Aug 22 (Reuters) - Budimex SA BDXP.WA:
REPORTS Q2 NET PROFIT AT 156.2 MILLION ZLOTYS
Q2 REVENUE AT 2.31 BILLION ZLOTYS
Q2 OPERATING PROFIT AT 191.0 MLN ZLOTYS
H1 NET PROFIT AT 270.5 MLN ZLOTYS VS 270.5 MLN ZLOTYS ESTIMATED ON JULY 28
H1 SALES REVENUE AT 3.95 BILLION ZLOTYS VS 3.95 BILLION ZLOTYS ESTIMATED ON JULY 28
H1 OPERATING PROFIT AT 301.9 MILLION ZLOTYS VS 301.9 MILLION ZLOTYS ESTIMATED ON JULY 28
BUDIMEX'S ORDER BACKLOG STANDS AT 17 BLN ZLOTY, SET TO SECURE REVENUES UNTIL END-2027, DRIVEN BY ROAD AND RAIL INFRASTRUCTURE PROJECTS
MANAGEMENT EXPECTS FURTHER GAINS FROM FOREIGN CONTRACTS, NOTABLY THE RAIL BALTICA PROJECT IN ESTONIA AND LATVIA, AS PART OF ITS LONG-TERM DIVERSIFICATION STRATEGY
THE GROUP CITES CONTINUED CAUTION OVER MATERIAL PRICES, CURRENCY SWINGS, AND WORKFORCE AVAILABILITY BUT DOES NOT SEE A DIRECT IMPACT ON OPERATIONS FROM THE WAR IN UKRAINE
BUDIMEX MAINTAINS A CASH POSITION ABOVE 1.8 BLN ZLOTY, REINFORCING ITS OUTLOOK FOR SUSTAINABLE FINANCIAL STABILITY
Source text for Workspace: nEM2SyXB1a
Further company coverage: BDXP.WA
(Gdansk Newsroom)
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