Back IZOBLOK S. A. closes Financial Year 2017/2018
On August 30, IZOBLOK presented the Corporate Group’s annual financial results covering the period from may 1st , 2017 to April 30th, 2018.
The IZOBLOK group closed the financial year 2017/2018 with the historically highest result of sales revenues, more than PLN 228 million, good profitability at the unit and consolidated level of sales and EBITDA.
The consolidated EBITDA was PLN 24,5 million, at the EBITDA unit level was PLN 15,4 million. In comparison to the previous financial year, lower profitability was recorded at unit level, operating profit was lower by 20.9% r/r, EBITDA was lower by 15.7% r/R.
The decrease in the Group’s debt due to loans from PLN 55,4 million to PLN 53,4 million and the increase in working capital resulting from the increase in sales shows that the debt remains at a safe level.
Lower operating profit is mainly caused by higher operating costs and especially by a significant increase in the Group’s remuneration costs. Nevertheless, that does not change the fact that we have a very precise approach for further development as a Corporate Group. We do know what steps are going to take both long and short-terms in order to increase our market share. Lower operating profit is mainly caused by higher operating costs and especially by a significant increase in the Group’s remuneration costs. Nevertheless, that does not change the fact that we have a very precise approach for further development as a Corporate Group. We do know what steps are going to take both long and short-terms in order to increase our market share. We have done a lot of work on the integration and consolidation of our companies. We believe that the involvement and contribution of our employees will be reflected in the results of the next financial year – said Przemysław Skrzydlak, CEO of IZOBLOK S.A.
In 2018, the Group’s top management of IZOBLOK was strengthened. Mr. Zbigniew Pawłucki joined our team becoming a Vice CEO and Member of The Board of IZOBLOK S.A. He is responsible for coordinating and developing of sales, including relationships with Key Customers and Suppliers, R&D and the development of raw material manufacturing technologies and the automation of production processes.
The year was mainly devoted to integration and consolidation in Poland and Germany. During the next years of business activity, IZOBLOK will be going on with boosting its market position and strengthening its powers in the executive and R&D. areas
The past year also includes new, significant and important contracts from Jaguar Land Rover, Adent, BMW and important industry awards. Among other things, IZOBLOK was a national winner of the European Business Awards in the recognition success, Innovation and Ethics .
