ML System had PLN 1.75 million of net profit, and PLN 24.4 million of EBITDA in 2021

ML System recorded PLN 1.75 million of consolidated net profit in 2021 compared to PLN 10.18 million profit a year earlier, the company said in the report.
"The consolidated net profit of the company in 2021 amounted to PLN 1.7 million compared to PLN 10.2 million in 2020. The result was largely influenced by increased depreciation costs resulting from both dynamically implemented development investments, as well as accelerated depreciation settled in strategic projects B + R "- we read in the announcement on the results.

The operating profit amounted to PLN 4.41 million compared to PLN 11.54 million profit a year earlier. In the analyzed period, the EBITDA result amounted to PLN 24.4 million, ie 10% more year on year.

Consolidated sales revenues reached PLN 188.81 million in 2021 compared to PLN 127.27 million a year earlier.

“We are carrying out the first orders for QGlass glass panes. We do not stop at investments - we are continuing the 2D Glass project, which will end this year. We will consistently increase production capacity as part of the 'new quantum era' to enter in 2024 with a glazing capacity of 20 thousand. m2. monthly. We believe that this is a conservative value compared to market needs. We have a plan to diversify and increase our production capacity in cooperation with partners, ”said President Dawid Cycoń, quoted in the press release.

ML System is a specialized technology company offering innovative photovoltaic solutions integrated with the construction industry (BIPV). ML System products are an alternative to traditional building materials. The company has been listed on the WSE main market since 2018.

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