Ursus counting on growth in revenues in 2015., Help a big contract … – Virtual Poland

Warsaw, 18/05/2015 (ISBnews) – After a record in terms of revenue and very successful in terms of net profit (an increase of 114% y / y), the first quarter of Ursus counting on further growth in the coming quarters and higher y / y revenue throughout 2015., but makes them dependent on obtaining a significant contract for the overseas market, said agency president Charles Zarajczyk ISBnews.

“We look forward to further growth, but it will depend on the implementation of the second phase of the contract in Ethiopia and to gain another big contract for one of the foreign markets. We hope that in the third-fourth quarter. This works. We are strengthening our position in Africa which is a key market for us, with great potential market. We are constantly working well over Asia, Africa and South America, “- he said in an interview with Zarajczyk ISBnews.

He added that if foreign markets are considered different scenarios: both direct sales and assembly of tractors on site, as recently in Ethiopia.

On the domestic market, the company increased in the first quarter. Sales by 24% y / y, while the number of registered vehicles by 30%.

“intensively working to increase domestic market share, which is very competitive. I remember that the goal is 5-8% share in it, depending on the market situation. Now we have approx. 3.5% share “- also said Zarajczyk.

Ursus is also preparing to tender, which will offer its electric buses Ekovolt.

“We are interested in all of Europe. The product is ready, now is being tested by the city of Lublin. We get to know the market and will compete in tenders. In the EU by 2020. Booked a large vehicle replacement measures on ecological, tenders would start soon “- said the President.

first quarter. Group net profit doubled to 4.5 million zł zł compared with 2.1 million in the same period of 2014. Consolidated group revenues in the first quarter. 2015 years amounted to 79.4 million zł, ie. Increased by 141% y / y.

In 2014. Consolidated sales revenues reached 236.2 million zł to 168.04 million zł year earlier.

Ursus specializes in the manufacture and sale of machinery and equipment intended for agriculture. In 2011, the. Company Ursus has joined forces with other domestic manufacturer of machines for agriculture – a company Pol-Mot Warfama. The company’s management decided to move production of tractors to Lublin and to extend the range of products manufactured products.

Thomas Chaberko

(ISBnews)