IZOBLOK S A : RECAPS FY 2022/2023

Back IZOBLOK RECAPS FY 2022/2023

In the 20-month period of the 2022/2023 financial year, covering the period from 01/05/2022 to 31/12/2023, the IZOBLOK Group generated operating revenue of PLN 429,477,796.16, with EBITDA in the reported period amounting to PLN 41, 369,585.32. The gross result amounted to PLN 20,868,075.68 and the net result reached PLN 18,809,550.80

Referring to the financial results achieved in the reported period, Przemysław Skrzydlak, CEO, said:
"The Company's Management Board is pleased to present the results achieved, which confirm the successful strategy that the Company is pursuing, particularly in the context of the challenges we have faced over the last 3 years. Despite the constant volatility: the economic climate, costs, energy carrier prices and ESG (Environmental, Social, and Governance) pressures to which the entire industry is subjected, the company has consistently met its operational targets.
There is still a great deal of uncertainty in Europe about the dynamics of the market expansion of electric cars, manufacturers are facing a significant drop in demand for electric vehicles and there is increasing pressure on the price of electric cars caused by a large influx of cheaper Chinese cars. As a result, negative impacts can be expected, affecting the margins of the entire supply chain. The market is seeing pressure for price adjustments due to lower raw material and energy prices, while at the same time companies, including IZOBLOK, are facing new challenges such as a surge in wage costs, services and the strengthening of the zloty and high interest rates. IZOBLOK is growing steadily and has good growth prospects thanks to its highly diversified client portfolio.
The Company's Management Board expects revenue growth in the following years. One of the priorities of the Management Board's activities in the coming quarters is to make strategic investments that will enable the company to achieve its operational goals.
During the reporting period, IZOBLOK did not record any payment bottlenecks from contractors and the execution of existing contracts is proceeding as planned. Due to the continuing high volatility of the environment, a change in expectations in subsequent reporting periods cannot be ruled out.
The Management Board would like to extend its special thanks to all the company's employees (in Poland and Germany) and the members of the company's bodies (including the members of the Supervisory Board), for the good work and personal contribution they have made in building IZOBLOK's success and position on the market."
Przemyslaw Skrzydlak
CEO IZOBLOK S.A.