Financial indicators

Selected financial data for 2018 in PLN million
Polimex Mostostal Capital Group

in PLN million

2017 r.

2018 r.
Operating revenue 2 421 1 637
Operating profit -74 35
EBITDA 146 62
Gross profit -107 15
Net profit -137 16

 

Comment

  • The operating income of Polimex Mostostal Capital Group (the „Capital Group”) for the year 2018 was PLN 1,637 billion, which is lower by PLN 784 mln compared to the corresponding income for the previous year. The decrease in the operating profits is largely related to the finalization of the Kozienice project in December 2017 (the PoC was 100% at the end of 2017; during 2017 an income of PLN 471 mln was registered on this contract) and the lower cost processing on the Opole project, which is approaching its final stage of implementation from the standpoint of the already performed tasks (the difference in the income is PLN 381 mln).
  • The Group’s EBITDA in 2018 amounted to PLN 62 mln and is lower by approximately PLN 84 mln compared to the previous year. They key factors contributing to the decrease in the EBITDA indicator in 2018 are the revisions of the cost budgets for the Opole and Żerań projects, compensated by the improvement in the cost budget for the Kozienice project.
  • The results of the operational activity and the gross and net values for the year 2017 take into account the negative impact of the loss in the company value in the amount of circa PLN 191 mln.

Selected financial data for 2018 in million PLN
Polimex Mostostal Capital Group

in PLN million 2017 r. 2018 r.
Operating revenue 2 421 1 637
Operating profit - 74 35
EBITDA 146 62
Gross profit - 107 15
Net profit - 137 16

 

Comment

  • The operating income of Polimex Mostostal Capital Group (the „Capital Group”) for the year 2018 was PLN 1,637 billion, which is lower by PLN 784 mln compared to the corresponding income for the previous year. The decrease in the operating profits is largely related to the finalization of the Kozienice project in December 2017 (the PoC was 100% at the end of 2017; during 2017 an income of PLN 471 mln was registered on this contract) and the lower cost processing on the Opole project, which is approaching its final stage of implementation from the standpoint of the already performed tasks (the difference in the income is PLN 381 mln).
  • The Group’s EBITDA in 2018 amounted to PLN 62 mln and is lower by approximately PLN 84 mln compared to the previous year. They key factors contributing to the decrease in the EBITDA indicator in 2018 are the revisions of the cost budgets for the Opole and Żerań projects, compensated by the improvement in the cost budget for the Kozienice project.
  • The results of the operational activity and the gross and net values for the year 2017 take into account the negative impact of the loss in the company value in the amount of circa PLN 191 mln.