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BDX — Budimex SA News Story

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Brief: Budimex Q2 Net Profit At 156.2 Mln Zlotys

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)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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