06.05.2019 | The Lubawa Group increased sales and results

In 2018, the Group recorded PLN 239.6 million revenue (+ 4% yoy) and PLN 6.6 million net profit (+ 183% yoy). 

The increase in consolidated results was mainly due to higher sales in the specialist equipment segment for uniformed services and Lubawa SA operating in this area. Revenues from the sales outside the Group amounted to PLN 53.1 million, showing an increase of 41% and translating into a profit of PLN 5 million segment (against PLN -2.9 million loss in 2017).
- According to our expectations, in the fourth quarter of 2018 Lubawa received a number of orders, among others for overalls and tents for the Polish army, which positively contributed to the annual result of the Group and translated into the recorded increase. This year we are also actively participating in tenders for uniformed services, the accumulation of which should take place in the second half of the year. However, this is an unpredictable industry and it is currently difficult to assess whether we can match the results of 2018 - commented Marcin Kubica, President of Lubawa SA.

Click to read more