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Impel Improves Results

27 f 2009

The year 2009 is another year marked by a consistent rise in sales revenues of the Impel Group and consolidation of its market position. Compared to H1 2008, sales were up by 3.4% despite the recession-ridden tougher market conditions.

Analysis of financial results by individual business units shows that the leading products, both in terms of H1 2009 revenue and profitability, are Facility Management (facility cleaning and management) and Security. The FM unit generated sales revenues of PLN 226.112 million, with operating margin of 7.9%. The Security unit reported revenues of PLN 201.430 million, and the operating margin figure was 9.3%.

Wojciech Rembikowski, Impel SA’s VP said: “The first half figures result from consistent work focused on improving operating margin, winning new orders and renegotiating contracts. The market of facility management services is a mature market. We can see growth potential among sector clients in food industry and class A office facilities, as well as aircraft ground handling which we have recently been developing. We are increasing our presence in the security segment’s cash handling, alarm system monitoring and electronic security systems. Increased organizational potential and improved security service quality for our clients enable us to achieve better and better results”.

Impel continues work on the implementation of the integrated IT system. The project of the Impel Group and the SAP Company is one of the biggest undertakings of this kind in Poland. Completion of the implementation is scheduled for the end of 2009.

Wojciech Rembikowski, Impel SA’s VP added: “The new IT system, featuring current analysis of service quality, will ensure optimization of costs and generate multiple benefits in terms of optimization of service and relations with clients of the Impel Group companies. The system will enable us to keep regular monitoring of contract execution, identify further needs of clients, and streamline business negotiations. The implementation entails financial expenditure, though. We estimate that next year the increased management efficiency will not yet balance out the financial burden of the SAP implementation on the Group companies”.

In July 2009, Ms Danuta Czajka was appointed Vice-president of Impel SA Development. She will be in charge of creating and supervising the strategy for capital investment and disinvestment processes, supervising the implementation of new products and setting up new businesses, as well as supervising MIS system within the Impel Group.

Ms Danuta Czajka, VP of Impel SA Management Board stressed: “My presence in the Management Board of Poland’s biggest group of companies providing services for businesses, results from the development strategy adopted by IMPEL. Capital-related activities will be carried out with regard to selected product lines. The activities will be similar to those carried out by Impel Perfecta, established with a German partner to provide laundry service, or Autogrill Polska linked with the global concern Autogrill, with which IMPEL will be setting up catering outlets along the main transport routes. We are planning on entering into strategic alliances in areas related to our core business. Today, the Impel Group’s competitive edge is not just the nationwide reach, but most of all the platform for building the position and partnerships with businesses of world renown”.