{"id":155967,"date":"2019-04-26T07:50:03","date_gmt":"2019-04-26T07:50:03","guid":{"rendered":"https:\/\/bdm-stg.mda.pl\/informacje-prasowe\/press-release-to-the-financial-data-of-the-budimex-group-for-the-first-quarter-of-2019\/"},"modified":"2024-06-07T12:08:17","modified_gmt":"2024-06-07T12:08:17","slug":"press-release-to-the-financial-data-of-the-budimex-group-for-the-first-quarter-of-2019","status":"publish","type":"press","link":"https:\/\/bdm-stg.mda.pl\/en\/press\/press-release-to-the-financial-data-of-the-budimex-group-for-the-first-quarter-of-2019\/","title":{"rendered":"Press release to the financial data of the Budimex Group for the first quarter of 2019"},"content":{"rendered":"\n
\n
\n
\n
\n

26.04.2019<\/p>\n

\n

Press release to the financial data of the Budimex Group for the first quarter of 2019<\/h2>\n

\n \n

\n
\n

Share article<\/p>\n

\n
\n \n <\/span>\n <\/a>\n <\/div>\n
\n \n <\/span>\n <\/a>\n <\/div>\n
\n \n <\/span>\n <\/a>\n <\/div>\n <\/div>\n <\/div>\n<\/div> <\/p>\n <\/div>\n

\n Market situation:<\/strong>\n <\/p>\n

\u25aa Construction and assembly production increased in Q1. 2019 by 13% to reach PLN 18 billion<\/p>\n

\u25aa The industry\u2019s appeals for the introduction of contract valorisation have not solved the problems of contracts in progress \u2013 there is no systemic solution to the issue of unprofitable contracts signed 2-3 years ago<\/p>\n

\u25aa Statistical data indicate that the sector ended last year with a profit, but this is most likely due to the high profitability of smaller entities<\/p>\n

\u25aa Market difficulties mainly affect large companies (over 250 employees), which carry out the largest orders, sometimes lasting up to 3-4 years, largely based on subcontracting services<\/p>\n

\n Budimex Group results:<\/strong>\n <\/p>\n

\u25aa The Group\u2019s sales in Q1 2019 increased by 3% and reached PLN 1.4 billion<\/p>\n

\u25aa The gross profit margin of the Budimex Group amounted to 3.3% compared to 6.0% in Q1 2019. 2018<\/p>\n

\u25aa Cost pressure in the construction industry had a negative impact on the results of the construction segment, where the gross profit margin fell to 1.3% (vs. 4.4% in Q1 2018)<\/p>\n

\u25aa The real estate development segment achieved a gross profit margin of 14.8%, thus improving the result from Q1. 2018, when the profitability amounted to 13.1%<\/p>\n

\n Cash position of the Budimex Group:<\/strong>\n <\/p>\n

\u25aa In the first quarter of 2019, we recorded a seasonal decrease in the net cash balance to PLN 627 million<\/p>\n

\u25aa We continue our policy of financing subcontractors by offering early payments and frequent invoicing of the works carried out<\/p>\n

\u25aa The cash situation prompted the Company\u2019s Management Board to recommend to shareholders the payment of a dividend of PLN 6.3 per share, i.e. approximately 50% of the profit for 2018<\/p>\n

\n
\n Results of the construction segment of the Budimex Group:<\/strong>\n <\/p>\n

\u25aa Sales of the construction segment increased by 10%, reaching a slightly lower dynamics than the industry<\/p>\n

\u25aa The Budimex Group\u2019s order book remains at a safe level of over PLN 10 billion<\/p>\n

\u25aa Further cost inflation in the industry translated into a decrease in the profitability of the gross profit of the construction part to 1.3%<\/p>\n

\u25aa Continuing the strategy of development on the railway market, in March we signed another important contract for the completion of works on railway line No. 7 \u2013 its value is PLN 0.6 billion. In addition, we are preparing to sign a contract for the modernization of the railway station
Gdynia Port worth PLN 1.5 billion<\/p>\n

\u25aa Contractors\u2019 bids are more cautious and begin to reflect the new cost environment, as a consequence of which investor budgets are regularly exceeded<\/p>\n

\n
\n Results of the development segment of the Budimex Group:<\/strong>\n <\/p>\n

\u25aa Budimex Nieruchomo\u015bci\u2019s customers in Q1 2019, they signed 601 notarial deeds<\/p>\n

\u25aa Pre-sales in the development segment reached 265 apartments and were close to Q1 2019. 2018<\/p>\n

\u25aa The revenues of the real estate development segment decreased by 11% and amounted to PLN 187 million, and the gross profit amounted to PLN 28 million with a high profitability of 14.8%<\/p>\n

\u25aa The current offer of Budimex Nieruchomo\u015bci is almost a thousand apartments in 4 locations.<\/p>\n

\n The coming quarters through the eyes of the Budimex Group\u2026<\/strong>\n <\/p>\n

