Mangata Holding’s results for the first half of 2023.
Mangata Holding generated PLN 527.8 million in sales revenues in the first half of 2023 (-1.2% y/y). The Group’s EBITDA result for the presented period ended PLN 71.9 million compared to PLN 88.8 million for the first half of 2022. PLN 34.3 million was eliminated from the net profit and was used by PLN 18.8 million less than the net profit in the one-off period for 2022.
Market demand in 2022 and the geopolitical situation at the European level remained high. All operating segments of the group recorded record levels of results, which influenced the high level of the database for the results of 2023. Cooling of the separate year in 2023 (especially in the second range of 2023), as well as the return of steel prices to levels similar to the end of 2021, in which transition to increased downward pressure on product prices.