News

Trakcja PRKiI S.A. will modernize a fragment of Warsaw Skierniewice line

28.03.2014

A consortium of contractors responsible for the modernization of the Warsaw – Skierniewice railway line concluded a subcontracting agreement with Trakcja PRKiI S.A. for the performance of a part of the works valued at over PLN 77 million.

The Trakcja Group is strengthening the position of the leader of railway construction

25.03.2014

The year 2013 was a period of financial, organizational and property restructuring, resulting in significant improvement of financial results – says Roman Przybył, the President of Trakcja PRKiI S.A. In comparison to the previous year, the Group improved its financial result by over PLN 50 million, generating net profit of almost PLN 37.9 million, whereas a year before it reported a loss in the amount of almost PLN 12.5 million. As a result of bonds conversion, we decreased debt by PLN 100 million, simultaneously raising the capital. We also obtained additional credits to finance the record portfolio of contracts, and we obtained bank guarantees necessary to participate in future tenders. At the same time, we signed more contracts valued at over PLN billion. The key factor concerning group results was the result of the dominant entity, Trakcja PRKiI S.A., which generated revenues of over PLN 988 million, and net profit of PLN 26.2 million.” The Trakcja PRKiI SA Group is amongst the leading railway construction companies in Poland and in Lithuania. The Group is composed of: Trakcja PRKiI S.A. (the dominant company), PRK 7 Nieruchomości sp. z o.o., Torprojekt sp. z o.o. Bahn Technik Wrocław sp. z o.o., and the Lithuanian Group - AB Kauno Tiltai. Almost 64% of revenue is generated in Poland, the remaining part in Lithuania. In Poland, largest part of revenues is generated by Trakcja PRKiI S.A - almost PLN 988 million (increase by 24% in comparison to the previous year), of which 92% is derived from track and bridge works, and the remaining part derives from other activity such as production of switchgears, traction network elements, construction of transport grids and trolleybus networks. The Company conducts modernization and revitalization projects concerning most important railway lines, including: Kraków - Rzeszów, Wrocław - Poznań, Warsaw - Gdynia, Częstochowa - Opole, at the Łódź - Widzew station, and in several dozen other locations in the country. For this purpose, the company uses its own equipment and qualified personnel, and it takes advantage of over 60 years of experience in execution of such tasks. In 2013, all profitability indicators of Trakcja PRKiI S.A. improved significantly. - EBIDTA amounted to PLN 38 344 million (- 25 649 in 2012), net margin profit at 2.7 % (-7.3 % in 2012), whereas return on equity at 5.5% (-13.2 % a year before). At the end of the year, the merger of Trakcja S.A. with its subsidiary PRKiI Wrocław S.A. was finalized. The decision on the merger and reorganisation was made in order to improve management of entities in the Trakcja Group. In this manner, costs of activity were decreased, at the same time raising effectiveness. The merger of the companies also brings some financial savings in the administration and organisation areas thanks to the reduction in the number of the management and supervisory bodies. The undertaken changes were noticed by the capital market. This was proven by the over quadruple increase in the listing of shares of Trakcja S.A (from 19 December 2013 - Trakcja PRKiI S.A.) during merely 7 months of 2013, and inclusion of the company in the index mWig 40 at the Warsaw Stock Exchange. Media Information Robert Kuczyński communications manager r.kuczynski@grupatrakcja.com

PLN 15 million for Trakcja PRKiI for additional works at the Łódź Widzew station

10.03.2014

In the Łódź area, Trakcja PRKiI S.A. is currently performing two investment works: modernization of the Łódź Widzew station, and construction of backup facilities of the Łódź Agglomeration Railways (Łódzka Kolej Aglomeracyjnej). In consideration of the need to make the railway infrastructure available for ŁKA, after localizing the currently constructed backup facilities, geometry was developed, which allows handling ŁKA trains without any negative effect for handling trains of other carriers. In addition, the geometric layout of tracks foresees commodity traffic, including exceeded loading gauge, without affecting passenger traffic. For ŁKA traffic needs, graded tracks were also designed heading towards the Eastern interchange head and along line no. 16. The adopted track layout solution enables easy and safe ride of commodity trains with exceeded loading gauge without the need to maneuver trains. It also allows ŁKA trains to enter and exit line tracks towards Łódź Fabryczna, as well as entry and exit line no. 540 tracks towards the Łódź Chojny station, and the line no. 16 track towards the Zgierz station. Additionally, this enables avoiding train maneuvers at the station, and crossing over the station towards individual platforms. Adopted solutions will substantially facilitate train maneuvers and will shorten the time for preparing trains for the ride. The value of the contract concluded at the end of February is PLN 15,469,388.14 net, PLN 19,027,347.41 gross, and works under the contract will be completed by 30 September 2015. Media Information Robert Kuczyński communications manager r.kuczynski@grupatrakcja.com

25.02.2014

Publication deadlines for interim reports of Trakcja PRKiI S.A. in 2014

31.01.2014

The Management Board of Trakcja PRKiI S.A. announces the deadlines for publication of 2014 interim reports.

The National Court Register registered the merger of Trakcja and PRKiI

01.01.2014

On 19 December 2013, Trakcja PRKiI Spółka Akcyjna was entered in the National Court Register. Two companies specializing in modernization of railway lines, and building civil engineering and power grid facilities established one entity.