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Lubelski Węgiel
Lubelski Węgiel Bogdanka S.A.

Bogdanka in the first half of 2015: results under strong pressure from complicated market situation, with reduction in costs and capital expenditures

Thursday, 2015-08-20

The Lubelski Węgiel BOGDANKA Capital Group, headed by LW BOGDANKA S.A., the most modern and efficient coal mine in Poland, generated sales revenue in the 1st half of 2015 of PLN 843.6m (10.8% less than in the same period of the previous year). EBITDA was PLN 291.8m, EBIT was PLN 101.3m, and net profit was PLN 75.5m. In the 2nd quarter alone, despite consolidated revenue of PLN 415.3m, 10.5% less year-on-year, the LW Bogdanka Capital Group generated results at the level of EBITDA, EBIT and net profit better than those achieved in 2nd quarter of 2014 and in the 1st quarter of 2015, with EBITDA of PLN 147.4m, EBIT PLN 53.2m, and net profit PLN 42.8m.

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LW Bogdanka S.A. extracts 1.90 million tonnes of coal in the second quarter and upholds the plan to sell 8.5 million tonnes of coal in 2015

Tuesday, 2015-07-07

Lubelski Węgiel BOGDANKA S.A. produced 1.90 million tonnes of commercial coal in the second quarter of 2015, compared to 1.99 million tonnes achieved in the first quarter of 2015, and 2.02 million tonnes in the second quarter of 2014. The level of sales in the second quarter of 2015 totalled 1.88 million tonnes, as compared to 1.95 million tonnes in the first quarter of 2015 and 2.10 million tonnes in the second quarter of 2014. Cumulatively, production of commercial coal in the first half of the year amounted to 3.89 million tonnes, while sales totalled 3.82 million tonnes, as compared to 4.25 million tonnes and 4.33 million tonnes in the same period of 2014, respectively. Lower extraction and sales of coal is connected with continued market difficulties and oversupply of coal on the Polish market.

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Statement by Zbigniew Stopa, CEO of LW Bogdanka S.A. about the dividend

Thursday, 2015-06-11

The situation on the Polish coal market continues to worsen. This is connected with a continuing oversupply of coal and the aggressive price policy of the government-subsidized Kompania Węglowa. A consequence of these factors is the threat of a reduction in the volume of sales to Bogdanka’s customers in 2015 and perhaps over a longer perspective. At this time we estimate our sales capacity for this year at 8.5 million tonnes, which is much less than our production capacity.

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Bogdanka insists that the President of the Office of Competition and Consumer Protection initiated proceedings related to the application of prohibited business practices by Kompania Węglowa

Monday, 2015-06-08

LW BOGDANKA S.A. moved to the President of the Office of Competition and Consumer Protection for the initiation of proceedings related to the Kompania Węglowa S.A.’s application of prohibited business practices limiting competition.

In the opinion of the Company, the activity of Kompania Węglowa S.A., involving the sale of coal below costs of extraction, violates the regulations related to competition protection, as well as can be qualified as acts of unfair competition.

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LW Bogdanka Publishes Integrated Report for 2014

Tuesday, 2015-06-02

In the end of May 2015, at the WallStreet Conference in w Karpacz, LW Bogdanka S.A. presented its Integrated Report for 2014, the first one developed as a marketing document.

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Bogdanka after Q1 2015: results affected by market situation, cost optimisation and investment programme underway

Thursday, 2015-04-30

The Lubelski Węgiel BOGDANKA Group, with its parent  company, Lubelski Węgiel BOGDANKA S.A., recorded a Q1 2015 revenue figure of PLN 428.3 million (down by 11.1% compared to the same period of last year). EBITDA amounted to PLN 144.4 million, EBIT reached PLN 48.2 million and net profit was PLN 32.7 million. The results, while making the Company stand out positively in its industry, are lower than the figures for the same period of last year, which is a result of revising the Company’s production plans to reflect the present coal selling situation on the market.

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Bogdanka after first quarter of 2015

Friday, 2015-04-10

The achieved extraction is in line with this year’s customer delivery schedule.The Company upholds the plan to sell 9.3-9.5 million tonnes of coal in 2015.

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LW Bogdanka Gruop after FY 2014: implementation of strategic objectives and solid results despite difficult market conditions

Thursday, 2015-03-12

The Lubelski Węgiel BOGDANKA Group whose parent is LW BOGDANKA S.A. despite challenging market conditions, achieved solid financial results in 2014. Sales revenue during this period exceeded PLN 2 billion, which was higher by 6.0% than the results achieved in the same period a year earlier. EBITDA amounted to nearly PLN 750 million, EBIT reached PLN 362.3 million, and net profit PLN 272.4 million. In the fourth quarter of 2014 alone, the revenue exceeded PLN 523 million, EBITDA amounted to PLN 247.5 million, EBIT - PLN 135.7 million, and net profit reached PLN 101.6 million. The Company continues efforts to further increase the efficiency — as a result the unit cash extraction cost fell by 12%, in real terms, in relation to 2012.

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Record - breaking coal extraction at Bogdanka in the fourth quarter of 2014

Thursday, 2015-01-08

The high production in the fourth quarter was related to, among other factors, the September launch of the new Mechanical Coal Processing Plant, which enabled the Company to double in the past quarter the nominal capacity of the Company with respect to processing on the “wet” line – it amounts currently to 2,400 tonnes/h.

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Bogdanka included in the new Respect Index

Friday, 2014-12-19

Warsaw Stock Exchange has announced the new composition of the responsible companies index – RESPECT Index. The new index includes 24 public companies. Lubelski Węgiel Bogdanka S.A. was included in the index for the seventh time.

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Today is:
26 of May 2020
Name day of:
Eweliny, Jana, Pawła
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