Danwood Holding results for 2017
In 2017 the Danwood Holding S.A. Group generated normalized EBITDA of PLN 69.8 million, an increase of 25% from 2016, and a normalized net profit of PLN 51.8 million, up 52% year-on-year. The group had revenue in 2017 of PLN 848.3 million (an increase of 26%). The group is generating good financial results on all levels thanks to a steady increase in its scale of operations and strict cost controls.
In 2017 the group delivered 1,215 homes to customers, as compared to 995 units the year before, an increase of 22% y/y.
The group’s portfolio of orders as of 31 December 2017 included about 2,200 homes, which will cover production for about 15 months.
“We are steadily increasing the scale of our operations and reinforcing our position on the German market, where for five years we have been the leader in the segment of turnkey prefabricated homes,” said Jarosław K. Jurak, CEO of Danwood Holding S.A. “Our portfolio of orders is growing and currently stands at about 2,200 homes. We are also gradually reinforcing our presence on other European markets, particularly in the UK. In 2017 and 2016 we generated double-digit growth in the number of homes we delivered, at 22% and 19% y/y respectively. We have developed our own cost-efficient business model, positioning us to grow faster than our German competitors, supplying our customers with high-quality homes and also generating solid results. Another competitive advantage of ours is better access to qualified workers than in the case of German firms, which are strongly impacted by a shortage of skilled labour.”