementation stage, will improve the results at this level in future periods. For several quarters, our consistent focus was on cost reduction areas. This is reflected in the very low dynamics of their increase (0.8%). It is even more important considering that the costs of depreciation, foreign services and remuneration due to the increase of employment at the Group companies are showing a market growth tendency. We are continuously optimizing production processes at IZOBLOK GmbH at the level of quality, production, staffing, waste cost and energy cost management through the implementation of modern IT solutions, among others. As per our statements, we have been executing systematic activities aimed at renewing our machinery park at IZOBLOK GmbH. In Q1 2017/2018 the German company was fitted with a manufacturing machine capable of replacing 4 smaller ones. This is an important step due to the optimization activities conducted at the German company. The tool shop also gained a new machine in Q1 2017/2018. The development of our own tool shop is an important element of the IZOBLOK Group’s growth, because it will allow for increasing the flexibility and reaction time at the stage of implementation and batch production. IZOBLOK is preparing for the purchase of other machines for Plant 3 at Kluczborska street, which will be used for the execution of projects contracted for the turn of 2018/2019. Moreover, in Q1 2017/2018 we finished two investments related to the erection of gas boiler rooms for Plant 1 and Plant 3, which will have a positive impact on reducing energy costs in future periods. We are also preparing for the switch from ISO/TS 16949:2009 to IATF 16949:2016. This is a complex and very demanding process. In accordance with the adopted growth direction, our Group is working also on acquiring projects related to the manufacturing of new generation seats, which involve combining EPP with metal elements or other plastics. It is worth noting that, as a result of R&D works conducted in 2014–2015, IZOBLOK developed innovative technology solutions in this respect, which evoke big interest from leading automotive companies from the OEM and TIER groups. – says Przemysław Skrzydlak, CEO of IZOBLOK S.A.

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IZOBLOK is closing the the year 2016/2017 with awesome results

IZOBLOK S.A. shows its first Annual Financial Results as a Corporate Group. The Financial Year 2016/2017 was closed with a good profitability at either levels including EBITDA. The company did what it planned. Consolidated revenues reached 179.520 PLN thousand and net profit 8.081 PLN thousand. Consolidated EBITDA reached 21.735 PLN thousand. As a unit level, IZOBLOK S.A. got sales revenue amounted to 94.538 thousand PLN with a net profit 13.490 thousand PLN that was 154% higher compared to corresponding period. EBITDA reached 18.210 thousand PLN that was 6% higher compared to corresponding period. Sales Consolidated Profit 2016/2017 reached 5.410 PLN thousand. The profit per unit on operating activity was PLN 13.059 thousand and decreased by 3% compared to the previous year.

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Stable economic growth of IZOBLOK in QIII 2016/2017

Consolidated financial results of IZOBLOK prove a stable increase of the company’s value. Consolidated sales revenue reached PLN 124,452 thousand while the net profit was PLN 11,102 thousand. EBIDTA was at the level of PLN 19,365 thousand and was higher by 38.2% compared to the previous year. At a unit level, IZOBLOK S.A. has reached sales revenue at a level of PLN 70,006 thousand and a net profit of PLN 8,940 thousand, which was higher compared to corresponding period by 278 %. EBITDA reached PLN 14,581 thousand compared to corresponding period from the previous year, where it was PLN 14,017 thousand – with a slight increase of 4.0 %. Sales revenue after three quarters of 2016/2017 reached PLN 11,212 thousand and was at a comparable level to corresponding period from the previous year, while operational costs increased only by 6.7%.

Individual operational profit was shaped at the level of PLN 10,718 thousand and decreased by 6.9% compared to corresponding period from the previous year.

We maintain good profitability both at an individual and at consolidated level. We are following our plan. We conduct consolidate and optimize at 4 levels: costs, quality, materials and projects. We focus on managing and systematizing. Our goal is to use the Group’s synergy as much as possible. This requires not only extensive work but also time, especially since we want to do this really well. – says Przemysław Skrzydlak, CEO of IZOBLOK S.A..

