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VGP sees record profits


Large order portfolio for Erbud

Eurobuild CEE 01 March 2019

POLAND At the end of 2018 Erbud had an order book portfolio worth PLN 2.5 bln. This is 22.3 pct more than at the end of the previous year.

On June 30th 2018 the company recorded a consolidated loss after having reduced its predicted margins on all its projects. However, in the third quarter the group earned PLN 13 mln in operating profit. “In the middle of last year we draw a symbolic line under the past and cleaned up the situation in the group. As a result, today we have stable development and a calm future ahead of us. Our diversified portfolio of orders secures us against economic turbulence in particular segments. Choosing our next contracts selectively will be very important now. Starting this year, we want to return to the profitability of previous years, at above 2 pct,” says Dariusz Grzeszczak, president of the management board at Erbud.

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