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Klima-Therm Group focuses on revenue dynamics and ups its government levies

Added on: 11.10.2019
Drawing on the potential of the position of a leading supplier in the air conditioning and ventilation equipment industry in Poland, which the group has been building for almost 25 years, as well as taking advantage of the positive economic situation in the country, Klima-Therm Group is systematically increasing its revenue and profits. After the three quarters of 2019, from January to September inclusive, the company’s turnover amounted to PLN 325 million, which is an increase of 27% compared to the same period last year. The sound financial condition of Klima-Therm Group is reflected in its growing commitment as an economic entity towards the State Treasury.


Klima-Therm Group consists of seven affiliated enterprises in Poland and abroad, currently employing more than 500 full-time employees. The organisation’s competitive edge is a business model which combines production – carried out in three production plants with a total surface area of 17,500 sq. m. – and distribution of the highest-quality air conditioning, ventilation and heating systems. Klima-Therm solutions are widely used in commercial and industrial facilities, as well as in public and residential buildings. The company’s database of corporate clients boasts almost 4,000 active buyers.


Such a sound financial condition of Klima-Therm Group, expressed by the impressive scale of its business activity and revenue dynamics, is reflected in its growing commitment as an economic entity towards the State Treasury. In 2019 alone, the company paid over PLN 41.1 million in government contributions, including PLN 29.7 million in CIT, VAT and PIT taxes, and PLN 11.4 million in social insurance contributions.


– We wish to be a dependable market participant, a responsible employer and an entity which conducts business activities based on clear, transparent ethical principles and binding legal regulations – emphasizes Daniel Jaśkiewicz, President of the Management Board of Klima-Therm Group. – As a company, we develop continuously, and this development is linked to particular commitments to our business environment. We feel a part of an environment of entrepreneurs whose business successes translate directly into the condition of our economy. Unfortunately, when we take into account the data included in the report of the Polish Union of Entrepreneurs and Employers (ZPP), which shows that the CIT tax in any amount is paid by less than 40% of taxpayers, we gain a different perspective on the matter – adds Daniel Jaśkiewicz.


According to Poland’s Ministry of Finance, in the period from January to August 2019, the domestic state budget revenues amounted to PLN 262.8 billion and were higher by PLN 19.4 billion when compared to the same period last year. In turn, tax revenues this year were higher by about PLN 16.4 billion when we look at the period from January to August 2018.

 

Source:
- Data of Klima-Therm Group, Annual Report 2018 & Company Profile (August 2019)
- ZPP Report: Taxation of entrepreneurs (7 March 2019)
- Data of the Ministry of Finance: Estimated state budget implementation in the period from January to August 2019; www.gov.pl (27 September 2019)