A look at “PUŁAWY” in 2012

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Undoubtedly, 2012 was a record-breaking year for our company in many respects, particularly if the financial situation of the enterprise is taken into consideration. Another field in which the results were excellent is the investment activity, which aims at improving the productivity of the installations and at making the company more competitive on global markets.

The financial condition of our company

It ought to be mentioned here that the financial year in “PUŁAWY” starts on the 1st of July and ends on the 30th of June the following year. In the financial year July 2011 – June 2012 “PUŁAWY” had the best financial and economic results in the company history.

The profit in 2011/2012 was 595.6 million PLN, with turnover reaching 3662.1 million PLN. In the whole “PUŁAWY” group the profit was 600.5 million PLN and turnover – 3948.3 million PLN. Even more impressive is the efficiency of the enterprise, whose main indicators have been presented in the table below and compared with the results of other companies from the chemical sector:

I-VI 2012 26th of September 2012

ROS

ROA

ROE

EBITDA

P/BV

Agrium

8,9%

10,7%

24,3%

16,6%

2,52

Bayer

6,8%

5,6%

13,8%

18,8%

2,90

BASF

7,0%

8,9%

23,6%

15,8%

2,42

AkzoNobel

2,2%

3,0%

4,3%

10,1%

1,05

PUŁAWY

16,2%

18,2%

23,6%

20,3%

0,95

Challenges for the financial market/fot. freepik.comExcellent EVA

In 2012 the company stock was very popular with the shareholders, who were offered a highly attractive return on investment rate. EVA (Economic Value Added) estimate more than quadrupled in comparison with the previous year! Few investments brought such ROI rate in 2012. It was demonstrated that “PUŁAWY” know how to turn the budget collected for investment purposes into a market asset for the company.

Interest in “PUŁAWY” stock

Owing to great financial results in 2012, “PUŁAWY” generated plenty of interest from investors on the stock market. Firstly, Synthos announced a call for the sale of “PUŁAWY” shares. Next company to do the same was Tarnów Group, which was at the same time protecting itself from a call issued by ACRON.

Intellectual capital in the PULAWY Group/fot. freepik.com“TARNÓW” and “PUŁAWY” Groups consolidation project is a great challenge, a huge opportunity, but at the same time an extremely difficult process. During the consolidation, parties need to be treated as partners, each Group being a leading player in the Polish chemical-fertilizers sector as well as starting point of the integration in the sector.

The difficulty lies in working out a model of management, decision-making and organizational processes which will preserve the necessary degree of independence of each company, but will also produce synergistic effects in the joint enterprise, so that assets of the whole new Group expand. This is our main task in 2013.