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IZOBLOK SUMARISES Q3 OF 2020/2021
In Q3 of 2020/21, IZOBLOK Group reached the sales income of the previous year, but the negative influence of the COVID-19 pandemics is visible in terms of the margins. From the beginning of the FY 2020/2021, the Group reached consolidated income from operations amounting to PLN 136,327.00, meaning 9.2% less than in the analogous period of the FY 2019/20220. Plus, there was a loss of PLN 6,393.00 generated from operational activities, and the EBITDA measure (earnings before interest, taxes, depreciation and amortization) in the reported period was PLN 7,807.00, which was 55.7% less than the analogous period of the previous year.
Despite difficult economic conditions, IZOBLOK was able to win in Q3 of 2020/21 new and considerable orders, among others: from Autoneum Poland, with total cost of PLN 73.7 million, and from Auria Solutions Ltd, with total cost of PLN 37.8 million.
‘The reported Q3 of 2020/2021 brought the period of a relative stability in the automotive branch. In this period, there were signs of refurbishing of the automotive market at the levels of pre-COVID-19 pandemics,but it is carried out differently in individual countries and— one way or another — at lower levels of income in comparison to the previous year. The rise in the number of orders is noticeable in plants in Poland, and, to a smaller extent, in the German plant.
I can assure you that our actions are directed towards full usage of the IZOBLOK Group’s potential, effective management of the available resources and minimizing of negative impact of the COVID-19 pandemics onto the results. We expect that, following difficult time, the situation in the national and global economy will head towards gradual improvement. This year, the Group continues development actions and aims at increasing sales and improving financial results. Constantly, we will continue with organisational and manufacturing improvements, which will provide for consistent and effective realization of an ambitious strategy. This, in turn, lets us look optimistically into the future’ — says Przemysław Skrzydlak, CEO of IZOBLOK S.A.
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IZOBLOK SUMMARISES IH 2020/2021
In the first half of 2020/2021, the IZOBLOK Group generated consolidated operating revenues of PLN 85,078 thousand, 17.6% less than in the corresponding period of the 2019/2020 financial year and an operating loss of PLN 4,583 thousand was generated, while EBITDA (operating profit/loss plus depreciation and amortization) in the reported period amounted to PLN 4,903 thousand and was 64.1% less than in the corresponding period of the previous year.
Standalone operating revenue in the first half of 2020/2021 amounted to PLN 46,966 thousand, thus, they decreased by 6.4% as compared to the corresponding period of the previous year.
Operating profit in the first half of 2020/2021 amounted to PLN 2,858 thousand and accounted for 6.1% of sales revenue (first half of 2019/2020 PLN 6,580 thousand). Operating profit plus depreciation and amortisation (EBITDA ratio) amounted to PLN 6,161 thousand and accounted for 13.1% of sales revenue whereas in H1 2019/2020 this ratio amounted to PLN 9,834 thousand.
The first half of the 2020/2021 financial year was a period full of dynamic changes and huge challenges caused by the strong negative impact of the coronavirus pandemic on the automotive industry. The spread of the COVID-19 pandemic contributed to a significant decline in sales revenue during the months of May through August 2020, followed by the September-October period of this year. The Group recorded a return of sales revenues to the level comparable in previous years.
Although the scale of the negative impact of the COVID-19 pandemic is still difficult to estimate precisely, I believe that our well-established and solid financial position will allow us to meet the challenges resulting from the current economic situation in Poland and worldwide. In the coming months we are going to observe the situation in the automotive market very closely in order to adjust our production capacities to changing conditions in the Polish and global automotive industry, says Przemysław Skrzydlak, President of IZOBLOK S.A.
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IZOBLOK SUMMARISES IQ 2020/2021
Summing up the financial results obtained after the first quarter of 2020/2021, The IZOBLOK Group generated consolidated operating income of PLN 32,078 thousand, 36.0% less than in the corresponding period of the 2019/2020 financial year. After the first quarter of 2020/2021, the Group recorded an operating loss of PLN 5,606 thousand, while EBITDA in the reported period amounted to PLN – 792 thousand.
“The results for the first quarter of fiscal 2020/21 are heavily impacted by the COVID-19 pandemic, which has caused a slowdown in the global economy negatively impacting the automotive industry in which we operate. In the period from May to July 2020, compared to the previous financial year, we recorded a significant reduction in orders from our contractors. We know that the financial year 2020/2021 is and will be more difficult, nevertheless, the development activities undertaken by us are already bringing the desired results allowing us to look at the coming months with more optimism”. – says Przemysław Skrzydlak, President of IZOBLOK SA.
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IZOBLOK CLOSES THE 2019/2020 FINANCIAL YEAR
On 26 August 2020, IZOBLOK presented the Group’s annual financial results covering the period from 1 May 2019 to 30 April 2020.
In the shadow of events related to the COVID-19 pandemic, IZOBLOK Group’s revenues amounted to PLN 184.6 million, consolidated EBITDA amounted to PLN 17.2 million with a net loss of PLN 4.5 million, on a standalone level EBITDA amounted to PLN 14.5 million and net profit PLN 3.4 million. Operating cash flow on the consolidated level amounted to PLN 34 million, while on the individual level it amounted to PLN 24 million. A drop in the Group’s debt on account of loans, borrowings and leases from PLN 65 million to PLN 53 million shows that debt remains at a safe level. Due to the COVID-19 pandemic and the resulting lock-down and subsequent decline in sales, we cannot directly compare the data obtained to 2018/2019.
Although the scale of the negative impact of the COVID-19 pandemic is still difficult to estimate precisely, I believe that the results achieved in 2019/2020 and our solid financial position will allow us to meet the challenges arising from the current economic situation of the Polish and global automotive industry.
As a Group we focus on strong foundations, therefore we put great emphasis on cost optimization and increasing efficiency. We want the Group to remain financially stable and process-ready for dynamic growth or potential acquisitions. We are aware of the changes taking place in our industry and realize that only strong, stable entities will be able to compete with global players. We see good prospects for the near future for IZOBLOK Group companies.
On behalf of the Management Board, I would like to thank the Supervisory Board, our shareholders, clients and employees, without whom we would not have been able to implement our plans, and above all to carry out the Group’s plan to adapt to the new market circumstances caused by the outbreak of the coronavirus pandemic – says Przemysław Skrzydlak, President of IZOBLOK SA.
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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 .