\u25aa The situation of the Budimex Group is stable and the current level of the order book is safe<\/p>\n

\u25aa The average profitability of the portfolio is relatively good, although it remains under pressure from difficult contracts signed 2-3 years ago. We hope for the stabilization of profitability with the end of these contracts<\/p>\n

\u25aa The availability and retention of staff and wage inflation in the sector remain a challenge. The difficult situation of the industry prompts us to take a selective approach to increasing the number of employees. Recruitment plans for this year mainly concern the railway area<\/p>\n

\u25aa We try to create the best possible working conditions for our employees. Our work has been awarded the title of \u201cBest Quality Employer 2018\u201d<\/p>\n

\u25aa We continue negotiations to acquire a 51% stake in FBSerwis. Decisions in this regard should be made in the next few months<\/p>\n

\u25aa In the development segment, we plan to launch several residential projects in 2019. Our ambitions are higher, but administrative and regulatory barriers often stand in the way<\/p>\n

\n Budimex Group<\/strong>\n <\/p>\n

\u25aa It is a responsible contractor and, despite losses on some contracts, it performs contracts in accordance with the public interest, often handing over projects before the contract deadline<\/p>\n

\u25aa It develops corporate social responsibility. The \u201cParent Zone. Budimex for Children\u201d and \u201cChange the World. Budimex 50 years\u201d were included in the report \u201cResponsible Business in Poland. Good Practices\u201d, which presents the most inspiring and interesting activities of companies in the field of CSR<\/p>\n<\/div>\n <\/div>\n

\n
\n \n
\n
\n \"Pobierz\n <\/div>\n <\/div> <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/section>","protected":false},"excerpt":{"rendered":"