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IZOBLOK wins prestigious award from Yanfeng Automotive

IZOBLOK S.A. has been awarded the international Distinguished Supplier Award by Yanfeng Automotive Interiors – a world leader in car interior solutions. There have been 5 global supply companies awarded in this category: Total Research & Technology Feluy from Belgium, Lübke & Vogt GmbH & Co. KG and Dr. Schneider Kunststoffwerke GmbH from Germany, TR Fastenings Ltd. from the Netherlands and IZOBLOK S.A.

Deputy Chairman for YFAI Procurement, James Bos, stressed that the award is given for unique quality and reliability, while cooperation with such highly committed suppliers is the key to success.

The title of Distinguished Supplier of the Year is a responsibility. We do not want to rest on our laurels. I think this award is also a very positive sign for our shareholders that it was worth investing in us – said Przemysław Skrzydlak, CEO of IZOBLOK S.A.

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Business Gazelle for IZOBLOK S.A.

IZOBLOK S.A. was awarded during XVII Edition of Gazela Biznesu (Business Gazelle) thanks to 124% revenue growth in 2013-2015. The first time company was published in a ranking by PULS BIZNESU in 2014.

IZOBLOK S.A. reached 277 position of 483 enterprises qualified from Silesian Voivodeship in the ranking of Gazele Biznesu 2016 . While in the national ranking – IZOBLOK reached 2629 position of 4386 companies from all Poland.

The fact that we are in this ranking is nothin but proof that we are going a right way. It makes us happy and gives us motivation for future – said Przemysław Skrzydlak, CEO of IZOBLOK S.A.

The Business Gazelle ranking has been running continuously since 2000. It classifies the most dynamic growth companies in the SME sector in Poland. The ranking was authored by Coface Poland, the economic intelligence responsible for the verification of financial data. The summary shall be published annually in the form of a special edition attached to the ‘Puls Biznesu’

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IZOBLOK gets a new contract from AUDI AG for over 30 mln PLN

IZOBLOK has got a new deal from AUDI AG. The company had been given the order for car parts made from EPP. Total contract value is 7 million EUR (over 30 mln PLN).

We expect to start putting order into effect for our customer in October 2018. Project is expected to be closed in 2026. There is no any special terms & conditions in the order, just typical ones for this sort of deal. The order was not subjected to any condition or a time limit.

This is a good news both for us and our shareholders. We are very restrictive in implementing our declared development strategy. The commitment to quality of service and business relationships is a success – said Przemysław Skrzydlak, CEO of IZOBLOK S.A.

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IZOBLOK shows first consolidated results after successful M&A transaction

After the first half of the 2016/2017 Financial Year, IZOBLOK shows its first financial results already as a Corporate Group. Sales revenue was PLN 67,615 thousand, while the profit was PLN 6,436 thousand. The EBIDTA was at a level of PLN 11,090 ths. As a unit level, IZOBLOK S.A. reached sales revenue at a level of PLN 45,853 thousand and a profit of PLN 5,992 thousand, which was higher compared to corresponding period by 334%. EBITDA reached PLN 9,533 thousand compared to corresponding period from the previous year, where it was PLN 8,103 thousand – that givs 17.7 % growth. Sales revenue after two quarters of 2016/2017 reached PLN 7,401 thousand and increased by 13.25%, while operational costs increased only by 8.9%.

The profit in unit terms on operating activity was at PLN 6,86,5 thousand and increased by 6,95 % compared to the first half of the previous year.

When analyzing the financial data for the two quarters of the 2016/2017 financial year, it is worth noting the sustaining good profitability at the individual and consolidated sales levels as well as EBIDTA. Both the sales revenue as well as the results worked out for the first half of 2016/2017 fulfilled our expectations. It was a very demanding year for us: issue of shares in order to partially finance the acquisition of our biggest competitor, significant contracts, consolidation and rebranding activities. This was a time of a very intensive work. I am very satisfied that we have managed to execute and achieve so many good things in those two quarters – says Przemysław Skrzydlak, CEO of IZOBLOK S.A.

