Bowim had PLN 150.85 million in net profit, and PLN 228.11 million in EBIT in 2021

Bowim recorded PLN 150.85 million of consolidated net profit attributable to shareholders of the parent company in 2021 compared to PLN 17.08 million of profit a year earlier, the company said in the report.

The operating profit amounted to PLN 228.11 million compared to PLN 28.27 million profit a year earlier. EBITDA profit amounted to PLN 234.53 million compared to PLN 33.92 million a year earlier.

Consolidated sales revenues amounted to PLN 2 258.54 million in 2021 compared to PLN 1 205.73 million a year earlier.

“Despite the visible shortages of raw materials and price increases, but thanks to high purchasing and warehouse flexibility, we managed to increase sales in tonnes by 6.6%, which as a management board we consider a success and confirmation of the correctness of the adopted strategy. The Bowim Group generated PLN 153 million of profit [in total] for 2021, i.e. 774% more than in 2020. It should also be emphasized that for the first time in history we have exceeded the level of PLN 2 billion in sales revenues, generating PLN 2.258 billion in revenues "- we read further.

On a standalone basis, the net profit in 2021 amounted to PLN 143 million, compared to PLN 14.69 million profit a year earlier.

The Bowim Group is one of the main steel distributors on the Polish market, it serves 3.5 thousand. customers from various industries, providing 320 thousand. tons of steel per year. In addition to its core business, i.e. trading in metallurgical products, Bowim produces prefabricated elements for the construction industry. It has modern production plants in Sosnowiec, Płock and Gliwice. The company's shares have been listed on the WSE since 2012. Its consolidated revenues reached PLN 2.26 billion in 2021. 

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