Press Release

27 August 2015, 11:42

The Ergis Group after first half of 2015. Very good financial results, visible increase in profitability

The ERGIS Group, the leader of plastics processing in the Central and Eastern Europe, generated revenue of nearly PLN 345.5 million after the first half of 2015 (an increase of 2.9% as compared to the same period of the previous year), operating profit of PLN 24.3 million (an increase of 28.1% compared to the first half of 2014) and net profit of over PLN 19.7 million (an increase of 59.5% compared to the same period of the previous year). The second quarter of 2015 was another very successful period for the ERGIS Group.

Such impressive figures are attributable mainly to further growth in the sales of nanoErgis film, as well as to the rising sales in the overseas markets and the successful launch of new production lines (another line for flexographic print in the Nowy Sącz plant and the second production line for PET tapes in the Oława plant).


Financial results of the ERGIS Group in H1 2015 are presented in the table below:

in PLN '000

H1 2015

H1 2014






Operating profit




Gross profit








Net profit




The Group’s revenue for the first half of 2015 was higher by 2.9% in relation to the same period of the previous year, with the average EUR exchange rate lower by approx. 1.1%. Following the extensive slump in raw material prices recorded in Q1 2015, Q2 brought about substantial price rises. Furthermore, in H1 2015 we also witnessed considerable shortages in the supply of a number of raw materials, with the producers citing “Force Majeure” on an unprecedented scale. Consequently, the positive impact of raw material prices on the bottom line in Q1 2015 was then offset in Q2. The marked improvement in the Group’s profitability in H1 2015 is therefore the direct result of the rise in operating profit.

Over 56% of sales revenue was generated abroad, with an over 7.3% increase compared to H1 2014.

The Group recorded an increase in the sales of industrial packaging by 16.8% as a result of successful marketing of the nanoErgis film. The value of sales in the printed packaging segment increased by nearly 5.8% which resulted from the expansion and modernisation of the machine park in the Nowy Sącz production plant, where a new line for flexographic print was launched (Flexergis).

Gross profit and net profit recorded in the first half of 2015 were significantly higher than in the same period of 2014, with a comparable balance of financial income and expenses. There has been a strong improvement in profitability ratios and the return on total assets and return on equity – mainly due to replacing a substantial part of traditional stretch film by state-of-the-art nanoErgis film.

ERGIS Group’s profitability ratios in H1 2015 are set out in the table below:

in PLN ‘000

H1 2015

H1 2014

Change in percentage points

Sales margin



+ 0.98

Operating margin



+ 1.38

EBITDA margin



+ 1.42

Gross margin



+ 2.29

Net margin



+ 2.03 


In May 2015 a decision was taken to integrate the production of multi-layer rigid packaging film with the production of PET mono film in a single manufacturing plant in Germany. Consequently, both production lines currently operated by the Schimanski-Ergis GmbH plant based in Gallin near Hamburg will be moved to Berlin-based MKF-Ergis GmbH to replace the machinery previously transferred to MKF-ERGIS Sp. z o.o. in Wąbrzeźno. The impact of the costs resulting from the planned operation on the Group’s bottom line in 2015 will not exceed PLN 1 million. As of 2016 the integrated laminate production in the Berlin plant will generate annual cost savings in the food packaging film business of approx. PLN 3.5 million. In the future the plant in Gallin is intended for sale.

The first half of 2015 turned out to be yet another successful period for the Ergis Group. We owe our excellent results to further growth in the sales of our cutting-edge product, i.e. nanoErgis stretch film, and the effective launch of new production lines: the second line for the production of PET tapes in Oława and a new line for flexographic print in Nowy Sącz. The Group is currently developing a new strategy with a focus on intensifying its research and development activities, said Tadeusz Nowicki, President of the Management Board of ERGIS S.A.



The ERGIS Group is the leader in plastics processing in the Central and Eastern Europe. Out of its six manufacturing plants, four are situated in Poland and two in Germany. The Group’s profile includes manufacturing of packaging for food (films and PVC and PET-based barrier laminates, printed multilayer laminates) and industrial packaging (LLDPE stretch films and PET films). Moreover, ERGIS is a manufacturer of films for packaging pharmaceuticals, hydro-insulating films and PVC compounds. In 2014 the Group’s revenue exceeded PLN 667 million.

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