Newag had PLN 86.1 million in net profit, and PLN 157 million in EBITDA in 2021

Newag recorded PLN 86.1 million of consolidated net profit attributable to shareholders of the parent company in 2021 compared to PLN 218.66 million of profit a year earlier, the company said in the report.

The operating profit amounted to PLN 113.29 million compared to PLN 254.31 million profit a year earlier. At the same time, EBITDA amounted to PLN 157 million compared to PLN 291.8 million for 2020.

Consolidated sales revenues reached PLN 917.55 million in 2021 compared to PLN 1,320.09 million a year earlier.

“Despite the need to operate for another year in a row in a pandemic, the group's revenues in 2021 reached PLN 917.5 million, we generated a net profit [in total] of PLN 85.7 million, and EBITDA reached PLN 157 million. The year 2021 did not bring the long-awaited decisions regarding European funds under the Partnership Agreement for 2021-2027 and the so-called Of the National Reconstruction Plan. At the moment when the ambitious programs for the purchase of new rolling stock are beginning to be implemented in most European countries, in Poland in 2021 only one procedure for the supply of new multiple units was resolved. Despite such a difficult market, we concluded contracts worth PLN 586 million, ”wrote President Zbigniew Konieczek in a letter attached to the annual report.

On a standalone basis, the net profit in 2021 amounted to PLN 33.58 million, compared to PLN 169.14 million of profit a year earlier.

The Newag capital group deals with the production, modernization and repair of rolling stock and rails. Newag made its debut on the Warsaw Stock Exchange in 2013. Consolidated sales revenues reached PLN 917.55 million in 2021. 

Source