ES-SYSTEM
Transkrypt
ES-SYSTEM
ES-SYSTEM Press release Warsaw, May 12, 2009 FINANCIAL RESULTS OF THE ES-SYSTEM GROUP FOR THE FIRST QUARTER OF THE YEAR 2009 PROFITS GROW DESPITE ECONOMIC SLOWDOWN IN THE CONSTRUCTION INVESTMENTS MARKET Description (value in PLN thousand) 1. 2. 3. 4. 5. 6. 7. 8. 1 Q 2009 Revenue on sales of products, goods and materials Gross profit on sales Operating profit (EBIT) Return on profit EBIT EBITDA Gross profit Net profit Return on net profit 33 962 14 790 3 335 9,82% 4 756 4 224 3 120 9,19% I Q 2008 37 535 14 140 2 971 7,92% 4 070 3 106 2 469 6,58% Change 2009 to 2008 -9,52% 4,60% 12,25% 16,86% 35,99% 26,37% INCONSIDERABLE DECREASE OF REVENUE due to slowdown in the construction sector Downturn in the sector of construction investments related to the crisis on the financial markets had negative influence on the results for the 1Q 2009. Company’s sales declined by 9,5% in the 1Q to the level of PLN 33,9 mln o Domestic sale declined by 5,2% to PLN 26 mln o Export sale in the 1Q amounted to PLN 8 mln and is 21,3% lower than last year Regardless of sales decline in the Group, positive revenue dynamics were held in the sector of innovative and energy saving lighting equipment. GROWTH OF PROFIT ON SALES Gross profit on sales of the Group increased by almost 5% yoy and reached the level of PLN 14,8 mln. Increase of profit on sales with decrease of revenue dynamics was possible due to sales of energy saving products with high margin on the domestic and foreign markets. It confirms justness of the development strategy in the area of innovative lighting solutions taken by the Capital Group. Positive effect on the gross result on sales also had the rise in profitability on export sales related to the change of markets’ structure and strengthening of EUR against PLN. INCREASE OF PROFIT operation and net Operating profit of the Group in the 1Q of the current year amounted to PLN 3,335 mln, increase by 12,25%. Operating margin reached the level of 9,8%. Net profit at the end of March of the current year amounted to PLN 3,120 mln, increase by 26,37%. Net margin at the of the quarter amounted to 9,2%. Higher dynamics of the net profit in relation to EBIT resulted from reaching in the 1Q 2009 positive result on the financial operations mainly due to positive differences in exchange rates (about PLN 750 000). Selected domestic projects in the 1Q 2009: • Gallery Olimp - Lublin (T) • District Prosecutor’s Department - Lodz (Z) • Museum of Cinematography - Lodz (T) • Music Theatre - Lodz (Z) • Kongskilde Factory - Kutno (T) www.essystem.pl [email protected] ES-SYSTEM S.A. z siedzibą w Krakowie, ul. Przemysłowa 2, 30-701 Kraków wpisaną przez Sąd Rejonowy dla Krakowa – Śródmieścia w Krakowie Wydział XI Gospodarczy KRS do Rejestru Przedsiębiorców Krajowego Rejestru Sądowego pod numerem 0000113760, o numerze NIP 679-25-51-640 i numerze REGON 351610904, o kapitale akcyjnym 14.145.000, 21 zł (w całości wpłaconym), o zarządzie w składzie: Prezes Zarządu – Bogusław Pilszczek, Wiceprezes Zarządu – Leszek Ciupiński, Wiceprezes Zarządu – Jacek Wysocki. -1- ES-SYSTEM • • • • • • • • Belchatow Power Station Block 858MW (T) Procter&Gamble cosmetics factory – Aleksandrow Lodzki (T) City Hall Bielany (Z) Gallery Malta - Poznan (Z) Gallery Ilawa (Z) Bank chain Allianz – about 10 branches in the whole country (T) SEA TOWERS - Gdynia (Z) Gallery POLIMENI - Slupsk (Z) Selected export projects in the 1Q 2009: • • • • • • Office building in a business centre Arabella w Munich - (T) BV Schwoerer Factory in Berlin - (T) Emergency lighting in a shop-chain M&S, Koszyce, Poznan, Brno - (Z) Kampus Brno - (Z/T) Mall Plovdiv - (Z) Liquefaction faktory in Doha, Katar - (Z) (Z) – finished, (T) – during realization (Z/T) – partially finished ES-SYSTEM bets on the DIVERSIFICATION OF MARKETS In relation to the 1Q of 2008 the number of companies to which ES-SYSTEM sold its products increased by 4 and amounted to 41. New markets include Uruguay, India, Iran, Moldova. Significant sales increase were noted in Qatar, Romania, Bulgaria, Croatia and in Spain. Value of export orders in the 1Q 2009 is greater by 10% than value of export orders in the 1Q 2008. Data regarding revenue in the 1Q and portfolio of orders expected to be realized in the next months indicate potential of the Company’s growth in the 2Q 2009. Considering unstable situation and deepening world crisis the Company cannot foresee situation in the business world in further quarters of the 2009. Additional information: Anna Przyczyna Administrative Office of ES-SYSTEM S.A. Tel. +48 (12) 295 80 39 e-mail: [email protected] ES-SYSTEM S.A. is the largest Polish company in the lighting sector in the section of professional lighting technology for constructions: general, architectural, residential, industrial, specialist and exterior. The Company forms specialized Capital Group with its own three production plants. The Group determines direction of the branch’s development in the areas of innovatory technological solutions, energy saving and design. For the last few years ES-SYSTEM has been recording a double digit increase in income along with distinct improvement of profitability ratios at the same time. Development strategy of the Group assumes strengthening the position of the national leader in the sector and dynamic increase in export sales on the EU market and other highly developed countries. www.essystem.pl [email protected] ES-SYSTEM S.A. z siedzibą w Krakowie, ul. Przemysłowa 2, 30-701 Kraków wpisaną przez Sąd Rejonowy dla Krakowa – Śródmieścia w Krakowie Wydział XI Gospodarczy KRS do Rejestru Przedsiębiorców Krajowego Rejestru Sądowego pod numerem 0000113760, o numerze NIP 679-25-51-640 i numerze REGON 351610904, o kapitale akcyjnym 14.145.000, 21 zł (w całości wpłaconym), o zarządzie w składzie: Prezes Zarządu – Bogusław Pilszczek, Wiceprezes Zarządu – Leszek Ciupiński, Wiceprezes Zarządu – Jacek Wysocki. -2-