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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.