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DPSN 2021 - Budimex S.A. Report

On July 29, 2021, the Management Board of Budimex S.A. sent a report on the company’s compliance with the corporate governance principles in the Best Practices for GPW Listed Companies 2021. 

Signing an agreement for the construction of the S6 carriageway, section Leśnice – Bożepole Wielkie

On 29 July 2021, an agreement was officially signed in connection with the offer of Budimex S.A. selected by the General Directorate for National Roads and Motorways in Gdańsk as the most favourable one in the public procurement procedure for the construction of the S6 dual carriageway between Słupsk and Bożepole Wielkie. Task 5: in. Leśnice (without a junction) - in. Bożepole Wielkie (without a junction).

Financial results of the Budimex Group after six months of 2021 – commentary by Artur Popko – President of the Management Board of Budimex

'We are very pleased with the results of the Budimex Group in the first half of 2021. Despite difficult market conditions, we recorded a significant increase in the Group’s gross profit within continuing operations (i.e. construction and service operations) from PLN 91 million in the first half of 2020 to PLN 260 million in the first half of 2021 with a simultaneous increase in profitability from 2.6% to 8.0%' – says Artur Popko – President of the Management Board of Budimex SA.

Budimex invests in rolling stock

Budimex, aiming to increase flexibility and full independence in the execution of contracts in the segment of track works and construction of an overhead line, plans to purchase new equipment fully adapted to operate on Polish tracks. Budimex's machine park will be enriched with new tamping machines, welders, a pilot, a locomotive and trolleys, as well as several dozen specialist wagons. In total, Budimex will have over 80 units of rolling stock and track machines. The investment in new equipment will cost PLN 129 million.

Inauguration of the S11 section construction

On 20 July 2021, at the constructed Zegrze Pomorskie junction of the new S11 expressway, Budimex, together with contractors of other sections of the road, inaugurated the construction of the S11 – a 40-kilometre-long road from Koszalin to Babolice.

Expressway S61 Stawiski – Szczuczyn: traffic on new roadways, but with restrictions

From 20 July, the traffic organisation on the section of the future expressway 261 Stawiski – Szczuczyn will change. Vehicles will be diverted to the already finished roadways of the S61. The change is technical and related to the next stage of road works. There will be a 70 km/h speed limit.

Cases of fake websites that resemble Budimex Group’s websites

Recently, we have taken notice of fake websites that resemble Budimex Group’s websites.

Meeting with Budimex S.A. Management Board after the publication of the second quarter 2021 financial results

The Management Board of Budimex S.A., in order to maintain proper communication with the Company’s stakeholders and in compliance with the Best Practice for GPW Listed Companies 2021, invites to a meeting intended to summarise Budimex Group’s Q2 2021 financial results and discuss the current condition of the market.

Modernisation of the Dramatic Theatre soon to be implemented

Aleksander Węgierko Dramatic Theatre in Białystok and Budimex SA concluded a contract for the modernisation of a historic building of the theatre. The project is expected to be completed at the beginning of 2023.

Ceremonial decoration of the ridgepole at the Specialist Clinical Hospital No. 1 in Lublin

On July 6, a ceremonial wreath was hung at a toping out ceremony on the eighth floor of the Specialist Clinical Hospital No. 1 in Lublin, executed by Budimex. This is a sign that construction has reached its peak. The wreath was hung on the LPR helipad at the top of the hospital under construction. It was placed on a special attachment by a 50-metre crane.

Budimex will reconstruct 22 km of road no. 527 between Łukta and Olsztyn

On July 1, 2021, at the Marshal’s Office of the Warmińsko-Mazurskie Voivodeship in Olsztyn, Budimex signed a contract with the Voivodeship Roads Authority for the extension of voivodeship road no. 527 on the Łukta – Olsztyn section. The contract was signed as a construct only contract.

Budimex has signed a contract for the construction of the Administration Center in Ciechanów

Budimex has signed a contract for the construction of the Administration Center in Ciechanów. The contract will be carried out in the “construct only” formula with turnkey equipment for the building. The investor is the Self-Government of the Mazowieckie Voivodeship and the County Office in Ciechanów.

The second Parent Zone this year delivered!

Patients of the Józef Bednarz Provincial Psychiatric Hospital in Świecie can now spend time in new rooms. The 36th Parent Zone was opened in the 7th Ward for children. Despite the difficulties caused by the pandemic, the social programme ‘Parent Zone. Budimex for Children’ has continued without interruption since 2013. Thanks to this project, a friendly space with subdued colours will be available for up to 300 children a year.

Budimex among the best in the opinion of construction subcontractors

Subcontractors appreciated Budimex again – according to the latest ranking of ASM Centrum Badań Analiz i Rynku (Market Research and Analysis Centre), Budimex is still one of the two best construction companies in Poland rated in terms of cooperation with subcontractors.

Scammers posing as Budimex – please stay alert

We have recently observed instances of fake domains and websites being registered which resemble those managed by Budimex Group.

Budimex completed the R&D centre of PKN ORLEN in Płock

7,100 square metres of concrete, 180 kilometres of wiring, 750 tonnes of reinforcing steel and 22 kilometres of pipelines. Budimex completed its work and the R&D Centre was handed over to the investor, PKN ORLEN. The contract value is about PLN 167 million net.

Budimex is going to build the Sztabin ring road

On 28 May 2021, Budimex signed a contract for the Sztabin ring road with the General Directorate for National Roads and Motorways, Branch in Białystok. The ring road will be 4.2 km long. The investment is being implemented under the design and build system. Its value exceeds PLN 134 million net.

Budimex Nieruchomości with new investors

Pursuant to the agreement concluded on 22 February 2021, on 24 May 2021 the title to Budimex Nieruchomości Shares was transferred to CP Developer S.ar.l. with its registered office in Luxembourg.

New members of the Supervisory Board of Budimex S.A.

On 20 May 2021, the Ordinary General Meeting of Budimex S.A. passed resolutions to appoint new members of the Supervisory Board of Budimex S.A. Pursuant to the above resolutions, the following persons became members of the Supervisory Board: Dariusz Blocher and Ignacio Aitor Garcia Bilbao

Budimex with a contract for the Suchowoli ring road

Budimex signed a contract with the General Directorate for National Roads and Motorways, Branch in Białystok, for the implementation of the project and construction of the Suchowoli ring road in the Podlaskie Voivodeship. As part of the investment worth over PLN 249 million, 15 kilometres of the route will be created along national road no. 8.

 
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