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IZO-BLOK shows a 49% EBIDTA increase after the first half of 2015/2016

After the first half of the Financial Year 2015/2016, IZO-BLOCK S.A. noted an increase in sales revenues from the corresponding period of the previous year by 14.9 percent of EBITDA was 49.4 percent higher compared to the same period of the previous year and amounted to 8.103 thousand PLN. The profit on sales after two quarters of 2015/2016 was PLN 6.535 thousand and rose by 43.9 percent and the increase in costs from operating activity rose by only 10.7 percent. Such good results were undoubtedly influenced by higher sales revenues and gross margin and further optimization of production processes.

The operational profit was shaped at the level of 6.533 thousand PLN and increased by 53.4% compared to the first half of the previous year. Meanwhile, recognizing negative valuation effects of derivative financial instruments in the total amount of 4,018 thousand PLN (reversing valuation effects as of 4/30/3015 and recognizing valuation effects as of 10/31/2015) had a direct impact on the decrease of net income by 61.3% compared to the first half of the previous financial year.

When analyzing the financial data for the two quarters of the 2015/2016 financial year, it is worth noting the sustained good profitability at the sales level as well as EBIDTA. Both the sales revenue as well as the results worked out for the first half of 2015/2016 fulfilled our expectations – said Przemysław Skrzydlak, CEO of IZO-BLOK S.A.

Currently, the Company is in negotiations regarding the acquisition of 100% shares of the German company SSW PearlFoam GmbH operating in the automotive industry. The possible execution of this transaction will allow IZO-BLOK to assume the position of undisputed leader on the European market of EPP processing for the automotive branch.