Revenue and contracts portfolio are increasing - H1 results

In H1 2019 the revenue of the Trakcja Group reached PLN 655.4 and were over 13% higher than in the analogical period of 2018. During this period the Company reported negative profitability at approximately 5.4%. A share of new contracts in the sales structure has recently grown.

“We are consistently stabilizing our economic situation – says the President of the Board, Marcin Lewandowski. We obtained bridge financing and we are on the home straight to ensure full financing of our business. This year we have already signed contracts valued at PLN 470 million, offered on much better terms, and - as the leader of several consortiums - we are waiting for the conclusion of several other agreements valued at almost PLN 960 million in tender procedures where our bids are on top of the list. We are also putting in order our current contracts portfolio - we have concluded a settlement, which terminates of the road contracts, and we are in the process of negotiation the conditions of further cooperation in future tasks.”

Trakcja PRKiI is also exercising its right to claims with the total value exceeding PLN 320 million, of which over PLN 155 million will be claimed in court, and approximately PLN 165 million will be settled through contracts.

Revenue from the Trakcja Group’s foreign business increased by almost 40% in comparison with the analogical period past year, whereas the largest dynamics of revenue growth was reported in Ukraine, Latvia and Sweden.


Media Information

Robert Kuczyński

human resources and communication director

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