Mark, who several years ago was synonymous with the Polish countryside, now slowly rises from his knees after a disastrous beginning of the adventure of political transformation. Ursus, because of the question, revived thanks to the contract in faraway Ethiopia, now slowly rebuild its position in Poland.
After a record 2014 years Ursus continues the good run. At the weekend, the company presented a very good report for the first quarter of 2015 years. The company finances, plans and African electric buses, in an interview with Bankier.pl says Charles Zarajczyk, CEO of Ursus SA.
Adam Torchała, Bankier.pl: Ursus reported results for the
the first quarter. Are you happy with them?
Charles Zarajczyk, CEO of Ursus SA: I’m happy. We showed strong revenue
and we improved year on year EBITDA and net profit. We are constantly increasing
share of the domestic market. In Poland alone, revenues increased by 24%, new
registration is, in turn, year over year 30% more. Importantly, these results
We achieved by declines in the industry, which means that we increased our participation
the market at the expense of competition.
In addition, the decision to diversify operations on foreign markets
and the extension of the offer turned out to be right and allowed us to achieve
satisfactory results in 2014, which was a challenge for the industry. We continue to
supplies for the African market, which still drive our revenues and profits. We have
So the reasons for satisfaction and motivation to continue to implement the strategy.
Before
Mr. publication of the results announced that the second quarter will probably be
better than the first. There is a chance of beating a record 104 million zł from the fourth quarter of 2014 years?
Currently, we are in the middle of the quarter and trying to get as
Best: we deliver the highest tranche in the first half of the contract
Ethiopian, finishing supplies trolleybuses to Lublin and constantly increasing
sales on the domestic market. Therefore, there is evidence to show
revenues higher than in the first quarter of 2015 years.
In April, the company’s account hit the next big tranche of
Ethiopian title of the contract. Currently, we are waiting for influence after the last shipment in
The first phase of the contract.
A profit? In last
Ursus quarter moved away somewhat from the great profitability presented in
said final quarter of 2014. Is there a chance to return to the
profitability in the second quarter of 2015?
It all depends on the dollar. Yields fell today,
as the dollar strengthened. Keep in mind that our major contract
We realized in dollars and on the profitability influenced by the situation on the currency market.
recently under
Ursus wings opened an assembly plant in Ethiopia. It should be regarded as
bridgehead for further expansion in Africa?
This is part of the Ethiopian contract. The owner of assembly
METEC is a company with whom we signed a contract, and tractors supplied in
Under this contract are mounted precisely in this assembly. We, for its part,
we provided equipment, conducted training and supervise the
line. Montownia thus enables knowledge transfer and Polish builders
engineers to African partners.
At what stage they are
conversations with potential new customers from Africa?
Conversations ongoing. We see a willingness to cooperate on the part of
potential customers. The negotiations also involve governmental entities, as
Polish enterprises and their African partners are supported under
GO Africa government program. .To Sign a contract, we need the support of the Ministry
Economy, Ministry of Finance, the Ministry of Foreign Affairs and
PAIiIZ-in. It is very important to the success
African projects, and on procedures and formalities will take time.
In addition to the machines
agriculture there was much talk in recent weeks about the bus
electric Ursus. You have received approval, collaborate with Lublin
MPK and the local University. When the product leaves the Lublin and starts to ride around
the streets of other cities?
It all depends on tenders that will appear within the
the new EU perspective. We keep our finger on the pulse watching the events do not
only in the country but also outside Polish. We have approval, the bus is still
tested on the streets of Lublin, was established as a company Ursus Bus, which
we have created together with our partner – AMZ Kutno. We are prepared to
execution of contracts for the cities as soon written out tenders.
How strong foot in the
eg perspective. 5 years are to be for Ursus electric buses?
We are constantly working on diversification of our offer. In
Due to the necessity of reducing CO2 emissions and the exchange of EU funds
camps with clean vehicles, we hope that participation in the sales of buses
will rise to tens of percent.
There has also been
rumors about the possibility of extending economic zone including Lublin of the grounds
Ursus. How do you assess the chance of the emergence of such a solution?
It all depends
bid. Zones are complicated creatures tax having their pros and cons,
So they decide the details. If the offer is from our point of view
curious, we certainly consider it.
What are the main objectives,
that Ursus would like to accomplish by the end of 2015?
First of all, we focus on maintaining dynamic
revenues and introduction to the series production of eight models of tractors that
We presented in Kielce. We also want to increase our share and volumes on
the domestic market, because it is a solid base for the operation and development
future projects. Rebuilding Ursus position in Poland is therefore a priority. We would like to
also sign another contract in Africa. On the other hand, in the segment of the bus will
built backlog, starting in tenders.
Adam Torchała
No comments:
Post a Comment