Annual Report 2019
We mine coal,
that is changing the world.
We mine coal,
that is changing the world.
02 Letter from the President of the Management Board JSW

I am pleased to present to you JSW Group’s second integrated report, which showcases our activities in 2019.

The report contains the most significant information on the effects of managing our enterprise in areas that are of the most interest to our stakeholders – activities related to improvements in occupational safety, social, environmental, employee and management areas as well as development and innovations.

WŁODZIMIERZ HEREŹNIAK
President of the Management Board, JSW

Despite the economic slowdown that the entire commodity industry is struggling with, the Group's financial results remained stable.

The Group generated a positive financial result of PLN 649.6 million and achieved a consolidated profit in the form of EBITDA at PLN 1,939.5 million.

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Expenditure on environmental protection amounted to PLN 194.8 million in JSW and PLN 223.2 million in the Group.

We continued environmental protection activities, taking into account the needs of local stakeholders and communities.

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03 Relevant Data

8671,8

mln PLN

Revenue from sales

1939,5

mln PLN

EBITDA

649,6

mln PLN

Net result

chart-65
Revenue from sales
chart-66
EBITDA

Despite the economic slowdown that the entire commodity industry is struggling with, the Group's financial results remained stable.

The Group generated a positive financial result of PLN 649.6 million and achieved a consolidated profit in the form of EBITDA at PLN 1,939.5 million.

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194,8

mln PLN

Expenditures on environmental protection*

101,1

mln PLN

Rectification of mining damages

59,5

mln PLN

Investments in environmental protection

*including PLN 2.5 million within the Group
chart-67

Expenditures on environmental protection

chart-68

Expenditures on rectification of mining damages

Expenditure on environmental protection amounted to PLN 194.8 million in JSW and PLN 223.2 million in the Group.

We continued environmental protection activities, taking into account the needs of local stakeholders and communities.

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04 Innovativeness
05 Value creation model

How we create value

Taking into account the needs and expectations of our stakeholders and our drive to adapt to the best international standards and practices, Jastrzębska Spółka Węglowa is for the second time publishing its results in an integrated format.

We would like to present to our entire audience a description of our business that goes beyond operating and financial indicators. We are certain that framing the Company in a multi-dimensional context that encompasses a wide set of non-financial data will help you to gain a better understanding of the business decisions taken in 2019, our business model and our perspectives for the future.

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06 CSR