Dębica had 42.68 million of net profit, PLN 50.88 of EBIT profit in 2021

The company Oponiarska Dębica recorded PLN 42.68 million in standalone net profit in 2021 compared to PLN 68.39 million profit a year earlier, the company said in the report.

The operating profit amounted to PLN 50.88 million compared to PLN 80.26 million profit a year earlier.

Sales revenues amounted to PLN 2,342.83 million in 2021 compared to PLN 1,815.18 million a year earlier.

“In 2021, we achieved record sales revenues. They were also higher than in 2019, the year before the pandemic. Despite the increase in revenues, our net profit - although still very solid - was lower than the year before. It was influenced, among others, by rising commodity prices and operating costs. Despite the increasing cost pressure, the company's situation is very stable and we consider our results for 2021 to be solid. Although the business environment remains very demanding, we are increasing revenues, generating profit and confidently entered 2022. " - commented the president Leszek Szafran, quoted in the press release.

Sales to related entities in 2021 generated revenues in the amount of PLN 2,078.1 million, compared to PLN 1,636.8 million in the previous year.

“Sales to entities from the Goodyear Group for 2021 accounted for 88.7% of total sales compared to 90.2% in the previous year. Revenues from sales to unrelated entities amounted to PLN 264.7 million and increased by 48.5% y / y, ”the press release reads.

The gross profit margin on sales to related entities in relation to revenues in 2021 was 1.7% compared to 6.5% in 2020. The gross profit margin on sales to unrelated entities in relation to revenues increased from 9.9% in 2020 to 15.6% in 2021, also reported.

Firma Oponiarska Dębica is a Polish manufacturer of tires for passenger cars, vans and trucks. Since 1995, the strategic investor in the company has been the American concern The Goodyear Tire & Rubber Company. 

Source