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IZO-BLOK closes the 2015/2016 financial year with record-breaking results

IZO-BLOK S.A. closed the 2015/2016 financial year with record-breaking results. Compared to the previous year, sales revenue increased by 17.8% to PLN 93.8 million, the operational profit was higher by 49.4% and in total was PLN 13.47 million, while EBIDTA reached PLN 17.1 million, indicating an increase of 49.1%. Such good financial result is not only the effect of new orders consistently secured by the Company, but also of the optimization of manufacturing processes, so so operating margin was 14.3%.

Surely, the 2015/2016 financial year was a time filled with challenges: we secured significant contracts, including from Jaguar, VW or Johnson Controls; we started and successfully finished negotiations regarding the takeover of our largest competitor, which will allow us to achieve top position on the European EPP processing market for the automotive industry. We achieved a lot. I am pleased both as a shareholder and chairman. However, more challenges still lie ahead. – says Przemysław Skrzydlak, CEO of IZO-BLOK S.A.

In the 2014/15 financial year, IZO-BLOK worked out a net sales income of PLN 79.7 million, EBIDTA of PLN 11.7 million and net income of PLN 11.2 million.

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