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Lubelski Węgiel
Lubelski Węgiel Bogdanka S.A.

LW Bogdanka S.A. after Q1 2014: increased coal extraction and solid results despite harsh market conditions

Thursday, 2014-05-08

The Lubelski Węgiel BOGDANKA Group, with its Parent being Lubelski Węgiel BOGDANKA S.A. – the most modern and efficient hard coal mine in Poland and domestic leader on the market of power coal producers, showed in the first quarter of 2014 good results, in spite of difficult situation in the market. Revenue amounted to PLN 481.5 million (increase of 11.8%), EBITDA was PLN 174.1 million (increase of 0.9%) and EBIT was nearly PLN 86 million (decrease of 4.2%). The net profit reached PLN 62.6 million (decrease of 10.7%). Although decreased prices of coal affected profitability, the Company’s profitability ratios have remained at a level higher than average in the industry, which is shown for example by EBITDA margin of 36.2% after the first quarter.

The level of commercial coal production in the first quarter of 2014 was in line with the plan and amounted to 2.24 million tonnes, which means that it was higher by 10.2% than a year before and higher by 6.2% than in the fourth quarter of 2013. LW BOGDANKA upholds production assumptions for the entire 2014 at a level of 9.3 to 10 million tonnes.  

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Bogdanka signed an annex with EDF Paliwa

Thursday, 2014-04-03

At the end of March 2014, Lubelski Węgiel Bogdanka S.A. signed an annex to the Long-Term Agreement for the Sale of Power Coal of 19 July 2011, concluded with EDF Paliwa Sp. z o.o. (formerly Energokrak Sp. z o.o.).

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COAL EXTRACTION AT LW BOGDANKA S.A. IN THE FIRST QUARTER OF 2014 REACHES 2.24 MILLION TONNES

Thursday, 2014-04-03

Lubelski Węgiel BOGDANKA S.A., the most advanced and effective hard coal mine in Poland and the leader in the domestic market for power coal producers, extracted 2.24 million tonnes of commercial coal in the first quarter of 2014. This exceeds the result achieved in the same period last year by 10.2% and represents an increase of 6.2% compared to the fourth quarter of 2013.

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BOGDANKA after 2013 – higher extraction and very goog financial results

Thursday, 2014-03-20

The Lubelski Węgiel BOGDANKA Group, with its Parent – Lubelski Węgiel BOGDANKA S.A., the most modern and efficient hard coal mine in Poland and domestic leader on the market of power coal producers, generated very good financial results in 2013. The revenue amounted to PLN 1.9 billion (up by 3.49%), EBITDA amounted to PLN 754.9 million (up by 9.42%), and EBIT – PLN 424.8 (up by 9.14%). Net profit reached the figure of PLN 329.7 million (up by 6.7%).

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2,11 million tonnes of coal in fourth quarter and 8,35 million in the entire 2013 r.

Friday, 2014-01-10

Lubelski Węgiel Bogdanka S.A., the most advanced and effective hard coal mine in Poland and the leader in the domestic market for power coal producers, extracted 2.11 million tonnes of coal in the fourth quarter of 2013. This exceeds the result achieved in the same period last year by 23.4%, and is comparable to the result achieved in the third quarter of 2013 (2.16 million tonnes).Total extraction in 2013 amounted to 8.35 million tonnes, which gives an increase by approx. 7.3% compared to the extraction level achieved in 2012.

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LW BOGDANKA S.A. AFTER THREE QUARTERS OF 2013: COAL EXTRACTION AND RESULTS IN LINE WITH THE PLAN

Thursday, 2013-11-07

The Lubelski Węgiel BOGDANKA Group, with its Parent being Lubelski Węgiel BOGDANKA S.A. – the most modern and efficient hard coal mine in Poland and domestic leader on the market of power coal producers, earned in the third quarter of 2013 the revenue amounting to PLN 539.40 million (increase by 11.05% compared to the third quarter of 2012), the operating profit (EBIT) at a level of PLN 119.40 million and the net profit of PLN 82.70 million. The year-to-date figures after the three quarters are as follows: the revenue of PLN 1.42 billion, the operating profit of PLN 307.56 million and the net profit of PLN 224.73 million.

The gross profit generated in the third quarter of 2013 is the highest quarterly gross profit since the fourth quarter of 2011, which was extremely good for the Company. The gross margin for the third quarter of 2013 equalled 33.55%, which means that it was higher than in the third quarter of 2012 (26.45%), despite unfavourable trends on the market. Such result was possible due to consistently followed costs control policy.

 

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Convening the Extraordinary General Shareholders Meeting

Friday, 2013-10-25

The Management Board of Lubelski Węgiel BOGDANKA S.A. with registered office in Bogdanka, acting on the basis of a demand made by the Company’s Shareholder representing at least 1/20 of the Company’s share capital, Aviva Otwarty Fundusz Emerytalny Aviva BZ WBK S.A., hereby decides to convene Extraordinary General Shareholders Meeting of Lubelski Węgiel BOGDANKA S.A. with registered office in Bogdanka on 22 November 2013 at 1.00 pm, on Warsaw Stock Exchange premises, NewConnect Room 4 Książęca street, Warsaw.

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2.16 million tonnes of coal extracted in the third quarter of 2013

Thursday, 2013-10-03

Lubelski Węgiel BOGDANKA S.A., the most advanced and effective hard coal mine in Poland and the leader in the domestic market for power coal producers, extracted 2.16 million tonnes of coal in the third quarter of 2013. This exceeds the result achieved in the same period last year by 13.9%. Total extraction after three quarters of 2013 amounted to 6.24 million tonnes, which gives an increase by 2.8% compared to the extraction level achieved after three quarters of 2012.

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Very good 2nd quarter, 1H2013 Results

Thursday, 2013-08-29

The Lubelski Węgiel Bogdanka Capital Group, of which the dominant entity is Lubelski Węgiel Bogdanka S.A.-the most modern and efficient hard coal mine in Poland and the national leader in production of thermal coal-generated revenue in the 2nd quarter of 2013 of PLN 448.15m (an increase of 4.41% from 2Q 2012), an operating profit of PLN 100.72m (an increase of 5.96% from 2Q 2012) and a net profit of PLN 72.11m (up 0.34% from 2Q 2012). Through the 1st half of the year, revenue was PLN 878.90m, operating profit PLN 188.16m, and net profit PLN 142.03m.

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Calendar
Today is:
14 of August 2020
Name day of:
Alfreda, Maksymiliana, Selmy
© LW „Bogdanka” S.A. - 2018
Realization: Data Flow sp. z o.o.