Very good operating results – increased production and sales

The first half of the year was characterized by increased demand for coal due to cool winter and revival in the market stemming from post-pandemic recovery of the economy.Therefore, optimizing wall run system and timetable became our priority. Intense work of the entire staff made this possible

 said Artur Wasil, President of the Management Board of Lubelski Węgiel Bogdanka S.A.

In H1 2021, Bogdanka built 10.4 km of galleries. Production of commercial coal in the first six months of the year amounted to over 4.9 million tonnes, which is 33.8% more year-on-year (in Q2 alone, production amounted to nearly 2.3 million tonnes). Coal sales in the period reached 4.6 million tonnes, hence represented an increase of 30.3% compared with the previous year (2.2 million tonnes of coal were sold in Q2 alone). In the first six months of 2021, the average yield amounted to 71.6%, in comparison to 66.8% in 2020, and in Q2 2021 alone it reached 70.8% (compared to 68.4% in Q2 2020).

Zarówno w drugim kwartale jak i całym półroczu 2021 r. EBITDA była istotnie wyższa niż w analogicznym okresie 2020 r. Wyższy wynik EBITDA wynika głównie ze zwiększonej sprzedaży węgla oraz niskiej bazy z 2020 r.

 Artur Wasilewski – zastępca prezesa zarządu ds. ekonomiczno-finansowych Lubelskiego Węgla Bogdanka S.A.

Bogdanka retained its market position in the first half of 2021, reaching a high share of more than 28% in the sales of coal to commercial power plants. The share in total power coal sales accounted for 22.4%.

As assumed in the strategy announced at the end of the previous year, we search for new sales markets for our coal, knowing that demand in Poland will be decreasing in years to come.Bearing this in mind, we have established a relationship with Ukrainian entities, this is where we anticipate the prospect of further cooperation

- explained Dariusz Dumkiewicz, Vice-President of the Management Board of Lubelski Węgiel Bogdanka S.A., responsible for Development.

In the discussed period, the LW Bogdanka Group had investment expenditure of over PLN 137 million. The largest portion of this sum, nearly PLN 82.5 million, was used for new excavations and modernisation of the existing ones.

We continue to monitor and address the Company’s situation related to Covid-19 on a day-to-day basis.Consistent actions taken by the crisis management centre as well as responsible approach demonstrated by our employees allow us to maintain production as planned

- said Adam Partyka, Vice-President of the Management Board of Lubelski Węgiel Bogdanka S.A., responsible for Employee and Social Affairs.