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The Trakcja Group - significant advancement on the Rzeczpospolita "List 500”

The Trakcja Group went up 50 places on the list of 500 largest companies prepared by the Rzeczpospolita daily. The rank prepared based on the 2013 results, the group moved up to position 186 from number 236 it took last year. During the past year, the Trakcja Group increased its sales by 24.4% and generated an increase in net result by PLN 50.4 million.

The Trakcja 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 spite of the significantly difficult year for the construction sector, accompanied by falling revenues of most companies, in 2013 the Trakcja Group reported an increase in revenues by 24.4% and improvement of the net result by PLN 50.4 million. This was a result of extensive restructuring activities undertaken in 2012. They included financial restructuring - exchanging bonds to shares, which decreased our financial costs. We also simplified the structure of the company, liquidating several organizational units and reducing the headcount. Additionally, we sold a part of non-productive assets and real estate; we introduced numerous organizational solutions such as a change of the contracts and claims management system, centralization of procurement, and a new incentive system. Reorganization also included a merger with a subsidiary, PRKiI in Wrocław.” – says Roman Przybył, the President of Trakcja PRKiI S.A.

The undertaken changes were noticed by the capital market. This is proven, amongst others, by the over quadruple increase of the listing of the company shares from April to November, whereas during the entire 2013 the company shares increased by over 200%. From December 2013, the listing of the shares of Trakcja PRKiI S.A. is included in the mWig 40 index at the Warsaw Stock Exchange.

Media Information

Robert Kuczyński

communications manager

r.kuczynski@grupatrakcja.com

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