Current report no 8 / 2019

Date: February 27, 2019 7:49 AM

Selected financial information of the Budimex Group for 2018

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 consolidated financial statements of the Budimex Group, prepared in accordance with the International Financial Reporting Standards (IFRS) for 2018 and the comparable figures for 2017.


Net sales of finished goods, services, goods for resale and raw materials: PLN 7,387,137 thousand as compared to PLN 6,369,309 thousand in 2017.


Gross profit on sales: PLN 629,089 thousand as compared to PLN 809,824 thousand in 2017.


Operating profit: PLN 417,010 thousand as compared to PLN 588,318 thousand in 2017.


Profit before tax: PLN 403,388 thousand as compared to PLN 580,432 thousand in 2017.


Net profit: PLN 305,484 thousand as compared to PLN 464,594 thousand in 2017.


Net profit attributable to shareholders of the parent entity: PLN 305,424 thousand as compared to PLN 464,408 thousand in 2017.


In 2018, the developer segment (Budimex Nieruchomości Sp. z o.o.) pre-sold 1,208 apartments net (excluding reservations) and sold 1,672 apartments upon notarial deeds, while in 2017 the records showed 1,457 pre-sold apartments and 1,914 units sold upon notarial deeds.


The Budimex Group’s backlog at the end of 2018 was PLN 10.1 billion compared to PLN 10.3 billion at the end of 2017.


The value of contracts signed by the Budimex Group in 2018 was PLN 6.6 billion as compared to PLN 7.3 billion in 2017.


The net cash position of the Budimex Group, including own cash and short-term securities less external financing sources, stood at PLN 1.1 billion as at 31 December 2018. As at 31 December 2017, the net cash position of the Budimex Group was PLN 2.2 billion.


Capital expenditures on non-financial non-current assets incurred in 2018 amounted to PLN 162 million (in 2017: PLN 86 million). Additionally, in 2018, the Group companies purchased land for future development projects worth PLN 204 million (in 2017: PLN 185 million).


The attached table presents the results of reporting segments of the Budimex Group for 2018 and comparable data for 2017.


Table: Selected financial information for 2018.

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Shareholdership structure as on 18.06.2020

GPWKNFRespect IndexSEGWIG Budownictwo
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