About Wojciech Kowalczyk
Wojciech Kowalczyk, CEO of Boryszew SA, has described the company's recent performance as stable despite a difficult macroeconomic environment. In April 2025, he cited a slowdown in Western Europe, particularly in Germany, weakness in the automotive sector, and geopolitical risks as key factors affecting the business. He stated that the company expects improvements in 2025, including a roughly 50% increase in EBIT from the automotive segment and a more than 40 million złoty boost from cost-cutting measures. Kowalczyk also noted that the company is in advanced talks for new contracts and plans to update its strategy in May 2025.
In earlier appearances, Kowalczyk characterized 2023 results as "stable" and "good" given the challenging conditions, and he highlighted the company's diversification as a competitive advantage. He has pointed to a significant recovery in electric vehicle production expected by 2026, and has discussed the company's focus on expanding into energy transmission, circular economy, and energy storage segments. Kowalczyk has also noted that the company manages energy and gas price risks through a dedicated team and hedging, while acknowledging that supply risks remain dependent on government policy.
Source: AI-verified profile updated from Wojciech Kowalczyk's recent appearances.
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Transcript (3 segments)
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Narrator0:00
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Wojciech Kowalczyk0:24
We are satisfied with these results, especially given the difficult macroeconomic environment. The strategy adopted for 2022 has been consistently implemented, and the first year ended successfully. Recurring EBITDA reached 387 million, net profit 114 million, after a write-off on our Russian assets. The year included war, inflation, economic slowdown, and semiconductor shortages, but our diversification helped. The metals and steel segments compensated for the automotive segment's weakness. We look ahead optimistically: the second quarter should be the trough, and we are ready for a recovery in the second half. Our competitive advantage is diversification, and we are counting on the automotive segment as cheaper cars become more available. Our e-cars project, automating air conditioning tubing for EVs in Torun and Mexico, will reach full automation by June–July. CapEx of around 100 million covers replacement and growth. Another project involves rolling mill cages co-financed by NCBR. Over 50% of our wiring production is now for electric cars. While the 2035 deadline may slip, the trend toward EVs is clear. We aim to increase market share and secure new contracts. The first quarter looks good, and we are committed to our ambitious strategic goals.
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Narrator4:57
The program's partner was M Food S.A., the largest Polish stock exchange-listed producer and distributor of honey from around the world.
