Uprzejmie informujemy, że węgiel dla klientów indywidualnych sprzedajemy wyłącznie bezpośrednio w kopalni „Budryk” w Ornontowicach. JSW S.A. nie prowadzi sprzedaży on-line, a wszelkie oferty i aukcje internetowe prowadzone z powołaniem się na JSW S.A., naszą nazwę lub logo są bezprawne.
Ikona BIPIkona Portal PracownikaIkona pocztyFacebookTwitterInstagramYoutubeLinkedinIkona szukaniaPLEN

Jastrzębska Spółka Węglowa increases its net profit for 9 months of 2022 to nearly PLN 6.4 billion

Jastrzębska Spółka Węglowa has maintained its record performance in spite of the increasingly difficult market environment and declining coking coal and coke prices on global markets. In the third quarter of 2022, the JSW Group posted net profit of PLN 2.15 billion.

 

photo: Dawid Lach

EBITDA (net of non-recurring events) was PLN 2.91 billion. After 9 months, the net result reached a record high level of PLN 6.36 billion and EBITDA (net of non-recurring events) was PLN 8.73 billion.

- The third quarter showed that the company is able to navigate even the very volatile and unpredictable geopolitical environment. We are reaping benefits from our cooperation with all the partners, the trading relationships and the long-term contracts. These factors have minimized the negative consequences of the difficult market conditions. Additionally, after this year’s incidents in JSW mines and after announcing a force majeure event, the company stabilized its overall coal production and financial results in spite of the significant impact on our activities of factors such as growing inflation, rising energy costs, prices of materials and services and increasing labor costs - said Tomasz Cudny, President of the Management Board of JSW S.A. - Despite the difficult geopolitical circumstances, which affected the market for raw materials for the metallurgy sector, we have continued to implement our adopted strategy. It is the investments in mines and coking plants that allow the JSW Group to function efficiently and respond to market needs in the volatile conditions; this is why surplus funds are regularly invested in the Closed-End Investment Fund, which will secure these activities in case of an economic downturn. We attach special importance to climate transition and the role our company plays in this process. Coking coal will remain, for many years to come, an indispensable element in the production of steel, which is important for global transition.We are actively working on reducing our carbon footprint and ultimately on achieving climate neutrality - added the President of the JSW S.A. Management Board.

In Q3 2022, total sales of coal produced in JSW mines reached 3.49 million tons, which marked a slight decline from the previous quarter. During the period in question, the prices of coking coal and coke decreased by 18.9% and 10.7%, respectively, compared to the previous quarter. The average price of coking coal was PLN 1,560.28 per ton, while the average price of coke reached PLN 2,385.59 per ton. This caused a 13.8% decline in total sales revenues, which amounted to more than PLN 5.15 billion.

Total coal production in JSW S.A. in the third quarter of the year was 3.43 million tons (including 2.64 million tons of coking coal) and was slightly higher than in the previous quarter.
 The production during the 9 months of this year grew 4.1% compared to the corresponding period of the previous year. On the other hand, in Q3 2022, the production of coke fell by 11.9% down to nearly 0.8 million tons.

It is worth noting the 3% quarter on quarter increase in capital expenditures associated with investments made in the JSW Group on a cash basis. They amounted to over PLN 623 million. When comparing the 9-month period of 2022 to the corresponding period last year, the increase was 33.1% up to PLN 1.77 billion. The higher capital expenditures are associated, among others, with modernization of coke oven battery no. 4 at the Przyjaźń Coking Plant in Dąbrowa Górnicza, construction of a power unit at the Radlin Coking Plant and the purchase of mining equipment and machinery.

Other news

A rescue operation has begun in the Pniówek mine

Today (4 February) a rescue operation has begun in the Pniówek mine with the purpose of reaching the seven missing miners.

Reopening of the rescue operation

This Saturday (February 4th), a rescue operation will begin with the goal of reaching the seven missing miners. This was announced today by Edward Paździorko, JSW Vice-President for Technical and Operational Matters, at a press conference held in the Pniówek Mine.

JSW among leaders in climate action

Jastrzębska Spółka Węglowa has reported on its climate activities for the first time to the reputable CDP rating, receiving a high score. The score confirms the significant commitment of the company to environmental and climate action.

Green commercial success

Jastrzębska Spółka Węglowa is not only a producer of high-quality coking coal, it is also one of Poland's largest producers of evaporated food-grade salt.

Our app has won an award!

The “360 JSW Mines” app developed by employees of the JSW Group was awarded in the 48th edition of the National Competition for Improvement of Working Conditions organized by the Ministry of Family and Social Policy. The award presentation took place on December 15 in…

Saint Barbara on the pithead building

The stained glass mosaic with the image of Saint Barbara was put up on the wall of the pithead building of the Borynia-Zofiówka mine, Zofiówka Section to commemorate the pacification of the Jastrzębie mines.

More news