Mostostal Warszawa posts PLN 12.85 million net profit in Q3 2024

Mostostal Warszawa recorded a consolidated net profit of PLN 12.85 million in Q3 2024, a significant increase from the PLN 2.04 million reported in the same period last year, the company announced.

The company’s operating profit (EBIT) also showed strong growth, reaching PLN 20.85 million in Q3, up from PLN 13.66 million a year earlier. Consolidated sales revenues for the quarter rose to PLN 469.23 million compared to PLN 448.29 million in Q3 2023.

Despite the Q3 gains, Mostostal Warszawa faced challenges earlier in the year. In Q1 2024, the company reported a net loss of PLN 10.64 million compared to a profit of PLN 6.81 million in Q1 2023, with sales revenues declining to PLN 1,123.95 million from PLN 1,233.61 million a year prior.

Performance across business segments was mixed. Revenues for the Industry and Energy Group stood at PLN 166.89 million in Q1-Q3 2024, down from PLN 255.69 million a year earlier. The Infrastructure segment saw a modest increase to PLN 667.53 million from PLN 658.17 million, while General Construction revenues dropped to PLN 275.66 million from PLN 303.36 million.

On a unit basis, Mostostal Warszawa reported a net loss of PLN 6.73 million for the first nine months of 2024, compared to a profit of PLN 2.11 million in the same period last year.

Mostostal Warszawa is one of Poland’s leading construction companies, with operations spanning all major sectors of the construction industry. The firm specializes in general investment execution and turnkey projects for both domestic and international clients. Listed on the Warsaw Stock Exchange since 1993, the company reported consolidated sales revenues of PLN 1.68 billion in 2023.

The strong Q3 results indicate a recovery in profitability for Mostostal Warszawa, with its infrastructure projects contributing to the gains. The company’s continued focus on key sectors and strategic investments is expected to drive further growth in the coming quarters.

Source: Mostostal Warszawa and ISBnews