Newag S.A. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was PLN 275.98 million compared to PLN 197.48 million a year ago. Net income was PLN 25.92 million compared to PLN 0.401 million a year ago.

Basic earnings per share from continuing operations was PLN 0.58 compared to PLN 0.01 a year ago. Diluted earnings per share from continuing operations was PLN 0.58 compared to PLN 0.01 a year ago.