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Letter of Chairman

Home page Introduction Letter of Chairman

Ladies and Gentlemen,
Dear Shareholders,

For ELEKTROBUDOWA SA the year 2016 was a challenging period of profound changes. Despite tough macroeconomic conditions and decline in investments, the Company successfully accomplished its targets and goals.

ELEKTROBUDOWA SA closed the year 2016 with net sales revenue of PLN 929 million and net profit generated for this period amounting to PLN 53.1 million.

The Company has successfully completed execution of the biggest ever in its long history project – a contract for turnkey construction of a new 65MWe heat generation unit in EC Tychy. As General Contractor, ELEKTROBUDOWA met all deadlines and the project worth over PLN 600 million was commissioned in time. Another important event was the construction of Śmiłowo HV/MV substation, where the Company installed its own OPTIMA – 24, medium voltage switchgear consisting of two sections, for the first time in the history of ELEKTROBUDOWA SA.

The Supervisory Board is supporting the Management of the company in their pursuit of further development and increasing the efficiency of performance of ELEKTROBUDOWA Group. In September 2016 the Supervisory Board approved Strategy 2016-2018 of ELEKTROBUDOWA SA. The strategy assumes building up capacity of the organization targeted at further growth and strengthening market position.

ELEKTROBUDOWA SA is a competent organization with solid foundations which conducts operations with due care of the natural environment and its social environment. Well educated and experienced personnel, which undertakes challenging projects, contributes to constant growth of value for Shareholders of the Company.

Presenting to You this Report, on behalf of all members of the Supervisory Board I would like to thank the Management Board, the Company’s Managers, Employees and all other people who made their contribution to accomplish business goals established by the Company. I am also grateful to Customers and Business Partners for their fruitful cooperation. I am convinced that we will rise to market challenges and, together, we will achieve the goals set in Strategy 2016-2018 of ELEKTROBUDOWA SA.

Wishing you success in 2017

Karol Żbikowski

Chairman of the Supervisory Board

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