Current report no 59 / 2017

Selected financial information of the Budimex Group for the first half of 2017

In connection with providing the 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 concise consolidated financial statements of the Budimex Group, compiled in compliance with the International Financial Reporting Standards (IFRS) for the first half of 2017 and the comparable figures for the similar period of 2016.

Net revenue from sales of products, services, goods and materials: PLN 2,721,772 thousand as compared to PLN 2,429,700 thousand in the first half of 2016.

Gross profit on sales: PLN 352,094 thousand as compared to PLN 300,274 thousand in the first half of 2016.

Operating profit: PLN 249,154 thousand as compared to PLN 178,270 thousand in the first half of 2016.

Profit before tax: PLN 243,689 thousand as compared to PLN 182,944 thousand in the first half of 2016.

Net profit: PLN 194,781 thousand as compared to PLN 146,518 thousand in the first half of 2016.

Net profit attributable to shareholders of the holding entity: PLN 194,638 thousand as compared to PLN 146,067 thousand in the first half of 2016.

In the first six months of 2017, the developer segment (Budimex Nieruchomości Sp. z o.o.) pre-sold 886 apartments net (excluding reservations) and sold 892, while in the same period in 2016, the records showed 712 pre-sold apartments and 434 units sold upon notarial agreement.

The Budimex Group’s order book after the first six months of 2017 was PLN 9.61 billion compared to PLN 9.27 billion at the end of the first half of 2016.

The value of contracts signed by the Budimex Group in the first half of 2017 was PLN 3.17 billion as compared to PLN 3.07 billion in the first half of 2016.

The net cash position of the Budimex Group, including own cash and short-term securities less external financing sources, stood at PLN 1,288 million as at 30 June 2017. As at 30 June 2016, the net cash position of the Budimex Group was PLN 1,784 million.

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