IZOBLOK SUMS UP IIIQ 2019/2020
Summing up the financial results after third quarter 2019/2020 the IZOBLOK Corporate Group has achieved consolidated operating income in the amount of 150.065 PLN thousand it is 6.2 % less than in the same period of the 2018/2019 financial year. After IIIQ of 2019/2020, the Group earned operating profit of 3.410 PLN thousand that is 3.0% less than in the same period of 2018/2019. Whereas the EBITDA ratio in the reported period was 17.626 PLN thousand and was lower by 1.7% from EBITDA for 3Q 2018/2019.
“I need to admit that I rate pretty well he third quarter of this financial year. Well managed consistent sales and cost policy has brought intended and expected results, enabling us to get more projects in the industry. Today, we are following with great care and concern the pandemic situation that stopped and broke the traditional supply chain in the automotive industry which we are part of. It is definitely going to have a negative impact on the Group’s sales revenue value in the fourth quarter of the financial year 2019/2020.” Przemysław Skrzydlak, CEO of IZOBLOK SA, said.