Budimex.pl

Current report no 14 / 2021

Date: February 24, 2021 7:50 AM

Selected financial information of the Budimex Group for 2020

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 2020 and the comparable figures for 2019.

 

Net sales of finished goods, services, goods for resale and raw materials: PLN 8,382,240 thousand as compared to PLN 7,569,663 thousand in 2019.

 

Gross profit on sales: PLN 937,033 thousand as compared to PLN 551,552 thousand in 2019.

 

Operating profit: PLN 638,572 thousand as compared to PLN 318,394 thousand in 2019.

 

Profit before tax: PLN 622,040 thousand as compared to PLN 332,357 thousand in 2019.

 

Net profit: PLN 471,394 thousand as compared to PLN 228,851 thousand in 2019.

 

Net profit attributable to shareholders of the parent entity: PLN 459,465 thousand as compared to PLN 226,014 thousand in 2019.

 

Net profit of Budimex SA: PLN 310,541 thousand as compared to PLN 232,723 thousand in 2019.

 

In 2020 the developer segment (Budimex Nieruchomości Sp. z o.o.) pre-sold 1,672 apartments net (excluding reservations) and sold 1,286 apartments upon notarial deeds, while in 2019 the records showed 1,655 pre-sold apartments and 1,534 units sold upon notarial deeds.

 

The Budimex Group’s backlog at the end of 2020 was PLN 12.7 billion compared to PLN 10.8 billion at the end of 2019.

 

The value of contracts signed by the Budimex Group in 2020 was PLN 9.0 billion as compared to PLN 7.5 billion in 2019.

 

As at 31 December 2020 the net cash position of the Budimex Group, including own cash and short-term securities decreased by external financing sources, stood at PLN 2.1 billion. As at 31 December 2019, the net cash position of the Budimex Group was PLN 1.4 billion.

 

State of epidemic, which was introduced in Poland on 20 March 2020 had an impact on a few contracts, which are mainly carried-out abroad. According to the Group's estimates, the impact on the operating result is approximately minus PLN 33 million.

 

The attached table presents the results of reporting segments of the Budimex Group for 2020 and comparable data for 2019.

Shareholders
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Shareholdership structure as on 18.06.2020

GPWKNFRespect IndexSEGWIG Budownictwo
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