Mo-Bruk had PLN 114.99 million of net profit, PLN 145.95 million of EBIT profit in 2021

Mo-Bruk recorded PLN 114.99 million of consolidated net profit attributable to shareholders of the parent company in 2021 compared to PLN 78.73 million of profit a year earlier, the company said in the report.

The operating profit amounted to PLN 145.95 million compared to PLN 97.18 million profit a year earlier. EBITDA amounted to PLN 151.3 million (46.7% more y / y).

Consolidated sales revenues reached PLN 267.21 million in 2021 compared to PLN 178.46 million a year earlier.

"Our results are driven by an increase in the volume and market prices of received waste and attractive contracts for the development of 'green bombs' in terms of profitability." We positively assess the changes taking place on the waste market and see them as an opportunity to strengthen our competitive position. The waste management market in Poland is undergoing intensive development, and the outlook is very promising. We assume an increase in revenues in the following periods. We want to grow both organically and through acquisitions. We are conducting talks with several entities. The conclusion of the transaction agreement is realistic in 2022/2023. " - said president Józef Mokrzycki, quoted in the press release.

In 2012, Mo-Bruk moved from NewConnect to the main market of the Warsaw Stock Exchange. Its main business is waste management - solidification of waste, production of alternative fuel and incineration of hazardous and medical waste. Consolidated sales revenues of the company amounted to PLN 267.21 million in 2021.

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