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IZOBLOK is summing up the year 2016

IZOBLOK S.A. is summing up the previous calendar year : successful M&A deal and 100% shares takeover from German company – SSW PearlFoam. Furthermore 8 prestigious awards and new orders. Moreover, in 2016 the company’s shares received a “purchase” recommendation from Noble Securities and DM BPS.

The portfolio of last-year contracts of IZOBLOK included mainly orders from Audi, Jaguar Land Rover, Johnson Controls and HP Pelzer Group for a total of nearly EUR 30 million. The company shares are on a long-term increase tendency. The shares have been going up in price since the debut in December 2011. At that time, one Company share was sold for PLN 22.9, compared to PLN 178.55 at the end of 2016. DM Noble Securities and DM BZ WBK issued “purchase” recommendations with a target level estimated at PLN 205 per share and PLN 245 per share, respectively.

IZOBLOK S.A. closed IQ 2016/2017 with a net income of PLN 2,979 ths compared to PLN 1,352 ths for IQ 2015/2016. This is a record-breaking increase in the 18 years of the company’s history. Sales revenue were at a level of PLN 22,399 ths and were 8.5% higher than for the same period previous year. EBIDTA and operational profit were at a comparable level as in IQ 2015/2016 and equaled PLN 4,475 ths and PLN 3,326 ths, respectively.

The successful M&A transaction – IZOBLOK’s acquisition of the largest competitor, SSW Pearl Foam GmbH, partly financed by the June share issuing – was deemed the transaction of the year and awarded with the Top Cross-Border M&A Deal of the Year and the Top Polish Investor in Germany at the FDI Poland Investor Awards. Thanks to this transaction, IZOBLOK became the undisputed leader on the European market of EPP processing for the car industry. Since the end of August, 2016, IZOBLOK S.A. and SSW Pearl Foam GmbH have been acting as a Capital Group, with a 25% share on the European EPP market.

Moreover, IZOBLOK became a laureate of the prestigious Forbes Diamonds rank, the Eagles of Export, as well as a finalist of the Global Leaders of the Future competition, Poland GO GLOBAL!

The year 2016 brought about also important branch awards. The company has been appreciated by ADIENT, the largest supplier of car seats in the world, by receiving the Bronze Supplier Performance Award, as well as twice by Yanfeng Automotive Interiors, a world tycoon in comprehensive delivery of components for the biggest car concerns in the world – receiving the Platinum Supplier Performance Award and the Leadership Award.

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