Budimex had PLN 459.47 million in net profit, and PLN 638.57 million in EBIT in 2020

Budimex had PLN 8,382.24 million of consolidated net revenues (a year earlier: PLN 7,569.66 million) and PLN 459.47 million of net profit attributable to the shareholders of the parent company in 2020 (226, PLN 01 million in 2019), the company announced, presenting selected financial data.

The other published data are as follows:
+ gross profit on sales: PLN 937,033 thousand PLN compared to 551 552 thousand. PLN in 2019.
+ operating profit: PLN 638 572 thousand PLN compared to 318 394 thousand. PLN in 2019.
+ gross profit: PLN 622,040 thousand PLN compared to 332 357 thousand. PLN in 2019.
+ net profit: PLN 471 394 thousand PLN compared to 228 851 thousand. PLN in 2019.
+ net profit of Budimex SA: PLN 310 541 thousand PLN compared to 232 723 thousand. PLN in 2019.

As at December 31, 2020, the net cash position of the Budimex Group, including own cash and short-term securities, less external financing, amounted to PLN 2.1 billion. As at December 31, 2019, the net cash position of the Budimex Group was PLN 1.4 billion, it was also announced

The company also announced that the epidemic in Poland introduced on March 20, 2020 had an impact on several contracts being implemented, including abroad. According to the group's estimates, the impact on the operating result is approximately minus PLN 33 million.

Budimex has been listed on the Warsaw Stock Exchange since 1995. Its strategic investor is the Spanish company Ferrovial. In 2019, it had PLN 7.57 billion of consolidated revenues.

Source: ISBnews and Budimex Group