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FAMUR Group summarised the first quarter of 2022

24.05.2022

FAMUR Group revenues in the first quarter of 2022 amounted to PLN 274 million, thus reaching the level achieved in the same period of last year. EBITDA result amounted to PLN 95 million. Net profit was PLN 36 million and the surplus of cash over financial debt was PLN 482 million.

 

The first quarter of 2022 for the first time includes revenues from the photovoltaics segment for the full reporting period – its share in the Group's revenues amounted to PLN 10 million. In May 2021, FAMUR decided to change strategic directions and enter projects in the area of renewable energy sources (RES). The assumption behind the green transition of the FAMUR Group is that the company will aim to achieve about 70 percent of its revenues from sources unrelated to steam coal by the end of 2024.

FAMUR AND EDF RENEWABLES IN POLAND ARE PLANNING TO COOPERATE IN THE FIELD OF RENEWABLE ENERGY

17.05.2022

The FAMUR Group has signed a letter of intent with the EDF Renewables to confirm the interest of both parties in the possible cooperation within renewable energy sources (RES) area. The companies are considering undertaking joint activities in the field of development and implementation of projects in Poland, including but not limited to wind energy. The signing of the document is another step towards diversification of the FAMUR Group's business activities in line with the new strategic directions adopted in May 2021.

The year 2021 with profit and investments in FAMUR Group

12.04.2022

In 2021, the FAMUR Group achieved a revenue of PLN 1,050 million and the EBITDA result amounting to PLN 314 million. Operating cash flow reached PLN 209 million, despite the increase in FAMUR's involvement in the purchase of components necessary for the construction of photovoltaic farms. At the end of December 2021, the FAMUR Group reported PLN 423 million excess cash over gross financial debt. The share of revenue from the domestic market accounted for 66 percent, export business brought the remaining 34 percent. 

GREEN TRANSFORMATION OF THE FAMUR GROUP NAMED "INVESTMENT OF THE YEAR" IN THE LEADERS IN ENERGY COMPETITION

8.04.2022

The award granted for the green transformation of the FAMUR Group, initiated by the announcement of the company's new strategic directions in May 2021, was presented during the EURO Power and OZE Power conferences. The “Leaders in Energy" initiative aims to recognize projects implemented with innovative solutions and with a management strategy that translates into energy efficiency. 

 

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FAMUR Group obtains financing for the construction of photovoltaic farms with a total capacity of 134 MW

14.03.2022

Companies belonging to the FAMUR Group concluded a project finance loan agreement with a consortium of banks for the financing and refinancing of the incurred expenses related to the construction of photovoltaic farms. The campaign will include 140 photovoltaic farm projects with a total capacity of 134 MW. The limits granted to the companies amount to PLN 428 million.

This is another step in the Group's transformation into a holding company investing in the green transition and achieving 70% of its revenues from sources not related to thermal coal by 2024.

FAMUR Group actively participates in the relief efforts for Ukraine

8.03.2022

80 people from Ukraine found a home thanks to the help from Famur Group employees. The Company is actively involved in assisting people who have come to Poland and supports the activities of non-governmental organizations helping those who have stayed in Ukraine.

FAMUR stops performance of contracts within the Russian market

7.03.2022

FAMUR SA has suspended the performance of two contracts for the supply of equipment to customers in the Russian Federation and, until further notice, suspends offering new machinery and mining equipment to this market. The decision follows the current geopolitical situation caused by the war in Ukraine, as well as supply chain disruptions that prevent the performance contracts due to the occurrence of force majeure.

FAMUR develops modern technologies and focuses on virtual reality

21.02.2022

Following Industry 4.0 trends, FAMUR is systematically developing training tools using virtual reality, remote diagnostics and field service smart glasses technology to operate equipment for various industry sectors. As part of this activity, we developed and implemented a concept to create an innovative SIGMA (Service in Grid Monitoring Area) room. It is an idea based on the use of modern technologies such as Virtual Reality (VR), webex, smart glasses and smart mining. The SIGMA room allows users to collaborate online with customers, provides real-time analysis of machine parameters, and enables users to connect with an operator equipped with field service smart glasses from anywhere in the world. For several months, the SIGMA hall has been hosting training sessions, conferences and meetings with both Polish and foreign customers.

The end of 2021 - summary

31.12.2021

2021 was a year of many significant events for the functioning and future of the FAMUR Group. New directions and new investments appeared that have a significant impact on the future and shape of the FAMUR brand's business. We also signed significant contracts for the delivery of machines to various parts of the world.

 

 

Photovoltaic projects of the FAMUR Group and Projekt Solartechnik with a capacity of almost 58 MW won the RES auction

23.12.2021

The Famur Group, together with Projekt Solartechnik, a Group company, announces that it has won all 34 submitted photovoltaic projects with a total capacity of almost 58 MW in the December auction.