IZOBLOK S A : summarises Q1 2022/2023

In the 3-month period of the 2022/2023 financial year, the IZOBLOK Group generated operating revenues of PLN 50,282 thousand, 42% more than in the corresponding period of the previous fiscal year, incurred an operating loss of PLN 3,013 thousand, while EBITDA in the reported period amounted to PLN 356 thousand.

"In the reported period, IZOBLOK was severely affected by the aftermath of the COVID 19 pandemic and the war in Ukraine, i.e. the turbulence in supply chains, the increase in prices of components, energy carriers and changes in the legal and tax environment. The unprecedented increase in gas and electricity prices is the biggest challenge for the IZOBLOK Group, which executes long-term contracts for the automotive industry. In order to limit the negative effects of the energy crisis, we have taken a number of decisive measures that should mitigate the impact of energy price increases on the company's results in future periods," says
Przemysław Skrzydlak, President of IZOBLOK SA.