Budimex.pl

Current report no 53 / 2019

Date: July 29, 2019 8:34 AM

Selected financial information of the Budimex Group for the first half of 2019

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 condensed consolidated financial statements of the Budimex Group, prepared in accordance with the International Financial Reporting Standards (IFRS) for the first half of 2019 and the comparable figures for the corresponding period of 2018.

 

Net revenue from sales of products, services, goods and materials: PLN 3,248,421 thousand as compared to PLN 3,302,661 thousand in the first half of 2018.

 

Gross profit on sales: PLN 209,381 thousand as compared to PLN 286,491 thousand in the first half of 2018.

 

Operating profit: PLN 111,382 thousand as compared to PLN 170,124 thousand in the first half of 2018.

 

Profit before tax: PLN 107,944 thousand as compared to PLN 163,361 thousand in the first half of 2018.

 

Net profit: PLN 72,533 thousand as compared to PLN 128,088 thousand in the first half of 2018.

 

Net profit attributable to shareholders of the holding entity: PLN 72,104 thousand as compared to PLN 128,047 thousand in the first half of 2018.

 

In the first six months of 2019, the developer segment (Budimex Nieruchomości Sp. z o.o.) pre-sold 731 apartments net (excluding reservations) and sold 947, while in the same period in 2018, the records showed 509 pre-sold apartments and 1 107 units sold upon notarial deeds.

 

The Budimex Group’s order book after the first six months of 2019 was PLN 11.08 billion compared to PLN 10.78 billion at the end of the first half of 2018.

 

The value of contracts signed by the Budimex Group in the first half of 2019 was PLN 3.80 billion as compared to PLN 3.36 billion in the first half of 2018.

 

The net cash position of the Budimex Group, including own cash and short-term securities less external financing sources, stood at PLN 264 million as at 30 June 2019. As at 30 June 2018, the net cash position of the Budimex Group was PLN 734 million.

 

In the first half of 2019, the Group companies purchased land for future development projects worth PLN 36.1 million (in the first half of 2018: PLN 60 million).

 

The attached table presents the results of reporting segments of the Budimex Group for the first half of 2019 and comparable data for the corresponding period of 2018.

Shareholders
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Shareholdership structure as on 17.05.2019

GPWKNFRespect IndexSEGWIG Budownictwo
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