Market situation:
\n\u25aa Construction and assembly production increased in Q1. 2019 by 13% to reach PLN 18 billion
\n\u25aa The industry’s appeals for the introduction of contract valorisation have not solved the problems of contracts in progress \u2013 there is no systemic solution to the issue of unprofitable contracts signed 2-3 years ago
\n\u25aa Statistical data indicate that the sector ended last year…<\/p>\n","protected":false},"featured_media":152988,"parent":0,"template":"","press_type":[537,790],"acf":[],"yoast_head":"\nPress release to the financial data of the Budimex Group for the first quarter of 2019 - Budimex<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Press release to the financial data of the Budimex Group for the first quarter of 2019 - Budimex\" \/>\n<meta property=\"og:description\" content=\"Market situation: \u25aa Construction and assembly production increased in Q1. 2019 by 13% to reach PLN 18 billion \u25aa The industry's appeals for the introduction of contract valorisation have not solved the problems of contracts in progress \u2013 there is no systemic solution to the issue of unprofitable contracts signed 2-3 years ago \u25aa Statistical data indicate that the sector ended last year...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bdm-stg.mda.pl\/en\/press\/press-release-to-the-financial-data-of-the-budimex-group-for-the-first-quarter-of-2019\/\" \/>\n<meta property=\"og:site_name\" content=\"Budimex\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-07T12:08:17+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bdm-stg.mda.pl\/en\/press\/press-release-to-the-financial-data-of-the-budimex-group-for-the-first-quarter-of-2019\/\",\"url\":\"https:\/\/bdm-stg.mda.pl\/en\/press\/press-release-to-the-financial-data-of-the-budimex-group-for-the-first-quarter-of-2019\/\",\"name\":\"Press release to the financial data of the Budimex Group for the first quarter of 2019 - Budimex\",\"isPartOf\":{\"@id\":\"https:\/\/bdm-stg.mda.pl\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/bdm-stg.mda.pl\/en\/press\/press-release-to-the-financial-data-of-the-budimex-group-for-the-first-quarter-of-2019\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/bdm-stg.mda.pl\/en\/press\/press-release-to-the-financial-data-of-the-budimex-group-for-the-first-quarter-of-2019\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/bdm-stg.mda.pl\/app\/uploads\/2024\/06\/s-x-x-563.jpg\",\"datePublished\":\"2019-04-26T07:50:03+00:00\",\"dateModified\":\"2024-06-07T12:08:17+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/bdm-stg.mda.pl\/en\/press\/press-release-to-the-financial-data-of-the-budimex-group-for-the-first-quarter-of-2019\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/bdm-stg.mda.pl\/en\/press\/press-release-to-the-financial-data-of-the-budimex-group-for-the-first-quarter-of-2019\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/bdm-stg.mda.pl\/en\/press\/press-release-to-the-financial-data-of-the-budimex-group-for-the-first-quarter-of-2019\/#primaryimage\",\"url\":\"https:\/\/bdm-stg.mda.pl\/app\/uploads\/2024\/06\/s-x-x-563.jpg\",\"contentUrl\":\"https:\/\/bdm-stg.mda.pl\/app\/uploads\/2024\/06\/s-x-x-563.jpg\",\"width\":1280,\"height\":960},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/bdm-stg.mda.pl\/en\/press\/press-release-to-the-financial-data-of-the-budimex-group-for-the-first-quarter-of-2019\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/bdm-stg.mda.pl\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Press release to the financial data of the Budimex Group for the first quarter of 2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/bdm-stg.mda.pl\/en\/#website\",\"url\":\"https:\/\/bdm-stg.mda.pl\/en\/\",\"name\":\"Budimex\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/bdm-stg.mda.pl\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Press release to the financial data of the Budimex Group for the first quarter of 2019 - Budimex","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"Press release to the financial data of the Budimex Group for the first quarter of 2019 - Budimex","og_description":"Market situation: \u25aa Construction and assembly production increased in Q1. 2019 by 13% to reach PLN 18 billion \u25aa The industry's appeals for the introduction of contract valorisation have not solved the problems of contracts in progress \u2013 there is no systemic solution to the issue of unprofitable contracts signed 2-3 years ago \u25aa Statistical data indicate that the sector ended last year...","og_url":"https:\/\/bdm-stg.mda.pl\/en\/press\/press-release-to-the-financial-data-of-the-budimex-group-for-the-first-quarter-of-2019\/","og_site_name":"Budimex","article_modified_time":"2024-06-07T12:08:17+00:00","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/bdm-stg.mda.pl\/en\/press\/press-release-to-the-financial-data-of-the-budimex-group-for-the-first-quarter-of-2019\/","url":"https:\/\/bdm-stg.mda.pl\/en\/press\/press-release-to-the-financial-data-of-the-budimex-group-for-the-first-quarter-of-2019\/","name":"Press release to the financial data of the Budimex Group for the first quarter of 2019 - Budimex","isPartOf":{"@id":"https:\/\/bdm-stg.mda.pl\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/bdm-stg.mda.pl\/en\/press\/press-release-to-the-financial-data-of-the-budimex-group-for-the-first-quarter-of-2019\/#primaryimage"},"image":{"@id":"https:\/\/bdm-stg.mda.pl\/en\/press\/press-release-to-the-financial-data-of-the-budimex-group-for-the-first-quarter-of-2019\/#primaryimage"},"thumbnailUrl":"https:\/\/bdm-stg.mda.pl\/app\/uploads\/2024\/06\/s-x-x-563.jpg","datePublished":"2019-04-26T07:50:03+00:00","dateModified":"2024-06-07T12:08:17+00:00","breadcrumb":{"@id":"https:\/\/bdm-stg.mda.pl\/en\/press\/press-release-to-the-financial-data-of-the-budimex-group-for-the-first-quarter-of-2019\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/bdm-stg.mda.pl\/en\/press\/press-release-to-the-financial-data-of-the-budimex-group-for-the-first-quarter-of-2019\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/bdm-stg.mda.pl\/en\/press\/press-release-to-the-financial-data-of-the-budimex-group-for-the-first-quarter-of-2019\/#primaryimage","url":"https:\/\/bdm-stg.mda.pl\/app\/uploads\/2024\/06\/s-x-x-563.jpg","contentUrl":"https:\/\/bdm-stg.mda.pl\/app\/uploads\/2024\/06\/s-x-x-563.jpg","width":1280,"height":960},{"@type":"BreadcrumbList","@id":"https:\/\/bdm-stg.mda.pl\/en\/press\/press-release-to-the-financial-data-of-the-budimex-group-for-the-first-quarter-of-2019\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/bdm-stg.mda.pl\/en\/"},{"@type":"ListItem","position":2,"name":"Press release to the financial data of the Budimex Group for the first quarter of 2019"}]},{"@type":"WebSite","@id":"https:\/\/bdm-stg.mda.pl\/en\/#website","url":"https:\/\/bdm-stg.mda.pl\/en\/","name":"Budimex","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/bdm-stg.mda.pl\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/bdm-stg.mda.pl\/en\/wp-json\/wp\/v2\/press\/155967"}],"collection":[{"href":"https:\/\/bdm-stg.mda.pl\/en\/wp-json\/wp\/v2\/press"}],"about":[{"href":"https:\/\/bdm-stg.mda.pl\/en\/wp-json\/wp\/v2\/types\/press"}],"version-history":[{"count":2,"href":"https:\/\/bdm-stg.mda.pl\/en\/wp-json\/wp\/v2\/press\/155967\/revisions"}],"predecessor-version":[{"id":155970,"href":"https:\/\/bdm-stg.mda.pl\/en\/wp-json\/wp\/v2\/press\/155967\/revisions\/155970"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bdm-stg.mda.pl\/en\/wp-json\/wp\/v2\/media\/152988"}],"wp:attachment":[{"href":"https:\/\/bdm-stg.mda.pl\/en\/wp-json\/wp\/v2\/media?parent=155967"}],"wp:term":[{"taxonomy":"press_type","embeddable":true,"href":"https:\/\/bdm-stg.mda.pl\/en\/wp-json\/wp\/v2\/press_type?post=155967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}