Current report no 50 / 2018

Estimated consolidated net profit of Budimex Group for 2 quarter 2018

The Management Board of Budimex SA informs that the consolidated net financial result of Budimex Group for the second quarter of 2018 amounted to PLN 65 million which represents a decrease of PLN 45 million (41 %) compared to the respective period of the previous year.

The decrease in the consolidated net profit results mainly from the decline in profitability of the construction segment related to the increase in material prices, subcontractor services cost and the lack of appropriate indexation of prices by investors as well as significant growth in logistics cost on infrastructure projects.

Publishing the abovementioned piece of information is the result of a significant change in the level of the net financial result within the given period.