News
Once again Polimex Mostostal presents its positive financial results - this time, the Capital Group sums up its activity in 2020 year.
Polimex Mostostal Capital Group presents its annual financial figures. Polimex Mostostal Capital Group's operating income for 2020 amounted to PLN 1,615 million and is higher by PLN 26 million compared to 2019. EBITDA of the Capital Group amounted to PLN 127 million in 2020 and is higher by PLN 31 million compared to 2019.
The Group's 2020 net result of PLN 63 million is PLN 12…
The Management Board of Polimex Mostostal on 1 April this year signed an agreement to acquire shares of Instal-Lublin S.A. and thus expanded the offer of the Capital Group to the installation industry services.
"We assume that the entry of Instal-Lublin into the structure of the Polimex Mostostal Capital Group will impact on the synergy between our companies. We want to use the resources and know-how of Instal- Lublin for the installation of HVAC systems in our energy projects, including among others: the …
On December 28, 2020, Polimex Mostostal S.A. made an early repayment of the entire balance sheet debt towards banks that are parties to the Agreement on the principles of servicing its financial debt, concluded by the Company on December 21, 2012. Due to the satisfaction of bank liabilities in the total amount of PLN 80.4 million, the restructuring agreement has expired, which definitely ends the period financial restructuring of Polimex Mostostal SA started in 2012.
The total repayment of the restructuring…
Naftoremont-Naftobudowa, a company belonging to the Polimex Mostostal Capital Group, concluded on October 7 this year an agreement with PKN ORLEN S.A. for the implementation of the task in the EPC formula "Planned overhaul of the Installation Olefin 2 at ZP PKN ORLEN S.A. in Płock ".
“Plenty of years we cooperate with PKN ORLEN. The overhaul planned of the basic installation of the petrochemical complex at the production plant of Olefin 2 in Płock is the next, but today the largest project for us, carried out…
Polimex Mostostal Capital Group has published the financial results for the first half of 2020.
In spite of the persistent COVID-19 pandemic and the resulting challenges in the construction industry, the consolidated revenues of Polimex Mostostal Capital Group in the first half of 2020 amounted to PLN 724 million.
The EBITDA ratio of the Capital Group for the first six months of 2020 was PLN 50 million (which constitutes an EBITDA margin at the level of 6.9%) and is higher by PLN 37 million compared to the…
Siemens Energy and Siemens Gas and Power GmbH & Co. KG have concluded an agreement on cooperation in the EU countries with Polimex Mostostal Capital Group
The companies will work in partnership in the process of acquiring selected contracts and during their implementation and procurement planning. The letter of intent has been concluded with regards to the construction of the gas and steam power units implemented by Siemens Energy in the European Union.
“The strategy of Siemens Energy Poland is to support…
Polimex Mostostal Capital Group has published positive financial results after the first quarter of 2020.
In spite of the COVID-19 pandemic and the resulting difficulties on the market and in the construction industry, the consolidated revenues of Polimex Mostostal Capital Group were reported at the level of PLN 351 million.
The positive EBITDA of the Capital Group for the first three months of 2020 was PLN 17 million (which constitutes an EBITDA margin at the level of 5%) and is higher by PLN 20 million…
Polimex Mostostal Capital Group has published its financial results for the year 2019. In spite of the adverse circumstances that affected the construction industry, the consolidated revenue of Polimex Mostostal Capital Group in 2019 amounted to approximately PLN 1.589 billion.
The positive EBITDA of the Capital Group for the year 2019 was PLN 96 million (which constitutes an EBITDA margin at the level of 6%) and is higher by PLN 34 million compared to the corresponding result in 2018.
The total net income of…
On 27 March 2020 Naftoremont Naftobudowa Sp. z o.o., an entity of Polimex Mostostal Capital Group, concluded an agreement with PKN Orlen for the execution of the infrastructure works on the "Visbreaking Installation in the Production Plant in Płock".
The remuneration for the performance of the project is flat rate and amounts to PLN 106.8 million net. The agreement stipulates additional remuneration in the maximum amount of PLN 13.15 million net in case there is a necessity to execute certain scopes that are…
The contract signing ceremony for the construction of two modern, high-performance and low-carbon generating units at the Dolna Odra Power Plant that took place on 30 January 2020 was attended by many notable guests, including President of the Republic of Poland Andrzej Duda, the Deputy Prime Minister and Minister for State Assets Jacek Sasin, the Minister for Climate Michał Kurtyka, the US Ambassador to Poland Georgette Mosbacher, as well as local Members of Parliament, representatives of voivodeship and local…