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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 Year – 2017/2018.
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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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.
