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Date: 2023/11/15

Apator Group published good results for Q3 2023

After three quarters of 2023, the Apator Group significantly increases sales and improves profitability in its two largest units – Electricity and Water & Heat. The Group expands its existing portfolio of metering solutions, switchgear and control equipment, as well as systems supporting the work of energy services. At the same time, it is active in the field of research and development, reaching out to clients with new technological solutions necessary for automation, network balancing and adaptation of dynamically growing RES sources in the electric power system.

Revenues of Apator Group in Q1–3 2023 were higher by ca. 10% y/y and reached PLN 852.8 m, thanks to very good results in the Electricity and Water & Heat units, with lower y/y turnover in Gas. Domestic sales accounted for approximately 54% of the Group's turnover, while the main export destinations were still EU countries (with a dominant share of the German, Czech, Romanian, Belgian, Spanish and Dutch markets) and the United Kingdom. Consolidated EBITDA was PLN 90.4 m, while the net result adjusted for tax asset write-down (made in Q2 2023) was PLN 28.2 m.

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