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November 21, 2014 Diamond Explorers
Diamond Explorers

On 21 November 2014, at the initiative of the rector of Bialystok University of Technology and in collaboration with 14 companies representing
various industries, the Diamond Explorers Association was established.

Budimex will construct the ring road of Jarocin.

On the 18th of November Budimex signed the agreement with the Poznań branch of the General Inspectorate of National Roads and Motorways for the design and construction of the ring road of Jarocin. The value of the contract is PLN 238.5 million net.

Międzyrzecz will have an express ring road

On the 17th of November 2014, consotrium of Budimex (95%) and Ferrovial Agroman (5%) signed the agreement with the General Directorate for National Roads and Motorways, Branch in Zielona Góra for construction of the second lane of the Międzyrzecz ring road.

Budimex on the podium in the Universum TOP 100

Budimex was ranked second in the Engineer category in the Universum TOP 100 2014 rating published by Newsweek.

Augustów ring road is already open

The Augustów ring road was commissioned on 7 November 2014. The road has been designed and constructed by Budimex SA to the order of the General Directorate for National Roads and Motorways in Białystok.

Budimex awarded Polish Infrastructure Congress 2014

The editors of Rynekinfrastruktury.pl, in cooperation with the Initiative for Infrastructure Association, recognised Budimex and its President, Dariusz Blocher, during the 2nd Polish Infrastructure Congress, which took place on 5 November 2014 in Krakow.

Budimex signed contract for S7 Miłomłyn–Ostróda

On 5 November 2014, Budimex signed a contract for the construction of the 9.4 km-long section of expressway S7 between Miłomłyn and Ostróda with the General Directorate for National Roads and Motorways in Olsztyn.

Road from Zagórz to Komańcza commissioned

Nearly 29 kilometers of voivodeship road No 892 were officially opened on 3 November 2014. In Zagórz the road is connected with the national road from Sanok to Krościenko, and in Komańcza with the voivodeship road between Tylawa and Ustrzyki Górne.

Commentary on financial data from the consolidated financial statements of Budimex Group for three quarters of 2014

The third quarter of 2014 is another quarter in which the Budimex Group recorded an improvement of sales and operating profitability as compared to the same period of the previous year. The Group maintains a high level of cash. Owing to the positive trend in the housing market, we were able to achieve a high level of pre-sales of flats, and the contracts signed in the third quarter allowed us to rebuild the order book.

 

The Social Insurance Institution supports the ideas of the Construction Safety Alliance

On 20 October 2014, the Social Insurance Institution and the Construction Safety Alliance signed a letter of intent, which initiated cooperation between the institution and beneficiaries of the Construction Safety Alliance within the scope of improving safety in the group of small and medium enterprises — subcontractors of large construction companies.

Comments on the financial data for the first half of 2014

Year 2014 is the first year of the new EU budget for 2014-2020. Building a portfolio of orders for future years by obtaining ...

Comments for the 1st quarter 2014

Budimex Group sales in the first quarter of 2014 amounted to 834 million dollars. In the first quarter of 2013 it was 853 million ...

New member of the Supervisory Board of Budimex SA

The Management Board of Budimex SA announces that on 29 January 2014, in relation to the resignation of Mr. Tomasz Siedlicki from his function in the Supervisory Board of Budimex SA as of 7 January 2014, it has decided to co-opt Mr. Janusz Dedo.

Comments from Dariusz Blocher, President of the Management Board of Budimex SA, on selected financial data from the consolidated Financial Statements of the Budimex Group for the 3rd quarter 2013

The improving situation on the market results in decreasing the sales decline for the first and second quarter of this year of the Budimex Group, which in the third quarter amounted to 19% with sales of 1 368 million zł.
 

Comments from Dariusz Blocher, President of the Management Board of Budimex SA, on selected financial data from the consolidated Financial Statements of the Budimex Group for the first half 2013

In the first half of the year the Budimex Group reported operating profit at a level higher than in the same period last year, increasing profitability from 2.0% to 4.2%. The Group has also improved profitability at all other levels.
 

Comments for the 1st quarter 2013

The decrease in sales in the construction segment has structured its results. In the first quarter 2013 in this segment the operating profit and profit before tax was of EUR 14 million zł and a net profit of 10 million zł, compared to profit at the level of 31 mln zł, 38 million and 29 million zł zł in the same period of 2012.
 

The Management Board and the Supervisory Board recommend to cover the losses brought forward totalling PLN 147,636 thousand from the supplementary capital, generated by the share premium, which as of 31 December 2012 was PLN 225,755 thousand. Once the loss has been covered, the supplementary capital, generated by the share premium will amount to PLN 78,119 thousand.

Comments from Dariusz Blocher, President of the Management Board of Budimex SA, on selected financial data for 2013

Sales declines in 2013 are not a surprise to the market. It's the year of the expected slowdown and waiting for a new EU budget for 2014-2020, which was finally approved in November of 2013.
 

February 18, 2013 Comments for the 2012
Comments for the 2012

In 2012, the Group reported record sales realized at the level of 6.078 million zł, more than 10% higher than the sales achieved in the corresponding period of 2011 despite the fact that construction and assembly production in the period fell by -1.1%.
 

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