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Good six months for Budimex

04 August 2017

POLAND The Budimex Group has announced its H1 results. The parent company’s net profit came to PLN 194.6 mln in H1, compared to PLN 146 last year.

The gross profit came to nearly PLN 243.7 mln, compared to 182.9 mln in 2016. The operating profit came to PLN 249.15 mln (PLN 178.27 mln in H1 2016). The gross profit on sales rose to PLN 352.1 mln from PLN 300.3 mln last year. The group’s revenues came to PLN 2.72 bln compared to PLN 2.43 bln for the same period last year.

Budimex Nieruchomości pre-sold 886 apartments in H1 2017 (excluding reservations) and signed 892 notarial deeds, whereas over the same period in 2016 the company recorded 712 pre-sold apartments and 434 notarial deeds.

The order book for the end of H1 2017 was worth PLN 9.61 bln, compared to PLN 9.27 bln at the end of H1 2016. In H1 2017, Budimex signed contracts worth PLN 3.17 bln compared to PLN 3.07 bln last year. The group’s net cash position, including its own cash and short-term securities minus external sources of finance came to PLN 1.288 bln as of June 30th, 2017 (as compared to PLN 1.784 bln last year).

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