Sustainable profitability, safe portfolio
In spite of a drop in revenues, profitability remains at the same level. The Trakcja Group has a secured portfolio of contracts, and a high level of cash and guarantees.
In Q1 2016, the Trakcja Group generated sales at the level of PLN 140.2 million. The gross sales profit margin was at 11.8% in Q1 2016, in comparison with 9.7% in the corresponding period of 2015. A drop in revenues at the beginning of 2016 was mainly affected by delays in announcement of tenders by PKP PLK S.A. and, in consequence, lower contracting in previous years.
"In spite of a drop in revenues we have maintained good profitability, which means that we manage costs in a proper manner. We would like to compromise lower sales in the railway sector with road and energy contracts, whereas in terms of railway contracts we plan to maintain the current share. – says Jarosław Tomaszewski, the President of the Board of Trakcja PRKiI S.A. The share of road contracts in Poland and Lithuania is increasing in our portfolio, worth almost PLN 1.6 billion at the end of March. We are also gradually winning energy contracts.”
During Q1 2016, Trakcja Group companies signed construction contracts with the total value of PLN 80 million (excluding consortium members). In addition, the total value of top-listed offers in open tenders is at over PLN 100 million. The current portfolio of contracts of the Trakcja Group as at 31 March 2016 ensures full use of the production capacity in this financial year.
During this time, individual revenues of Trakcja PRKiI amounted to PLN 91.03 million, in comparison with PLN 155.4 million in Q1 2015. At the same time, net profit increased to PLN 2.9 million from PLN 2.5 million.
The Trakcja Group is currently composed of: Trakcja PRKiI S.A., subsidiaries from the AB Kauno Tiltai Group, and the following subsidiaries: PEUiM Sp. z o.o., Dalba Sp. o.o., PDM Białystok S.A., PRK 7 Nieruchomości Sp. z o.o. and Torprojekt Sp. z o.o., which are fully consolidated companies. Bahn Technik Wrocław Sp. z o.o. is consolidated pursuant to the equity method.
Media Information
Robert Kuczyński
communications manager
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