PROJPRZEM MAKRUM S.A. summarized the first half of this year. Among the segments of the Group’s operations, the most promising segment of docking systems has maintained best growth dynamics.
The consolidated revenues of the PROJPRZEM MAKRUM Group in the first half of 2019 amounted to PLN 102.3 million, a 20% decrease compared to 1H2018. Operating profit was PLN 1.6 million and net profit PLN 0.9 million. The Group’s EBITDA was PLN 3.5 million. The decrease in the growth dynamics is mainly caused by the stabilization of industrial construction activity, which was responsible for the surge in the Group’s results in previous periods.
“Despite the worse results of the first half of the year, we improved the results of the second quarter compared to the first. The company should also keep improving in the following quarters, and the second half of the year will have better results due to the contracts already signed. The current results were reflected in the cyclical nature of implementation, particularly evident in the area of industrial construction” – said Piotr Szczeblewski, President of the Management Board of PROJPRZEM MAKRUM S.A.
The report presents three main operating segments of the Group. Reloading systems, i.e. the segment perceived as the most promising due to the boom in the e-commerce market and the development of distribution centers, recorded revenues of PLN 67.4 million, which means a 13% increase compared to the same period of the previous year. In the described period, this segment had over 2/3 share in revenues of PROJPRZEM MAKRUM.
“Almost 90% of the transhipment segment’s revenue comes from foreign sales. We managed to break into the top world producers of systems. Opinion-forming reports mention the PROMStahl brand alongside major players such as Assa Abloy and Hormann. These studies indicate that the value of the global transhipment market will grow dynamically, and we want to grow together with the market” – says Piotr Szczeblewski.
The industrial construction segment generated revenues of PLN 22.9 million. This is almost half decrease compared to the first half of 2018. The company explains this situation by contracting structure.
“We will not repeat the result of 2018 in industrial construction. It was record-breaking because it covered the settlement of high-margin contracts. The first half of this year was a time of negotiation and commencement of new contracts, the revenues of which will be booked in the second half of the year” – added Szczeblewski.
The machinery and steel construction segment is currently adopting an engineering business model in line with strategic assumptions, focusing on selling its own products for the mining and processing industry, with limited service activities on someone else’s documentation. It includes two main product groups – crushing&grinding machines, which sales have fallen as expected, and automatic parking systems, which recorded a 5% increase compared to 1H2018.
The most important events in the company in the first six months of the year included the decision to pay dividends for the second year in a row. The company will share its profit with shareholders in September, in the amount of PLN 0.60 per share.