Double-digit growth in revenue and gross sales profit, as well as a leaping improvement in operating and net income – these are APS Energia’s achievements in 2021. The Group wants to continue its growth in the coming years, seeing potential in the traction and transportation, energy storage or nuclear power sectors, among others.

Last year, the Group’s revenues increased by 33 percent year-on-year to PLN 113.3 million. The largest increase was in the power systems segment (up PLN 22 million). Higher sales resulted in a dynamic improvement in gross profit on sales, which increased by as much as 89 percent to nearly PLN 35 million. EBITDA approached PLN 14.2 million compared to PLN 0.7 million in 2020, and EBIT reached PLN 11 million compared to the PLN 2.6 million loss recorded a year earlier. Net profit amounted to PLN 9.3 million (-£5.4 million net loss in 2020). At the same time, the fourth quarter of 2021 turned out to be record-breaking in terms of results, with PLN 56.9 million in revenue and PLN 12.6 million in net profit.

– Certainly, of great importance in 2021 was the unblocking of a number of investments and previously halted equipment shipments, which could not reach the end customer due to difficulties related to the prevailing Covid-19 outbreak. The Group sees potential for continued strong growth, but we must face new challenges in 2022. The achieved EBITDA result of PLN 14.2 million is a success and we intend to continue it in the coming quarters. Despite difficulties with supply chains or employee absenteeism due to the prevailing pandemic, the net profit of PLN 9.3 million was possible thanks to consistent performance in the Group’s key sectors and geographies,” emphasized Piotr Szewczyk, CEO of APS Energia.

Since the beginning of 2022, the Group has been implementing a new strategy developed for the coming years – until 2026. It assumes diversification of revenues by key sectors such as energy storage, traction and transportation or nuclear power, using the position built in these markets. One of the main goals is to grow and achieve revenues of more than 500 million zlotys in 2026, giving an average annual growth rate of 35%.

– The new strategy, announced in December 2021, has forced the Group to set ambitious new goals, which include such key aspects as, improving profitability, increasing sales in the traction and transportation, energy storage and RES and nuclear sectors, implementing new product development projects by the R&D department and investments crucial to the Group’s growth. The pandemic and acceleration of the country’s energy transition have influenced us to take far-reaching steps to diversify the Group’s business with current and new sectors. We intend to strengthen our position in the traction and transportation sectors. We see great prospects for the energy storage sector and its development in the coming years. We intend to use our strengths, competence and experience to enable the synergies of this field in many industries. The development of the country’s nuclear power industry cannot take place without the participation of Polish companies that have experience in this area, so we intend to take advantage of our high competence,” points out Piotr Szewczyk.