Boryszew ERG with new patent
09/03/2015Boryszew Group to have nearly PLN 37 million of net profit
18/05/2015Boryszew Group’s operating profit in 2014 was over PLN 210 million (138 per cent growth y/y) with net income of PLN 156 million (183 per cent growth y/y). Group’s income was over PLN 5 billion with EBTIDA of PLN 323 million. The results turned out to be the best in the company’s history.
Boryszew Group’s operating profit was over PLN 210 million which was PLN 122 million higher compared to 2013. Boryszew’s net income, including discontinued operations, was PLN 155.9 million. It was PLN 101.1 million higher than in 2013.
“2014 was a ground-breaking year for the company – we had a net income of PLN 156 million and over PLN 210 million of operating profit. It proves our growth strategy to be successful and that it gives measurable results,” says Piotr Szeliga, President of the Board of Boryszew SA.
“Those achievements is the result of a profitable year both in metal market and automotive segment. Please note overall outstanding growth. Net income per share grew from PLN 0.05 in 2013 to over PLN 0.5. Debt EBIDTA ratio has declined and reached 2.7. It had a huge impact on investors and financial institutions. Significant improvement in debt ratio was the key reason for paying dividend for 2014,” Szeliga adds.
Group’s income was over PLN 5 billion and they were over PLN 200 million compared to 2013.
“Boryszew’s income success is based on few factors. First and foremost, it came from sales volume growth which was 7 per cent y/y. GKB sales are continually growing since July 2012. The second thing is that investments from last two years give us cost advantage. It has then a direct impact on exploring new markets,” Piotr Szeliga says.