PROJPRZEM MAKRUM S.A. the Industrial Group published its financial statements for 2018. Last year the company closed with an improvement in consolidated revenues, net profit as well as its EBITDA. On Thursday, March 21, 2019, you can join the 2018 results webinar of PROJPRZ MAKRUM S.A. It will be led by the company’s President of the Board, Piotr Szczeblewski.
The Group’s revenues amounted to PLN 262 million and increased by 31.5% year to year. EBITDA amounted to PLN 20 million and was 7.5% higher than in the previous year. The net result stood at PLN 11 million, compared to PLN 10.5 million recorded a year earlier.
“The passing year is the time when PROJPRZEM MAKRUM S.A. continued the adopted strategy, demonstrating determination and consistency in achieving its objectives. The Company has been developing a new structure and way of functioning, and has taken steps to prepare for the implementation of investments planned for 2019,” commented Piotr Szczeblewski, President of the Management Board of PROJPRZEM MAKRUM S.A.
The year 2018 brought the Group the largest increase in sales in the industrial construction segment. Its revenues amounted to nearly PLN 100 million, which means a 4-fold increase y/y. The segment’s result amounted to PLN 6 million, compared to the loss in 2017, which means that this recently resumed activity reached profitability. In order to expand its subsidiary Projprzem Budownictwo, a new branch was opened in November and the company already operates from Bydgoszcz, Poznań and Wrocław.
The docking solutions segment contributed nearly half of the Group’s total revenues to the revenues of PROJPRZEM MAKRUM Group, i.e. PLN 125.3 million (+13.5% y/y). Compared to the previous year, the segment’s net result decreased, which is related to investments in international expansion of its products. Thanks to the dynamic worldwide sales of docking solutions, as much as 47% of the Group’s revenue comes from foreign transactions.
“The most profitable business for us today is docking solutions. Their growth should remain dynamic due to, among others, the boom in the logistics market and the development of e-commerce in Poland. We invest in strengthening the PROMStahl brand on the international docking market through dynamic acquisitions in new areas of Europe and the world. We are also more and more recognizable on the Polish market, as evidenced by invitations to participate in tenders announced by the largest operators on the warehouse and logistics facilities market,” President Szczeblewski commented.
The third segment – steel structures – contributed PLN 35.2 million to the Group’s result. This is a projected decrease related to the change in the profile of this segment from service activity to the production of own products. This segment includes sales of innovative MODULO parking systems, which increased revenues by more than 2.5 times to PLN 5.9 million. In 2018, the first large reference projects were completed in this segment, and the new year was opened with a portfolio of orders exceeding one thousand parking spaces.
The development of the Company and the Group has been positively verified by the capital market. The share price of PROJPRZEM MAKRUM S.A. increased by more than 46% in 2018. In addition, in September, the company shared a profit with its shareholders, paying out a dividend of PLN 1.10 per share. This amount, originally set at PLN 1, was increased at the request of one of the participants of the General Meeting.