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Lubelski Węgiel
Lubelski Węgiel Bogdanka S.A.

LW BOGDANKA S.A. after Q4 2015 and the whole 2015

Tuesday, 2016-03-22

LW Bogdanka generated in 2015 revenue on sale at a level of almost PLN 1,885 million and EBITDA result of PLN 686 million. This means that despite challenging market situation and results being under the pressure of coal price drops, the Company’s profitability ratio, EBITDA, which last year was 36%, remain at a level higher than the average recorded in the industry. The results generated in 2015 were charged with impairment loss of assets in the amount of PLN -625 million. The impairment charge did not affect the current operating activities of the Company or its liquidity. LW Bogdanka’s net result for 2015, without the impairment charge, was PLN 226 million. Bogdanka performed the commercial coal production plan at a level of approx. 8.5 million tonnes and sales at a level of approx. 8.6 million tonnes.

 

Bearing in mind a very difficult market situation, oversupply of thermal coal and dropping prices, the results - without the impairment loss - should be assessed as good. They were possible to achieve primarily due to consistent pursuance of a plan adjusting the Company’s operations to its selling capacities. The plan included further cost reduction as well as optimisation of capital expenditure and workforce. We confirmed and strengthened our position as a coal mine which is the most efficient and best responding to market conditions, said Zbigniew Stopa, President of the Management Board of LW BOGDANKA S.A.

 

We invite you to take a look at presentation of the LW Bogdanka Group showing key operating, financial and market data, available on the investor relations website.

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© LW „Bogdanka” S.A. - 2022
Realization: Data Flow sp. z o.o.