{"id":5003,"date":"2018-09-04T00:00:00","date_gmt":"2018-09-03T22:00:00","guid":{"rendered":"https:\/\/www.boryszew.com.pl\/boryszew-najmocniejszy-w-segmencie-metale\/"},"modified":"2021-11-29T15:42:21","modified_gmt":"2021-11-29T14:42:21","slug":"boryszews-metals-segment-with-strongest-performance-in-h1-2018","status":"publish","type":"post","link":"https:\/\/www.boryszew.com.pl\/en\/boryszews-metals-segment-with-strongest-performance-in-h1-2018\/","title":{"rendered":"Boryszew\u2019s Metals Segment with strongest performance in H1 2018"},"content":{"rendered":"

Boryszew Group \u2013 one of the largest industrial groups in Poland \u2013 reached PLN 3.2 billion of revenues and PLN 108 million of net profit in the first half of 2018. The main growth driver for the Group\u2019s results was the Metals Segment, which recorded an almost 11% increase in EBITDA (PLN 151 million in H1 2018 vs. PLN 136 million in H1 2017), with a 3% increase in revenues (PLN 1.95 billion in H1 2018 vs. PLN 1.89 billion in H1 2017).<\/strong><\/p>\n

Results after the first half of 2018<\/strong><\/p>\n

Boryszew Group\u2019s EBIDTA amounted to PLN 231 million, with gross profit on sales of PLN 334 million. In the first half of 2018, the Group generated positive cash flows from both the operating and financial activities. These reached, respectively, PLN 89 million and PLN 20 million. However, the surpluses generated by the Group were not retained, as they were fully utilised for CAPEX projects. Still, regardless of the investment expenditure, the Group\u2019s cash balance as at 30 June 2018 remained positive at PLN 171 million.<\/p>\n

“The bar was set high by the results we generated in previous years so our current growth dynamics may look less impressive in comparison. Today, Boryszew Group is a mature holding company and a global player, whose results are stable and predictable for the market. In the current situation, another major results growth would be possible only through implementing a new large investment programme aimed at significantly increasing our production capacity or through further acquisition activities,<\/em>” said Piotr Szeliga, acting CEO and President of the Management Board of Boryszew S.A.<\/strong><\/p>\n

Growth in the Metals Segment<\/strong><\/p>\n

The Metals Segment, whose sales account for 60% of the Group\u2019s consolidated revenues, recorded a 3% increase in revenues, which at the end of June 2018 amounted to PLN 1.95 billion. This was due to an increase in sales volumes, which occurred mainly in Baterpol, Aluminium Konin and NPA Skawina.<\/p>\n

In the first half of 2018, 142,000 tons of products were sold in the Metals Segment. The Segment\u2019s EBITDA increased to PLN 151 million, i.e. up by 11% on the same period in 2017. The Group plans to consistently develop this largest segment of its operations by increasing its production capacity and expanding the product portfolio. As part of the strategy adopted at the beginning of this year, Impexmetal SA \u2013 a Boryszew Group company \u2013 signed exclusive licensing agreement with the Korea Institute of Industrial Technology (KITECH). The aim of the cooperation is to build a production line for a new aluminium-magnesium (AL-Mg) alloy developed by KITECH. – “This highly innovative product will be characterized by exceptionally high durability while maintaining very good ductility, i.e. by performance parameters unparalleled worldwide. Thanks to its lightness, it will find wide application across many industries, including the automotive and aviation one,” Piotr Szeliga<\/strong> commented.<\/p>\n

Positive prospects for the Automotive Segment<\/strong><\/p>\n

In the Automotive Segment \u2013 the Group\u2019s second largest segment of operations – Boryszew Group generated over PLN 1 billion revenues, with EBITDA at PLN 63 million.<\/p>\n

“Lower results in the Automotive Segment are mainly the effect of a drop in the EUR\/PLN exchange rate. Although sales of tools also decreased, some of the decrease was temporary due to the postponement of implementation schedules for the production of new projects. Last year we received compensation from the insurance policy of the Prenzlau factory, which affected the 2017 results. We are well pleased with the large number of new nominations that we have managed to acquire. In the first 6 months of 2018, their value exceeded EUR 170 million,<\/em>” Piotr Szeliga<\/strong>\u00a0added.<\/p>\n

The first half of 2018 saw an increase in car sales in Europe \u2013 according to ACEA data, the passenger car market rose by 2.9% compared to the first half of 2017. Boryszew Group is present on the automotive markets of South America and Asia, but Europe remains its key market, accounting for about 90% of the Group\u2019s sales (in terms of sales values).<\/p>\n

In the first 6 months of the year, Boryszew Group generated PLN 3.2 billion in sales revenues, with growing geographic diversification: at the end of June, the Polish market accounted for only 34% of the Group\u2019s revenues. Germany remained the second-largest market, with PLN 772 million of sales revenues in the same period, i.e. 24% of the Group\u2019s total sales. The share of the rest of EU countries is steadily growing, reaching over one-third of the Group’s revenues (34%). In the following quarters, the Group\u2019s situation will depend on the attractiveness and competitiveness of its product offer, but also, to a large extent, on the condition of the Polish and European economies. Other important factors will be the moods prevailing on the European car sales market as well as the developments on the aluminium and foreign exchange markets. These are the key market parameters for Boryszew Group\u2019s future activities, which, although outside the control of the Company\u2019s Management Board, are well researched by it in the context of potential development opportunities.<\/p>\n

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Boryszew Group \u2013 one of the largest industrial groups in Poland \u2013 reached PLN [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[143],"tags":[],"_links":{"self":[{"href":"https:\/\/www.boryszew.com.pl\/en\/wp-json\/wp\/v2\/posts\/5003"}],"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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.boryszew.com.pl\/en\/wp-json\/wp\/v2\/comments?post=5003"}],"version-history":[{"count":3,"href":"https:\/\/www.boryszew.com.pl\/en\/wp-json\/wp\/v2\/posts\/5003\/revisions"}],"predecessor-version":[{"id":9834,"href":"https:\/\/www.boryszew.com.pl\/en\/wp-json\/wp\/v2\/posts\/5003\/revisions\/9834"}],"wp:attachment":[{"href":"https:\/\/www.boryszew.com.pl\/en\/wp-json\/wp\/v2\/media?parent=5003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.boryszew.com.pl\/en\/wp-json\/wp\/v2\/categories?post=5003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.boryszew.com.pl\/en\/wp-json\/wp\/v2\/tags?post=5003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}