ES-System improves its margins of profit

opublikowano: 13-11-2008, 19:03

Warsaw (Puls Biznesu) – The producer of  lighting systems is not afraid of the crisis as it hopes to make money in  infrastructure development and modernization projects.

ES-System had a good third quarter. The company’s sales amounted to PLN 46.1m (EUR 12.3m) and were 12.5 percent higher than in the same period of 2007. Operating income jumped 21 percent to PLN 5.76m. The margin grew from 11.6 to 12.49 percent. ES-System had PLN 4.68m of net income, or 18 percent more than in 2007. Boguslaw Pilszczek, ES-System CEO, is sure that the slowdown in the construction sector caused by, among others, tougher access to financing, won’t adversely affect the company.

“We are very well prepared for tougher market situation. We have no debts and we have our own funds plus excellent facilities”, Boguslaw Pilszczek enumerated.

The company hopes to make money in infrastructural contracts as it produces, among others, street lighting systems. It also specializes in energy-saving modernizations while EU countries will soon implement new regulations in this field.

 (PLN 1 = EUR 0.267)

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Podpis: MAG