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IZOBLOK S.A. sums up IH 2017/2018

Sales revenue of Corporate Group has reached 113.232 thousand PLN which gives 67,5% increase in comparison to the previous year. Consolidated EBITDA has been noted at the amount of 11.388 thousand PLN, achieving profitability of 10.1% of sales revenue. IZOBLOK S.A. sales revenue is 45.432 PLN with a 0.9% drop comparing to IH 2016/2017. The consolidated results also include a financial provision for future tax liabilities of 1,560 thousand PLN due to tax on the transfer of property of the subsidiary of IZOBLOK GmbH.

Sales revenues and the results achieved during the first half of 2017/2018 are in line with our objectives and exactly as we planned – said Przemysław Skrzydlak, CEO of IZOBLOK S.A.

The first half of 2017/2018 is a further, consistent implementation of taken strategy. We are still very consistently optimizing the production processes in IZOBLOOK GmbH at the level of quality management, production management, personnel management, waste management and energy costs through the implementation of modern IT solutions. There are new important and significant contracts in our Order Book – ADIENT – (over 10 million EUR). We have set up the Audit Committee. Our Order Book has been fueled by new clients like Aston Martin and Grupo Antolin (TIER). Our cooperation with BMW and Jaguar Land Rover is doing really well – said Przemysław Skrzydlak, CEO of IZOBLOK S.A.

What is worth mentioning is a fact that our team was supercharged by Zbigniew M. Pawłucki as it was planned at the end of the calendar year. Mr. Pawłucki is going to be 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. A pretty complex and demanding restructuring process was accomplished ISO/TS 16949:2009 na IATF 16949:2016. We are coming to an end with two investments: getting infrastructure prepared and done for shifting the raw material production line and the office building at Legnica Street (Plant no. 1). There are also some new awards under our belt. We have been awarded FDI Poland Investor Awards – Top Exporter: Automotive (category). We have been given BusinessGazelle Award and we have been listed on One to Watch – the prestigious European Business Awards. Our German company was also visited by Bodo Ramelow – Minister President of Thuringia – said Przemysław Skrzydlak, CEO of IZOBLOK S.A.

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