Boryszew Group’s 1Q 2015 financial results showed PLN 36,8 mln of net profit and nearly PLN 50 million of operating profit. Annualised net income per share was PLN 0.55 against PLN 0.06 compared to the same quarter last year. Sales revenue from continuing operations of PLN 1.5 billion were over 20 per cent higher than in IQ.
1Q 2014 Results
Operating profit of Boryszew Group after 1Q 2015 was PLN 49.9 million and is nearly PLN 17 million higher compared to the same period last year. Group’s annualised EBITDA exceeded PLN 340 million (against PLN 203 million) with net income of PLN 36.8 million.
First quarter results this year are better in every aspect compared to last year” – says Piotr Szeliga, President of the Board of Boryszew S.A. ‘’Automotive sector stabilized the outcome and seeming slip while compared to last year was just the results of high tools sales in 1Q 2014.’’ – says Szeliga. ‘’The company has settled a good quarter for Group’s metal companies. Aluminium segment had an operating profit of nearly PLN 19 million compared to 6.5 last year where Zinc and Lead segment tripled its performance. It proves the scale of hard work. I need to also mention NPA Skawina which, by completing its modernization and increasing the production capacity, turned to have historical results. Chemicals have also doubled its operating profit. We introduce safe plasticizers on the market and improve production effectivess with great success’’ – Piotr Szeliga adds.
Sales revenue of Boryszew Group in 1Q 2015 were nearly PLN 1.5 billion.
‘’Group’s sales revenue improved by 21 per cent’’– says Boryszew’s President of the Board. ‘’Aluminum segment had the most significant rise in sales. This follows both modernization of production line at Huta Aluminium in Konin and ground-breaking volumes in NPA Skawina.’’ – says Piotr Szeliga. ‘’Let’s not forget about considerable decline in Net debt to EBITDA radio which was 2.7 versus 4.1 last year. We manage to reduce the debt despite huge sales jump and working capital demand’’.