Budimex.pl

Current report no 59 / 2021

Date: July 26, 2021 8:02 AM

Selected financial information of the Budimex Group for the first half of 2021

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 2021 and the comparable (restated) figures for the corresponding period of 2020.

 

As a result of conclusion of the conditional sale agreement of all shares in the subsidiary Budimex Nieruchomości Sp. z o.o. on 22 February 2021, and then the disposition agreement on 24 May 2021, the Group presents the entire segment "real estate development and management" as discontinued operations. In line with IFRS 5, the 2020 data was restated.

 

Net revenue from sales of products, services, goods and materials: PLN 3,241,092 thousand as compared to PLN 3,460,165 thousand in the first half of 2020.

 

Gross profit on sales: PLN 375,645 thousand as compared to PLN 253,126 thousand in the first half of 2020.

 

Operating profit: PLN 276,390 thousand as compared to PLN 99,687 thousand in the first half of 2020.

 

Profit before tax: PLN 259,598 thousand as compared to PLN 91,153 thousand in the first half of 2020.

 

Net profit from continuing operations: PLN 208,444 thousand as compared to PLN 64,822 thousand in the first half of 2020.

 

Net profit from discontinued operations: PLN 520,508 thousand as compared to PLN 49,669 thousand in the first half of 2020.

 

Net profit: PLN 728,952 thousand as compared to PLN 114,491 thousand in the first half of 2020.

 

Net profit attributable to shareholders of the holding entity: PLN 721,205 thousand as compared to PLN 110,574 thousand in the first half of 2020.

 

The Budimex Group’s order book after the first six months of 2021 was PLN 12.97 billion compared to PLN 11.56 billion at the end of the first half of 2020.

 

The value of contracts signed by the Budimex Group in the first half of 2021 was PLN 2.92 billion as compared to PLN 3.82 billion in the first half of 2020.

 

As a result of sale of Budimex Nieruchomości sp. z o.o. the Budimex Group made a profit in the amount PLN 542 million, of which PLN 55 million related to the settlement of previously reversed profit on internal transactions between the construction and developer segments.

 

The net cash position of the Budimex Group, including own cash and short-term securities less external financing sources, stood at PLN 2,798 million as at 30 June 2021. As at 30 June 2020, the net cash position of the Budimex Group was PLN 1,903 million.

 

The attached table presents the results of reporting segments of the Budimex Group for the first half of 2021 and comparable data for the corresponding period of 2020.

Shareholders
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Shareholdership structure as on 18.06.2020

GPWKNFRespect IndexSEGWIG Budownictwo
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