IZOBLOK S.A. After the first quarter of the 2024 financial year, covering the period from January 1, 2024, to March 31, 2024, the IZOBLOK Group achieved operating revenue of PLN 62,077,500.68, with EBITDA for the reported period amounting to PLN 4,639,145.07. The gross result closed at PLN 1,525,782.06.
Referring to the financial results achieved in the reported period, Przemysław Skrzydlak, President of the Management Board, stated: "The Management Board of the Company is pleased to present the achieved results, which confirm the effective strategy implemented by the company. Currently, efforts are focused on the implementation of numerous contracts, which the company has informed about in current reports. The new contracts will result in a significant increase in utilized production capacities, which should consequently translate into good operational results. There is noticeable pressure on price adjustments in the market due to lower energy prices, while the company is experiencing negative effects from the sharp increase in wage costs, rising service costs, and the adverse effects of the strengthening of the złoty and high interest rates. Despite these factors, IZOBLOK is developing steadily thanks to a large diversification of its customer portfolio and has good development prospects.
During the reporting period, IZOBLOK did not record any payment delays from contractors, and the execution of existing contracts is proceeding as planned. Due to the ongoing high volatility of the environment, changes in expectations in subsequent reporting periods cannot be ruled out."Przemysław Skrzydlak
CEO IZOBLOK S.A.
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Izo-Blok SA published this content on 03 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 June 2024 14:15:06 UTC.
