IZOBLOK sums up IH 2019/2020
The IZOBLOK Corporate Group has achieved consolidated operating income in the amount of 103.298 PLN thousand, it is 6,2 % less than in the same period of the 2018/2019 financial year. Whereas the EBITDA ratio in the reported period was 13.640 PLN thousand and was at the same level as before a year.
The unit revenues from operating activities in the first half of the year 2019/2020 reached 50.201 thousand PLN. Thus they increased by 2.1% compared to the same period of the previous year. Operating profit (EBIT) in the first half of the year 2019/2020 was 6,580 PLN thousand and stands for 13.1% of sales revenue (first half of the year 2018/2019 – 5.146 thousand PLN). The EBITDA at unit level reached 9.834 thousand PLN and stands for 19.6% of sales revenues, in THE FIRST half of the year 2018/2019, the ratio was 7.784 thousand PLN.
“The first half of the year 2019/2020 has been a difficult and tough period in the automotive sector. However from this perspective, I believe that the results we have achieved are pretty satisfactory. Since the beginning of August 2019, we have been involved in the process of reviewing potential strategic options for further development of the Company and the capital group of IZOBLOK. Within the framework of this project we consider various options such as: search for an investor, including an industry or financial, change in structure of the IZOBLOK Corporate Group or other transaction, including acquisition” -said Przemysław Skrzydlak, CEO of IZOBLOK S.A.