Aktuálny výkaz č. 49 / 2020

Selected financial information of the Budimex Group for the first half of 2020

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 2020 and the comparable figures for the corresponding period of 2019.

Net revenue from sales of products, services, goods and materials: PLN 3,734,436 thousand as compared to PLN 3,248,421 thousand in the first half of 2019.

Gross profit on sales: PLN 327,551 thousand as compared to PLN 209,381 thousand in the first half of 2019.

Operating profit: PLN 156,609 thousand as compared to PLN 111,382 thousand in the first half of 2019.

Profit before tax: PLN 152,588 thousand as compared to PLN 107,944 thousand in the first half of 2019.

Net profit: PLN 114,491 thousand as compared to PLN 72,533 thousand in the first half of 2019.

Net profit attributable to shareholders of the holding entity: PLN 110,574 thousand as compared to PLN 72,104 thousand in the first half of 2019.

In the first six months of 2020, the developer segment (Budimex Nieruchomości Sp. z o.o.) pre-sold 816 apartments net (excluding reservations) and sold 622, while in the same period in 2019, the records showed 731 pre-sold apartments and 947 units sold upon notarial deeds.

The Budimex Group’s order book after the first six months of 2020 was PLN 11.56 billion compared to PLN 11.08 billion at the end of the first half of 2019.

The value of contracts signed by the Budimex Group in the first half of 2020 was PLN 3.82 billion as compared to PLN  3.80 billion in the first half of 2019.

The net cash position of the Budimex Group, including own cash and short-term securities less external financing sources, stood at PLN 1.903 million as at 30 June 2020. As at 30 June 2019, the net cash position of the Budimex Group was PLN 264 million.

State of epidemic, which was introduced in Poland on 20 March 2020 had a slight 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 36 million.

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