Trans Polonia had PLN 27.39 million in net profit, and 11.9 million EBITDA in 2021

Trans Polonia recorded PLN 27.39 million of consolidated net profit attributable to shareholders of the parent company in 2021 compared to PLN 14.3 million of profit a year earlier, the company said in the report.

The operating profit amounted to PLN 1.55 million versus PLN 3.93 million profit a year earlier.

Consolidated sales revenues reached PLN 120.27 million in 2021 compared to PLN 100.05 million a year earlier.

“We are satisfied with the results Trans Polonia achieved last year. The ongoing optimization of the conducted activity, effective implementation of new activities, high operational efficiency and cost effectiveness positively influenced the company's sales results. The group's sales revenues in 2021 amounted to PLN 120 million, which means an increase by 20.2% compared to the previous year. The liquid chemicals segment continued to grow (+ 28.4% y / y), which meant that for another year in a row we recorded a record-breaking, so far highest sales revenue in this area. We are also pleased with the sustained growth in the food transport segment (+ 18.8% y / y). On the other hand, on the domestic transport market, the Group is successfully developing the LPG transport segment (a new contract for one of the petrol station networks) and cement transport (+ 10.8% y / y). The situation in the bituminous segment reflects the difficult market conditions resulting from the slower pace of infrastructure investments (-19.5% y / y). In terms of results, in 2021 Trans Polonia generated PLN 11.9 million in EBITDA. The net profit of the Trans Polonia Group was at the level of PLN 27.3 million, which is the highest reading since the start of the company's operations in 2004, ”wrote President Dariusz Cegielski in the letter attached to the report.

He reminded that last year brought significant changes to the group's structure. In March 2021, a disposing agreement was concluded for the sale of 100% of OTP shares to PKN Orlen.

On a standalone basis, the net profit in 2021 amounted to PLN 1.73 million compared to PLN 2.37 million profit a year earlier.

Trans Polonia is a transport and logistics operator, offering tanker transport of fuels, liquid chemical and food raw materials as well as bituminous masses. The company is present in over a dozen European countries, has its representative offices in France, the Netherlands, Spain and Germany. The company has been listed on the WSE since 2010. In 2021, it had PLN 120 million of consolidated revenues.

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