Boryszew Group net profit after IIIQ 2014 was PLN 106.9 million (125% growth y/y) with PLN 156.7 million of operating profit (68% growth y/y) with revenue of PLN 3.82 billion (4% growth y/y).
Results after IIIQ 2014
EBIT of Boryszew Group after IIIQ 2014 was PLN 158 million with EBITDA of PLN 242 million. The company’s net profit was PLN 106.9 million.
‘IIIQ 2014 reflects the company’s excellent position. As we have expected, we managed to increase both the operating and net profits,’ says Piotr Szeliga, President of the Board of Boryszew SA.‘A growth of automotive sector was driven mainly by new projects which – as it usually is – bring the most margin in the first period of the contract,’ Szeliga adds. ‘We also noticed a spectacular improvement in zinc and lead sector. Optimised materials strategy and higher sales gave nearly three times better profit increase.’
After IIIQ 2014 Boryszew had PLN 3.82 billion of sales revenue compared to PLN 3.69 billion for the corresponding period of 2013.
‘I am glad to say that the revenue increase by 4% is due mainly to higher sales volumes coming from the automotive companies. The revenue growth was over PLN 115 million as well as of aluminium and zinc and lead sector,’ says Boryszew’s President. ‘We make every effort to build our customer base and find other potential areas where we can start the production. We fully recognize the huge power of scale effect. Quarter-over-quarter sales growth was 7%, ‘ Szeliga adds.
‘We also focus on reducing Boryszew’s deb. In IIIQ 2014 the interest rate debt / EBITDA ratio fell down to 3.3,’ says Piotr Szeliga.