In 2022, Corab S.A., one of the leading manufacturers and distributors of renewable energy solutions operating on the Polish market, reported record revenues of almost PLN 1.5 billion, marking an increase of almost 60 per cent compared to the previous year. In the same period, the company's EBITDA increased by 25% to PLN 175.6 million. In addition, last year was a record year for Corab S.A. in terms of the value of the company's exports, which increased by 338% and amounted to PLN 231.5 million.
The company's record results were underpinned by the dynamic development of the Polish photovoltaic market, with an average year-on-year growth (CAGR) exceeding 100% between 2016 and 2021.
During this period, Corab S.A. increased the production capacity of its main product category, i.e. photovoltaic mounting systems, to 3.5 GW per year. It also opened an automated logistics centre with 25,000 m2 of multi-tier racking space. In addition to the distribution of products from renowned brands operating in the renewable energy sector, the company focused on the development of its own product range under the Corab Encor brand, including PV modules and photovoltaic accessories and others. In 2022, Corab S.A. also substantially intensified its efforts in foreign markets, including Germany, Scandinavia and the Baltic states.
The CARPORT WSC system is a structure mounted to the foundation and also a carport for two cars. The number of modules installed for two stations is 15. Made of extremely corrosion-resistant Magnelis and hot-dip galvanized steel. There is an option for one or two cars, but it is possible to expand after adding more modules.
In 2023, Corab S.A. intends to strengthen its presence in European markets that are key to the company's development, such as Germany, Sweden, Lithuania, Latvia, Estonia, Hungary, Bulgaria and Romania. This is due to the promising growth prospects for these markets. Industry estimates available for the market assume the creation of more than 53GW of new solar power capacity in the EU in 2023 and capacity additions of at least 85GW per year in this region until 2026.
The company plans to diversify its offerings by expanding its portfolio of proprietary products and solutions to help its customers achieve complete energy independence, shielding them from fluctuating energy prices. To achieve this, it plans to expand the range of products and solutions currently available under the Corab Encor brand, such as PV modules and photovoltaic accessories, to include additional elements such as heat pumps, inverters, an application for managing RES system elements, and EV chargers.
Corab S.A. manufactures high-quality photovoltaic systems and offers comprehensive solutions from renowned manufacturers in the RES industry - both for commercial PV installations and for individual customers (prosumers).
For more than 30 years, the company has been perfecting its competence in steel and aluminium production and developing the production of renewable energy-related equipment. Corab S.A. is a leading European company manufacturing high-quality PV structures as well as a distributor of advanced photovoltaic solutions.
Professionals can benefit from Corab's wide product range but also gain from its efficient logistics, customer support, training offer and full after-sales service. Investors and customers who are interested in finding photovoltaic contractors are invited to join us under the Corab Partner programme. It is a network of the best installation companies across Poland.
We belong to the largest Polish capital group (along with brands such as Cersanit and Komfort), which further highlights our stability and credibility.
Dyrektor Marketingu i PR Corab S.A.
T: +48 89 535 17 90