Increase of revenues and secure portfolio
Trakcja Group has summarised the results of its operations for the three quarters of 2017. The revenues from sales amounted to PLN 949.8 million, and they grew by 7% compared to the corresponding period of the previous year. The gross profit from sales was PLN 51.4 million, and it was approximately 53% lower than in the corresponding period of 2016. After three quarters, the Trakcja Group has shown a net profit of PLN 8.3 million, which was 82% lower than the year before. The gross profit of the Group in relation to the results for half of 2017 grew by over PLN 7 million.
“We have good, systematically increasing sales that we owe to our strong position on the railway market and to growing revenues from road and energy projects. The margin after three quarters demonstrates an increase of material prices and subcontractor costs on the Polish market and decreasing margins on the Lithuanian market, where no large tender procedures have been announced yet and where the structure of sales is dominated by smaller contracts – says Jarosław Tomaszewski, president of Trakcja PRKiI, in comment on the results.
The value of the contract portfolio of the Group as of 30 September 2017, excluding the consortium partners, was approximately PLN 2 thousand million (1 945 million). Additionally, the sum of the most advantageous proposals of Trakcja PRKiI is PLN 582 million and, assuming their successful resolution, the company is hoping to significantly increase the backlog.
I find our financial standing to be very good, and having a large potential as a contractor and a number of proven subcontractors, we are prepared for the next round of tender procedures. At the moment, most of our rail contracts are in the initial stage of development. We do not yield to the market pressure, and we always submit proposals with positive margins – adds Jarosław Tomaszewski.
Media Information
Robert Kuczyński
human resources and communication director
Back to list