The Lubelski Węgiel BOGDANKA Group in which LW BOGDANKA S.A., the most modern and efficient hard coal mine in Poland, is the parent, has published Integrated Report for 2015.
This is the third report prepared by LW Bogdanka in accordance with the Global Reporting Initiative (GRI) guidelines, and the second integrated report combining both financial and non-financial aspects of the Group’s business.
In Q1 2016, Lubelski Węgiel Bogdanka Group generated sales revenue on the level of almost PLN 420.6 mln, which were by 1.8 per cent lower than in the same period of the previous year. At the same time, the other key financial results improved: EBIT amounted to PLN 78.9 mln (growth by 63.8 per cent yoy), EBITDA PLN 173.3 mln (growth by 20.0 per cent yoy) and net result PLN 54.4 mln (growth by 66.6 per cent).
Lubelski Węgiel BOGDANKA S.A., the most advanced and efficient hard coal mine in Poland, produced 2.55 million tonnes of commercial coal in the fourth quarter of 2015, which is comparable to the level achieved in the fourth quarter of 2014 (2.56 million tonnes), which was a record-breaking year in this respect in the Company’s history. The extraction achieved in the fourth quarter of 2015 is in line with this year’s production schedule and much higher than in the previous quarters of 2015.
LW Bogdanka S.A. in the 3rd quarter of 2015: EBITDA margin maintained at 34.4% despite difficult and unstable market situation
The Lubelski Węgiel BOGDANKA Capital Group, headed by LW BOGDANKA S.A., the most modern and efficient coal mine in Poland, generated sales revenue in the 3rd quarter of 2015 of PLN 483.4m. EBITDA for the period was PLN 166.3m, EBIT PLN 73.2m, and net profit more than PLN 56.6m. Despite a difficult market situation and continued downward pressure on coal prices, the company continued to achieve margins above the average for the industry, as exemplified by the EBITDA margin in the 3rd quarter of 2015 of 34.4%.
The results achieved in the 3rd quarter are decidedly improved from the previous quarters of this year. Sales revenue was 16.4% higher than in the 2nd quarter of this year and 12.9% higher than in the 1st quarter. EBITDA rose by 12.9% and 15.2% respectively, and net profit in the 3rd quarter of 2015 was 32.3% higher than in the prior three months and 73.3% higher than in the 1st quarter of 2015.
LW Bogdanka S.A. extracts 2.04 million tonnes of coal in the third quarter and upholds the plan to sell 8.5 million tonnes of coal in 2015
Lubelski Węgiel BOGDANKA S.A., the most advanced and efficient hard coal mine in Poland, produced 2.04 million tonnes of commercial coal in the third quarter of 2015, compared to 2.38 million tonnes achieved in the third quarter of 2014. The level of sales in the third quarter of 2015 totalled 2.19 million tonnes, compared to 2.50 million tonnes in the third quarter of 2014. Cumulatively, production of commercial coal in the first nine months of this year amounted to 5.93 million tonnes, while sales totalled 6.01 million tonnes, compared to 6.63 million tonnes and 6.80 million tonnes in the same period of 2014, respectively. Sale and production levels achieved in the third quarter 2015 were higher than those achieved in the second quarter this year, when the level of production was 1.90 million tonnes and sales amounted to 1.88 million tonnes.