FINANCIAL RESULTS
Qumak-Sekom SA has achieved good financial results for several last years. As a result of consequent realization of the Company’s strategy, including low-margin contracts elimination in the sales structure, in years 2003-2008 Qumak-Sekom recorded the consequent of income growth. In accordance with plan the Company’s has corrected every profitability rates very significantly.
The company dynamically increases the EBITDA level, operating profit, gross profit and net profit. On attention deserves very high profitability of the equity, that in 2008 was equal 20,00%.
The Company has safe financing structure. Qumak-Sekom’s S.A. debt ratios form on very low, what is the effect of very low company’s indebtedness. The security of business activity is confirmed by high equity to assets ratio, while EBITDA value significantly exceeds the interests.
| Selected financial results (in PLN thds) | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
| Revenues | 293 448 | 253 741 | 208 848 | 163 199 | 114 112 | 113 471 | 104 073 |
| EBITDA | 18 382 | 19 666 | 11 911 | 7477 | 5657 | 4074 | 3608 |
| Operating profit | 16 101 | 17 322 | 10 081 | 5823 | 4196 | 2709 | 2236 |
| Net profit | 14 310 | 14 122 | 8391 | 4732 | 3176 | 2422 | 1927 |
Number of shares
(at the end of year) | 10 375 082 | 10 375 082 | 10 125 082 | 9 875 082 | 7 050 082 | 6 884 435 | 6 884 435 |
| Selected profitability ratios (in %) | | | | | | | |
| EBITDA profitability | 6.26 | 7.80 | 5.70 | 4.60 | 5.00 | 3.60 | 3.50 |
| Operating profit profitability | 5.5 | 6.8 | 4.8 | 3.6 | 3.7 | 2.4 | 2.1 |
| Net profitability | 4.9 | 5.6 | 4.0 | 2.9 | 2.8 | 2.1 | 1.9 |
| Equity profitability ROE | 18.2 | 20.8 | 15.0 | 10.0 | 13.8 | 12.3 | 11.1 |
| Assets profitability ROA | 9.8 | 9.8 | 8.1 | 6.0 | 6.3 | 5.2 | 3.9 |
| Selected financial structure ratios | | | | | | | |
| Total indebtedness ratio | 0.41 | 0.49 | 0.44 | 0.40 | 0.54 | 0.57 | 0.65 |
| Equity to assets ratio | 6.05 | 5.04 | 6.22 | 7.50 | 4.59 | 3.87 | 2.34 |
