Current report no 11 / 2020

Date: February 26, 2020 8:00 AM

Selected financial information of the Budimex Group for 2019

In connection with providing the financial information to the parent 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 2019 and the comparable figures for 2018.

Net sales of finished goods, services, goods for resale and raw materials: PLN 7,569,663 thousand as compared to PLN 7,387,137 thousand in 2018.

Gross profit on sales: PLN 551,552 thousand as compared to PLN 629,089 thousand in 2018.

Operating profit: PLN 318,394 thousand as compared to PLN 417,010 thousand in 2018.

Profit before tax: PLN 332,357 thousand as compared to PLN 403,388 thousand in 2018.

Net profit: PLN 228,851 thousand as compared to PLN 305,484 thousand in 2018.

Net profit attributable to shareholders of the parent entity: PLN 226,014 thousand as compared to PLN 305,424 thousand in 2018.

In 2019 the developer segment (Budimex Nieruchomości Sp. z o.o.) pre-sold 1,655 apartments net (excluding reservations) and sold 1,534 apartments upon notarial deeds, while in 2018 the records showed 1,208 pre-sold apartments and 1,672 units sold upon notarial deeds.

The Budimex Group’s backlog at the end of 2019 was PLN 10.8 billion compared to PLN 10.1 billion at the end of 2018.

The value of contracts signed by the Budimex Group in 2019 was PLN 7.5 billion as compared to PLN 6.6 billion in 2018.

The net cash position of the Budimex Group, including own cash and short-term securities decreased by external financing sources, stood at PLN 1.4 billion as at 31 December 2019. As at 31 December 2018, the net cash position of the Budimex Group was PLN 1.1 billion.

Capital expenditures on non-financial non-current assets incurred in 2019 amounted to PLN 158 million (in 2018: PLN 162 million). Additionally, in 2019, the Group companies purchased land for future development projects worth PLN 43 million (in 2018: PLN 204 million).

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


Selected financial information for 2019.

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Shareholdership structure as on 20.05.2021

GPWKNFRespect IndexSEGWIG Budownictwo