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We ARE the champions!

Eurobuild CEE 12 June 2018
POLAND In the first three months of 2018 the Abadon Real Estate group (ARE) generated more than PLN 162.3 mln in sales revenue (up from PLN 54.2 mln in Q1 2017) and a net profit of PLN 3.8 mln (up from PLN 1.6 mln).
Its almost threefold increase in sales revenue and more than twofold increase in net profit is attributed to the significant increase in the scale of Murapol’s operations, which is the basic and leading client for ARE group companies. The takeover of construction group Awbud last year and the consolidation of its results in the ARE group report also had an impact on the figures.

Around 86 pct of the sales revenue generated by ARE in Q1 was derived from service activities, mainly general contracting work by Partner and Awbud. The remaining 14 pct of the revenue was generated by building materials distributor Cross Bud. “We should be having a lot of contractor work and orders over the next five years,” insists Nikodem Iskra, the CEO of Abadon Real Estate.

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