Illuminating the future

ES-System, a company providing professional lighting services, has announced double-digit growth in its sales and net profit for Q3 2008. The consolidated results of the capital group showed zł.46.06 million in sales revenue and a net profit of zł.4.68 million, increases of 12.5 percent and 18.43-percent y/y, respectively.

The company is now seeing a stabilization in demand after a period of very dynamic growth in the entire construction sector.

Bogusław Pilszczek, CEO of ES-System toldWBJ that the company has a plan B in case of a considerable recession in this sector.

"[The plan entails] focusing on compliance with new energy-savings regulations in the EU, which will be gradually implemented from 2009-2017. The 'ES' in our name stands for 'energy-saving', so our products already comply with the new regulation," he added.

ES-System earned zł.36.8 million on sales domestically (a 23.5 percent increase), while revenue from sales of exports amounted to zł.9.23 million (a 16.9 percent decrease). The reason for the drop in export-sales revenue was the Polish currency gaining strength against the euro in the first part of Q3, and investment stagnation on the foreign market caused by the financial crisis, according to the company.

Some of ES-System's projects completed in Q3 2008 include providing lighting systems for the Marino shopping center in Wrocław, the fifth phase of Leśne Estate in Warsaw, the Maxfilm cinema as well as the Galeria Wisła shopping center in Płock (in Mazowieckie voivodship) among others.