IZOBLOK SUMMARISES IV Q 2022/2023
In the period of 12 months in the financial year 2022/2023, the Capital Group IZOBLOK earned a consolidated operating revenue of PLN 252,787,000, which means an increase of 58.0% compared to the same period of the previous financial year. The consolidated operating profit totalled PLN 8,108,000, while EBITDA in the reported period amounted to PLN 19,946,000.
“The automotive market has stabilized at a reasonable level, with remarkable price adjustments due to lower energy prices. This is all the more risky because the energy market is highly volatile and it’s difficult to determine the level at which it will stabilise. We’re trying to make appropriate adjustments with our customers on an ongoing basis so that the risk distribution of energy cost variability is rational. We can see a general trend in which, after the crisis, the market has split into companies that are accelerating again and have good growth prospects, but we also see companies for whom the last two years have been disastrous.
IZOBLOK is the market leader and will soon prepare for further consolidation. The operational objectives for the next quarters include, among others, the launching of key projects that will significantly increase the company’s revenues and market share. The optimisation of processes and their automation are now in progress. The recent quarters have shown how much the work and commitment of IZOBLOK employees affect the company’s success.
In the reporting period, IZOBLOK didn’t record any payment backlogs on the part of contractors and the implementation of existing contracts is proceeding as planned. However, due to the persistent high variability of the environment, it’s impossible to exclude changes in expectations and forecasts in the next reporting periods”, says Przemysław Skrzydlak, the President of the Management Board of IZOBLOK S.A.