News
Polimex Mostostal Capital Group published its financial results after three quarters of 2018.
Operating revenues of the Polimex Mostostal Capital Group after the third quarter of 2018 amounted to PLN 1,198 million and are higher by PLN 388 million compared to operating revenues for the first half of 2018.
After the third quarter of 2018 Polimex Mostostal Capital Group EBITDA amounted to PLN 13 million and is PLN 7 million higher compared to the first six months of this year.
Selected financial data…
On 25 September 2018, in Nowy Czarnów, Polimex-Mostostal SA and Polimex-Energetyka SP. z o. o., acting in a consortium with SBB ENERGY SA concluded an agreement with PGE Górnictwo i Energetyka Konwencjonalna SA, part of PGE Capital Group, for the “Delivery and erection of an SCR (Selective Catalytic Reduction) installation for the OP-650 type boilers, for the units Nos 5, 6, 7 and 8 in the Elektrownia Dolna Odra power plant”, in PGE GiEK SA (Oddział Zespół Elektrowni Dolna Odra).
The investment involving units 5,…
Operating income of the Polimex Mostostal Capital Group in the first half of 2018 amounted to PLN 810 million and is lower by PLN 324 million compared to the same period in 2017. Similarly, the Capital Group's EBITDA in the first half of 2018 amounted to PLN 6 million and is lower by PLN 69 million PLN compared to a similar period in the previous year.
Operating revenues of "Polimex-Mostostal" SA in the first half of 2018 amounted to PLN 230 million and were lower by PLN 381 million compared to the same…
On June 22nd, "Polimex-Mostostal” SA and "GE Power" Sp. z o.o. signed a letter of intent with respect to the construction of Ostrołęka C, a power plant with a capacity of approx. 1,000 MW, enough power for 300,000 Polish homes.
Both companies have agreed that GE Power Sp. will to subcontract for one or more of the following scopes : construction work, delivery of steel structures and assembly of steel structures to Polimex-Mostostal S.A. The two companies may also partner in the area of: project work and…
The Polimex Mostostal Capital Group published its financial results after the first quarter of 2018. The company generated operating revenues of over PLN 348 million. EBITDA after three months of 2018 for the Company amounted to PLN 11 million, and operating profit PLN 5 million.
Selected financial data of the Polimex Mostostal Capital Group
for the first quarter of 2018 in PLN million
The past three months of 2018 is a period of hard work and difficult decisions for the Capital Group. I am aware…
The Supervisory Board of "Polimex-Mostostal" SA adopted a resolution on appointing Mr. Krzysztof Figat to the Management Board, entrusting him with the function of President of the Management Board as of 11 May 2018.
As of 11 May 2018 the Management Board of „Polimex-Mostostal” SA will be composed of the following members:
Krzysztof Figat – President of the Management Board,
Maciej Korniluk - Vice President, CFO,
Przemysław Janiszewski – Vice President, COO.
- “I am very happy to have the trust of the…
"Polimex-Mostostal" SA as the Consortium Leader has made a decision not to appeal against the selection by Elektrownia Ostrołęka of a general contractor for the construction of Ostrołęka C 1000 MW power plant.
Further to Rafako S.A.’s press release published on 16 April 2018, Polimex-Mostostal S.A.’s Management Board announces that, following a detailed analysis of the tender documents related to the settlement of the tender proceedings and selection of GE Power and Alstom Power System by Elektrownia…
"Polimex Mostostal” SA’s EBIDTA (earnings before interest, taxes, depreciation and amortization) in 2017 amounted to PLN 66 million, which represents a PLN 147 million increase in comparison with the previous year (2016).
The key factor influencing this change was a significant correction of the gross margin of the Kozienice Project, both in 2017 (PLN 42.3 million increase) and in 2016.
The Polimex Mostostal Capital Group recorded PLN 2.421 billion in consolidated revenues. The Capital Group’s EBIDTA (…
PERN S.A. executed an agreement with Naftoremont-Naftobudowa sp. z o. o., a company that is part of the Polimex Mostostal capital group (GK). The subject-matter of the investment’s implementation is the construction of four liquid fuel storage tanks with a total volume capacity of 128,000 m3, in the following sequences: two 32,000 m3 tanks in the Fuel Base No 1 in Koluszki and two 32,000 m3 tanks in the Fuel Base No 2 in Nowa Wieś Wielka.
Both construction projects will be implemented jointly with the…
The Supervisory Board of "Polimex-Mostostal" SA adopted a resolution on appointing Mr. Maciej Korniluk to the Management Board, entrusting him with the function of Vice President of the Management Board as of 8 January 2018.
New Member of the Management Board of "Polimex-Mostostal" SA.
The new Member of the Management Board was appointed for a three-year joint term. He will be responsible for overseeing the finances of Polimex Mostostal Capital Group.
As of 8 January 2018 the Management Board of…