Ikona BIP Ikona Portal Pracownika Ikona poczty Facebook Twitter Instagram Youtube Linkedin RSS Ikona szukania PLEN

JSW leverages market conditions

PLN 1.76 billion of net consolidated profit in 2018 and ten percent sales revenue growth. The Jastrzębska Spółka Węglowa Group’s financial results stayed at a stable and high level.

[Translate to English:] fot. Dawid Lach

The JSW Group’s 2018 EBITDA was PLN 3.1 billion. In turn, sales revenues totaled PLN 9.8 billion and were up 10.5% above 2017. “This was a good year for Jastrzębska Spółka Węglowa and we anticipate that the situation will be similar this year. Naturally, we are preparing for a possible slowdown in the global economy and a slump in commodity prices; however, we have all our costs under control”, judges Daniel Ozon, President of the Management Board of Jastrzębska Spółka Węglowa SA.

In 2018 the mines making up Jastrzębska Spółka Węglowa produced 3.3% more coal and nearly 3% more coke. That means 15 million tons and 3.6 million tons, respectively. The large coke price hike of 17% versus 2017 is noteworthy. The average coke sales price nearly reached PLN 1,100 per ton. This commodity’s sales revenues in the period under analysis were up 20.7% and hit the level of PLN 4.4 billion. Coal sales revenues also climbed by more than 3% to exceed PLN 5 billion. This commodity’s average sales price remained at a similar level as in 2017, i.e. PLN 658 per ton.

It should be emphasized that the capital investments in the JSW Group rose substantially in comparison with the corresponding period of 2017. The total amount spent was PLN 1.67 billion, i.e. 63% more, while the spend on investments in just the coal segment was PLN 1.4 billion.

“We are leveraging robust market conditions and we are making up for things that were not done in previous years. Presently, we are focusing on extending our resource base and we are securing our production for upcoming years. We are continuing investments related to the modernization of the Coal Preparation Plants in the Budryk and Knurów-Szczygłowice mines and in our coking plants. We are also conducting many ecological and innovative projects”, lists Daniel Ozon, CEO of Jastrzębska Spółka Węglowa SA.

Jastrzębska Spółka Węglowa also increased its expenditures for employee safety. In 2018 it designated PLN 834.4 million for occupational health and safety versus PLN 668.3 million in 2017.

“We made the decision to set up teams for matters concerning JSW’s Central Rescue Warehouse. We are also concentrating on improving standards for communication, identification and monitoring of employees who are under the surface because employee safety is one of our priorities”, clarifies Tomasz Śledź, Deputy President of the JSW Management Board responsible for technical matters.

***

The JSW Group is the largest producer of high quality hard coking coal and a significant producer of coke in the European Union. JSW Group’s core business comprises the production and sale of coking coal and the production and sale of coke and hydrocarbons. Coal extracted by the JSW Group, mainly coking coal, is used in Central Europe by local steel mills owned by international steel producers and regional utilities. The high-quality coke produced by the JSW Group is also sold on the global market. Presently, the JSW Group has 28,268 employees.

Other news

AI Virtual Assistant already at the disposal of JSW Group employees

Virtual Assistant - AITIS ChatBot is a proprietary solution that allows conversation with an artificial intelligence system in selected subject areas. It has been developed through the efforts of JSW IT Systems employees and the editorial team of the Crew Head’s Zone.…

EU raw materials strategy and Polish perspective - debate in the European Parliament

On 24 June 2025, the European Parliament hosted an event on the EU's critical raw materials strategy, with a special focus on Poland's role. The meeting brought together EU policymakers, industry representatives and financial institutions, creating a space for dialogue…

PBSz strengthens its position - annex to the agreement will provide more revenue

Przedsiębiorstwo Budowy Szybów, a JSW Group company, has entered into an annex to the agreement with KGHM Polska Miedź S.A. dated 20 December 2021 concerning the execution of roadway excavations, mining works and provision of technical infrastructure securing the…

Coking coal and coke - foundation of green transition

Jolanta Gruszka, Vice-President of the JSW SA Management Board for Sales, participated in a conference on, among other things, the development of wind energy in Poland. During her speech at the panel discussion, she stressed the importance of coking coal and coke in the…

JSW: more months with production and sales above plan

Jastrzębska Spółka Węglowa has published the assumptions of the JSW Group's Technical and Economic Plan (TEP) for 2025. According to the assumptions, coal production this year is expected to reach 13.37 million tons, including 11.35 million tons of coking coal. Coke…

Cyber security in mining - CyberRange2025

JSW is hosting the nationwide CyberRange conference - Industrial Defense League 2025 - an event of strategic importance for the digital transformation of mining. Jastrzębska Spółka Węglowa is represented by Adam Rozmus, Vice-President of the JSW Management Board for…

More news