Date:
2021/02/26
Apator Group with good results in 2020 and favourable perspectives for further business development.
Diversified portfolio, stable business foundation and well-established market position of the Apator Group resulted in effective resistance to pandemic and enabled the Group - despite demanding market conditions - to conduct its activities without any disturbances and – as a result - to achieve increase in sales by 6% y/y (amounting to PLN 934.5 million) and net profit at the level of almost PLN 63 million, which translates into an increase by ca. 14% y/y.
- Record-high sales in the Electricity segment (+18% y/y) thanks to particularly strong sales in Poland (large contract for the Power Market).
- The impact of the pandemic was experienced more strongly in two other segments: after a weaker second half of the year, the Gas segment noted a slight increase in sales (+3% y/y), while sales of the Water and Heat segment were weaker by 7% y/y.
- Very good Q1-4 2020 financial results achieved in challenging market conditions: y/y EBITDA up by 4% (to PLN 130.9 million), net profit of PLN 63 million (+14% y/y), with net margin higher by 0.4pp y/y at 6.7%.
- Dynamic growth of domestic sales (up by 19% y/y), with lower export dynamics due to temporary sales limitations as a result of the pandemic in the main export markets