The main impact on last year order book had deals with Audi, Jaguar Land Rover, Johnson Controls oraz HP Pelzer Group – in total roughly 30 million EUR. The Company’s shares are in the long-term upward trend. Shares have been going up since kick-off in December 2016. At that time there was 22,90 PLN per one share while at the end of 2016 178,55 PLN/ share. Recommendation od “BUY IT” was given by DM Noble Securities and DM BZ WBK with target level estimated at pln 205 per share and pln 245 per share, respectively. A successful deal M&A – takeover of the biggest German competitor SSW Pearl Foam GmbH wich was partly-financed by the June issue of shares, it was considered a transaction of the year and awarded Top Cross-Border M&A Deal of the Year and Top Polish Investor in Germany at FDI Poland Investor Awards. Thanks to this deal IZOBLOK became the established market leader in EPP manufacturing market for automotive industry. Since the end of August 2016 together with SSW Pearl Foam GmbH, IZOBLOK S.A. has formed a Capital Group with a share of 25% in the European EPP market. Moreover the Company was awarded by Forbes Diamonds and The Eagles of Export as well as by ADIENT (the world’s biggest car seats supplier) – with Bronze Supplier Performance Award.

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IZOBLOK is summing up the year 2016

IZOBLOK S.A. is summing up the previous calendar year : successful M&A deal and 100% shares takeover from German company – SSW PearlFoam. Furthermore 8 prestigious awards and new orders. Moreover, in 2016 the company’s shares received a “purchase” recommendation from Noble Securities and DM BPS.

The portfolio of last-year contracts of IZOBLOK included mainly orders from Audi, Jaguar Land Rover, Johnson Controls and HP Pelzer Group for a total of nearly EUR 30 million. The company shares are on a long-term increase tendency. The shares have been going up in price since the debut in December 2011. At that time, one Company share was sold for PLN 22.9, compared to PLN 178.55 at the end of 2016. DM Noble Securities and DM BZ WBK issued “purchase” recommendations with a target level estimated at PLN 205 per share and PLN 245 per share, respectively.

IZOBLOK S.A. closed IQ 2016/2017 with a net income of PLN 2,979 ths compared to PLN 1,352 ths for IQ 2015/2016. This is a record-breaking increase in the 18 years of the company’s history. Sales revenue were at a level of PLN 22,399 ths and were 8.5% higher than for the same period previous year. EBIDTA and operational profit were at a comparable level as in IQ 2015/2016 and equaled PLN 4,475 ths and PLN 3,326 ths, respectively.

The successful M&A transaction – IZOBLOK’s acquisition of the largest competitor, SSW Pearl Foam GmbH, partly financed by the June share issuing – was deemed the transaction of the year and awarded with the Top Cross-Border M&A Deal of the Year and the Top Polish Investor in Germany at the FDI Poland Investor Awards. Thanks to this transaction, IZOBLOK became the undisputed leader on the European market of EPP processing for the car industry. Since the end of August, 2016, IZOBLOK S.A. and SSW Pearl Foam GmbH have been acting as a Capital Group, with a 25% share on the European EPP market.

Moreover, IZOBLOK became a laureate of the prestigious Forbes Diamonds rank, the Eagles of Export, as well as a finalist of the Global Leaders of the Future competition, Poland GO GLOBAL!

The year 2016 brought about also important branch awards. The company has been appreciated by ADIENT, the largest supplier of car seats in the world, by receiving the Bronze Supplier Performance Award, as well as twice by Yanfeng Automotive Interiors, a world tycoon in comprehensive delivery of components for the biggest car concerns in the world – receiving the Platinum Supplier Performance Award and the Leadership Award.