Grąbkowo, 26 August 2010
We have won another game – the results confirm PKM DUDA's good run
Consistent implementation of the DUDA 2012 restructuring programme has been bringing expected
effects – results recorded in the first half of 2010 are very good. The company's record high EBIDTA
was PLN 48.9 M, i.e. 62 percent more than in the corresponding period in 2009. The net profit reached
PLN 17.7 M in comparison with last year's loss which exceeded PLN 84 M.
Despite lower revenues, thanks to efficient management and cost reduction, the company's results were noticeably
better. The main reason behind lower revenues was lower sale prices of half-carcasses and meat, accompanied by a
decline in demand in distribution channels. PKM DUDA, however, managed to achieve a higher cost efficiency, thus
increasing (by nearly 168%) its operating profit which reached PLN 31.6 M – with revenues amounting to PLN 672 M,
i.e. 19% lower than in the first half of 2009.
”The first half of 2010 was a period of hard work. We convinced the Supervisory Board to accept new strategic developments and
we encouraged the market and investors to buy our shares. As a result, we gained more than PLN 90 M from the issue of shares.”says Maciej Duda, President of the Management Board at PKM DUDA.
The first half of 2010 confirmed the strong market position of the PKM Duda Group. The company has been fulfilling
newly acquired export contracts. The share of deliveries of raw material produced in the company's own farms to the
Grąbkowo plant has been growing steadily as well. As for the distribution segment, the programme of integration
within the Makton Group has been continuing and sales to the HORECO market have been expanded. The
establishment of the Central Purchasing Office has brought expected savings, which substantially lowers the Group's
operation costs.
”I hope that our shareholders will be satisfied with results attained in the first half of 2010. As promised, we have been
persistently implementing the company restructuring programme which has already brought a number of favourable outcomes.
By the end of this year, the company is expected to surpass the assumed savings level”, adds Maciej Duda, President of
the Management Board at PKM DUDA.
Additional information is available from:
Daniel Ratajczak
Marketing Department Manager
mobile: +48 693 938 331
e-mail: [email protected]