Budimex.pl

Current report no 11 / 2022

Date: February 23, 2022 7:45 AM

Selected financial information of the Budimex Group of 2021

In connection with the publication of financial information to the holding entity of Budimex S.A., i.e. Ferrovial SA, the Management Board of Budimex SA hereby discloses to the general public some selected financial information from the consolidated financial statements of the Budimex Group, prepared in accordance with the International Financial Reporting Standards (IFRS) of 2021 and the comparable (restated) figures of 2020.

 

As a result of conclusion of the conditional sale agreement of all shares in the subsidiary Budimex Nieruchomości Sp. z o.o. on 22 February 2021, and then the disposition agreement on 24 May 2021, the Group presents the entire segment "real estate development and management" as discontinued operations. In line with IFRS 5, the 2020 data was restated.

 

Net revenue from sales of products, services, goods and materials: PLN 7,911,192 thousand as compared to PLN 7,709,106 thousand of 2020.

 

Gross profit on sales: PLN 833,797 thousand as compared to PLN 701,937 thousand of 2020.

 

Operating profit: PLN 587,085 thousand as compared to PLN 447,433 thousand of 2020.

 

Profit before tax: PLN 554,496 thousand as compared to PLN 427,059 thousand of 2020.

 

Net profit from continuing operations: PLN 465,946 thousand as compared to PLN 313,696 thousand of 2020.

 

Net profit from discontinued operations: PLN 520,508 thousand as compared to PLN 157,698 thousand of 2020.

 

Net profit: PLN 986,454 thousand as compared to PLN 471,394 thousand of 2020.

 

Net profit attributable to shareholders of the holding entity: PLN 971,603 thousand as compared to PLN 459,465 thousand of 2020.

 

Net profit of Budimex SA was PLN 979,633 thousand as compared to PLN 310,541 thousand of 2020.

 

The Budimex Group’s order book at the end of 2021 was PLN 12.97 billion compared to PLN 12.72 billion at the end of 2020.

 

The value of contracts signed by the Budimex Group in 2021 was PLN 7.00 billion as compared to PLN 8.98 billion of 2020.

 

As a result of sale of Budimex Nieruchomości sp. z o.o. the Budimex Group made a profit in the amount PLN 487 million.

 

The net cash position of the Budimex Group, including own cash less external financing sources, stood at PLN 2.6 billion as at 31 December 2021. As at 31 December 2020, the net cash position of the Budimex Group was PLN 2.1 billion.

 

The published data is not final and may be changed as part of work on the financial statements of Budimex SA and the Budimex Group.

 

The attached table presents the results of reporting segments of the Budimex Group of 2021 and comparable (restated) data of 2020.

 

Shareholders
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Shareholdership structure as on 20.05.2021

GPWKNFRespect IndexSEGWIG Budownictwo