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Larger portfolio, increase of incomes, improvement of margins within the second quarter

Within the 1st six months of 2018, Trakcja Group has reached the income at the level of 578.9 million PLN which was higher by 7.7% comparing to analogical period of the previous year. Profit margin gross on sales within the period in question amounted 1.9% and it was lower by 3.6% comparing to the same period in 2017. Within the 1st six months of 2018, Trakcja PRKiI has reached the income on sales in amount of 412.3 million PLN which was higher by 28.0% comparing to analogical period of the previous year. Profit margin gross on sales within the first six months of this year amounted 0.8% and it was lower by 4.4% comparing to previous year.

In the second quarter of 2018, comparing to the first quarter of this year, significant improvement of profitability was noticed, including gross margin on sales from -3.9% to 5.0% at Trakcja Group and at Trakcja PRKiI from -1/6% to 2.5%, however net profit from -22.5 million PLN to 1.9 million PLN at Trakcja Group and from -9.6 million PLN to 11.0 million PLN at Trakcja PRKiI.

Within the first six months of 2018, companies of Trakcja Group have signed construction contracts of total value of 699 million PLN (excluding consortium members). Portfolio of construction orders of Trakcja Group as per 30 June 2018 amounted 2.03 billion PLN (excluding consortium members), and of Trakcja PRKiI as per 30 June 2018 amounted 1.54 billion PLN, where 327 million PLN represents the contracts signed within the first six months of 2018 and the expected average margins exceed the current ones.

Moreover, between 30.06.2018 and the date of publishing the report, Trakcja PRKiI has signed a series of contracts of value over 1 billion PLN, which include among other things:

  • construction of an express road S61 section where the company will implement an investment for 251 million PLN,
  • construction of Szczecińska Kolej Metropolitalna using the existing sections of railway lines of value 481 million PLN,
  • modernization of railway tracks along the section of railway line Poznań Główny - Rokietnica - 292 million PLN.

Important achievements of Trakcja Group within 6-month period that ended on 30 June 2018 included:

  • gross profit on sales within six months of 2018 that amounted 10.9 million PLN,
  • signing new contracts of value 699 million PLN (excluding consortium members),
  • provision of guarantee facilities availability - as per 30 June 2018 - Trakcja Group companies had free guarantee facilities at the level of 670 million PLN.

 

Media Information

Robert Kuczyński

human resources and communication director

r.kuczynski@grupatrakcja.com

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