{"id":10688,"date":"2023-04-18T20:20:33","date_gmt":"2023-04-18T18:20:33","guid":{"rendered":"https:\/\/www.boryszew.com.pl\/?p=10688"},"modified":"2023-05-09T13:36:24","modified_gmt":"2023-05-09T11:36:24","slug":"boryszew-successfully-realizes-the-goals-of-the-new-business-strategy-for-2022","status":"publish","type":"post","link":"https:\/\/www.boryszew.com.pl\/en\/boryszew-successfully-realizes-the-goals-of-the-new-business-strategy-for-2022\/","title":{"rendered":"Boryszew successfully realizes the goals of the new business strategy for 2022"},"content":{"rendered":"

Boryszew Group, one of Poland\u2019s largest private industrial groups, generated consolidated revenues of PLN 6.8 billion in FY 2022, more than 8% up on FY 2021. In the reporting period, the consolidated EBITDA grew by nearly 15% to reach PLN 395 million (PLN 387 million adjusted for one-offs) while the consolidated net profit increased by more than 38 % to PLN 114 million. Like-for-like, the Group\u2019s EBITDA doubled over the last two years. A positive contribution to the Group\u2019s results was made by the Automotive Segment. Easing supply crunch and dynamic growth of orders for EV components brought along the long-awaited improvement of the Segment\u2019s performance.<\/strong><\/p>\n

2022 was a year of intensified investment activity in the Automotive Segment. Last year, Boryszew Group\u2019s total CAPEX reached PLN 259 million, for almost half of which \u2013 PLN 119 million \u2013 accounted Automotive, which is composed of Maflow Group and BAP Group.<\/p>\n

\u201cWe are increasing Maflow Group\u2019s production capacity in the area of air conditioning hoses for electric vehicles, as the construction of new plants in China and Mexico is well underway. This is our response to the vigorous growth in electromobility, which for Boryszew Group brought agreements with new clients and rising orders from existing ones. As of March 31\u00a0202, the total value of nominations for contracts involving electric vehicles acquired in 2021-2023 reached \u00a0EUR 878.5 million. This figure demonstrates the strong capabilities of the Segment<\/em>,\u201d commented Wojciech Kowalczyk, President of the Board and CEO of Boryszew S.A.<\/strong><\/p>\n

In FY 2022, the Automotive Segment generated revenues of PLN 1.7 billion while the Segment\u2019s adjusted EBITDA reached PLN 31 million. In Q4 2022 alone, these results were PLN 455 million and PLN 17.8 million, respectively.<\/p>\n

Also very strong performance was recorded last year by the Group\u2019s largest segment \u2013 Metals. In the reporting period, the Segment\u2019s revenues were PLN 4.3 billion while the adjusted EBITDA grew to PLN 340 million, up by 12% on FY 2021 and 32% like-for-like.<\/p>\n

\u201cIn 2022, the Metals Segment more than matched its historically strong results from 2021, despite the marked economic slowdown in Q4 2022. Like-for-like (excluding the sold FLT Group and the discontinued activity at Hutmen), the Segment recorded in the reporting period a 25% growth in revenues. Strong sales of wire rod and aluminum extruded products at NPA Skawina contributed to a nearly 53% rise in revenues at this plant,\u201d <\/em>Boryszew CEO Wojciech Kowalczyk<\/strong> added.<\/p>\n

One of the key events for the Group in 2022 was the adoption of the new business strategy for 2022-2026 and the new dividend policy. Consequently, the dividend paid in June 2022 was the highest in the Company\u2019s history.<\/p>\n

\u00a0<\/em>\u201cIn 2022, we achieved the revenues and EBITDA as planned in our strategy despite major fluctuations and volatility in the prices of utilities, production components and high inflation as an effect of the war in Ukraine,\u201d<\/em> Boryszew CEO Kowalczyk<\/strong> stated.<\/p>\n

In 2022, as part of the planned implementation of the strategy\u2019s goals, the Group continued the restructuring of BAP Group, divested a non-strategic asset \u2013 Nylonbor \u2013 and launched investment in PV installations in the Automotive Segment\u2019s plants.<\/p>\n","protected":false},"excerpt":{"rendered":"

Boryszew Group, one of Poland\u2019s largest private industrial groups, generated consolidated revenues of PLN [\u2026]<\/span><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[143],"tags":[],"_links":{"self":[{"href":"https:\/\/www.boryszew.com.pl\/en\/wp-json\/wp\/v2\/posts\/10688"}],"collection":[{"href":"https:\/\/www.boryszew.com.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.boryszew.com.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.boryszew.com.pl\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.boryszew.com.pl\/en\/wp-json\/wp\/v2\/comments?post=10688"}],"version-history":[{"count":3,"href":"https:\/\/www.boryszew.com.pl\/en\/wp-json\/wp\/v2\/posts\/10688\/revisions"}],"predecessor-version":[{"id":10755,"href":"https:\/\/www.boryszew.com.pl\/en\/wp-json\/wp\/v2\/posts\/10688\/revisions\/10755"}],"wp:attachment":[{"href":"https:\/\/www.boryszew.com.pl\/en\/wp-json\/wp\/v2\/media?parent=10688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.boryszew.com.pl\/en\/wp-json\/wp\/v2\/categories?post=10688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.boryszew.com.pl\/en\/wp-json\/wp\/v2\/tags?post=10688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}