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IZOBLOK SUMS UP III Q 2018/2019

After three quarters of 2018/2019 IZOBLOK GROUP has reached revenues of 160.004 PLN thousand. Whereas the EBITDA was 17.939 PLN thousand. On a unit level IZOBLOK generated revenues of 70.432 PLN thousand and operating profit of 7.072 PLN thousand. In comparison to the same period of the previous year, revenues were 5.2% lower at consolidated level and EBITDA was lower by 2.3%. At unit level, revenues were 4.3% higher, while EBITDA was 11.4% lower than the same period last year.

“The company’s Financial Results after three quarters are going along with our expectations. The future is looking good as there are more and more new projects coming up on the market. I think this year we start observing some improvements in our line of business and the situation on the market will be getting better and better. Our main goal that has been set – reduction of company’s debt is going along with the plan. We look forward to improving market sentiment in the coming months,” says Przemysław Skrzydlak, CEO of IZOBLOK SA.”