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Lubelski Węgiel
Lubelski Węgiel Bogdanka S.A.

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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Bogdanka’s position regarding the K-6-7 area

Friday, 2014-11-14

Further to the decision of the Ministry of Environment delivered on 12 November 2014 to maintain the challenged decision of 5 September 2014 on refusal to grant a licence for extraction of hard coal in the “Lublin Coal Basin deposit — areas K-6 and K-7”, Lubelski Węgiel BOGDANKA S.A. hereby informs you that it will immediately file an appeal against this decision with the Provincial Administrative Court in Warsaw.

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Bogdanka after three quarters of 2014

Thursday, 2014-11-06

Despite challenging market situation and results being under the pressure of coal price drops, the Company’s profitability ratios remain at a level higher than average, which may be illustrated with EBITDA margin amounting in the third quarter of 2014 to 36.4%.

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Calendar
Today is:
18 of November 2019
Name day of:
Klaudyny, Romana, Tomasza
© LW „Bogdanka” S.A. - 2018
Realization: Data Flow sp. z o.o.