In the first quarter of 2015, NEWAG Group posted a 92.4% increase in net profit and a 52.5% increase in sales revenue as compared with the same period last year.
The Group’s net profit amounted to PLN 7.6 million and is 92.4% higher than last year (PLN 3.9 million in Q1 of 2014). As compared with the corresponding period last year, the sales revenue figure increased by PLN 70.5 million (i.e., by 52.5%) and amounted to PLN 204.9 million (PLN 134.4 million in Q1 of 2014).
The sector of manufacturing of electric multiple units had the biggest impact on the Group’s performance.
The net profit of NEWAG S.A. amounted to PLN 4.3 million with the sales revenue figure reaching PLN 203.4 million (PLN 100.6 million in Q1 in 2014). It is significantly higher than the net profit posted by the Company in Q1 of 2014, which was PLN 235 thousand.
Atypical and one-time factors did not have a significant impact on the financial results achieved in Q1 of 2015.
When considering the value of total debts (liabilities and reserves), a decrease to the level of PLN 595.7 million, i.e., by PLN 54.5 million. The figure of the long– and short-term debts was lower by PLN 134.9 million. Leasing fees (long-and short-term) increased by PLN 31.8 million.
The Group has consistently expanded its order portfolio. In Q1 of 2015, the Group signed contracts for services comprising manufacturing, modernisation and repairs of rolling stock of the total value amounting to PLN 204.32 million.