Stock market
ZUE Group results for 3 quarters of 2023
After nine months of 2023, sales revenues of ZUE S.A. increased by 44% y/y and amounted to PLN 824.1 million. In turn, the operating profit was PLN 11.8 million (+66% y/y), and the net profit amounted to PLN 11 million (+24% y/y). In the same period, the ZUE Group's sales revenues increased by 43% y/y to PLN 900.7 million, operating profit was PLN 13.2 million (+14% y/y), and net profit amounted to PLN 10. PLN 2 million. The group recorded a gross profit on sales of PLN 30.2 million and a gross margin of 3.3%. The ZUE Group has a secure order portfolio worth approximately PLN 2.05 billion. It is worth noting that in October this year ZUE S.A. signed with PKP PLK S.A. contract for the execution of the order worth PLN 785.1 million net (PLN 965.7 million gross).