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IZO-BLOK shows the best results in the Company’s history

AFTER the third quarter of the Financial Year 2015/2016, THE TOTAL sales revenue increased by 15.3% compared to the corresponding period of the previous year. EBITDA was up 48,8% compared to the same period of the previous year and amounted to 14,017 thousand PLN. The profit on sales after the third quarter of 2015/2016 was PLN 11.163 thousand PLN and rose by 38.1%. While the increase in costs from operating activity rose 11.6 percent. Such good results were undoubtedly influenced by: higher revenues and gross margin on sales and further optimization of production processes

The operational profit was shaped at the level of PLN 11,511 ths and increased by 50.7% compared to Q3 from the previous year. Meanwhile, recognizing negative valuation effects of derivative financial instruments in the total amount of PLN 6,749 ths (reversing valuation effects as of 4/30/3015 and recognizing valuation effects as of 1/31/2016) had a direct impact on the decrease of net income by 66.8% compared to Q3 for the previous Financial Year.

The financial figures for the three quarters of the 2015/2016 Financial Year show our best results until now, what makes us happy ans I hope our investors are satisfied as well. Takeover of the German company SSW PearlFoam will give us a leading role on the European EPP processing market for the automotive industry – says Przemysław Skrzydlak, CEO of IZO-BLOK S.A.

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