Newag had an estimated net profit of PLN 85.7 million, and EBITDA of PLN 157 million in 2021

Newag generated PLN 85.7 million of consolidated net profit (i.e. PLN 133.2 million less than in 2020) and PLN 157 million of EBITDA in 2021 (compared to PLN 291.8 million in 2020), company, presenting estimated data.

"The group's revenues from the sale of products, goods and materials amounted to PLN 917.6 million and were lower by PLN 402.5 million (-30.5%) compared to 2020. The gross margin on sales in terms of value amounted to PLN 192.5 million PLN and was lower by PLN 179.3 million (-48.2%) compared to 2020. In percentage terms, this margin decreased by 7.2 percentage points: from 28.2% in 2020 to 21% in 2021 "- we read in the release.

In 2021, the company generated a net profit of PLN 33.6 million, which is 135.6 million less than in 2020. At the same time, EBITDA was PLN 95.1 million compared to PLN 233.6 million for 2020, the report also said.

The Company stipulates that the preliminary financial results may change, although any possible changes should not be of a material nature. The final results will be published on April 27 this year.

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 1.32 billion in 2020.

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