Back

PRESS RELEASE FOR THE 2024 ANNUAL REPORT

During the 12 months of the 2024 financial year covering the period from 01.01.2024 to 31.12.2024, the IZOBLOK Group generated operating income of PLN 252.3 million, consolidated EBITDA was PLN 16.9 million, with a net profit of PLN 13.9 million. At the unconsolidated level, income amounted to PLN 130.3 million, EBITDA amounted to PLN 7.7 million and net profit to PLN 2.6 million.

Referring to the financial results achieved in the reporting period, Przemysław Skrzydlak, CEO, said:

“Despite the industry crisis, the IZOBLOK SA Group mostly implemented its strategic investments and presented satisfactory results at the consolidated level. The improvement in the operating efficiency of the subsidiary in Germany is worth noting.

After a series of industry crises, there is currently a high level of uncertainty in terms of production volumes, related to new export barriers for European manufacturers.

The overall increase in costs, inflation and high volatility of energy prices effectively inhibit the growth of operating profitability, despite the significant utilisation of production capacity.

This year, the Management Board’s activities will focus mainly on improving operational efficiency and further developing cooperation on global projects with selected partners in the United States and China. The company is currently launching serial production of projects, reported earlier in current reports.

Despite the unfavourable condition of the entire industry, IZOBLOK is developing steadily and has good growth prospects thanks to its market position and highly diversified customer portfolio.

During the reporting period, IZOBLOK did not record any delayed payments from contractors, and the performance of existing contracts proceeded with some deviation from the original assumptions.

Due to the continuing high volatility of the environment, changes in expectations in subsequent reporting periods cannot be ruled out.”