Budimex rises as investors eye potential in Poland's military construction

Budimex SA

12/03/2025 12:23

** Shares of Poland's Budimex BDXP.WA rise as much as 8.2% after the construction company said on Tuesday it wants to actively participate in military investment

** Board member Cezary Lysenko said that projects worth 1.5 billion zlotys ($389.88 million), out of the company's backlog of 18 billion zlotys, are military projects

** "I think that until now, the market did not price in any significant growth for the construction sector in the military segment... ," Erste Group analyst Cezary Bernatek tells Reuters

** Bernatek says investors now expect Budimex to potentially benefit from the peace in Ukraine and its reconstruction

** He says the share price hike is also a response to the company's aim to maintain an 8% operating margin

** At 11.28 GMT, shares up 7.45%

($1 = 3.8473 zlotys)

 (Reporting by Anna Banacka and Rafal W. Nowak)

 ((Anna.banacka@thomsonreuters.com; +48 58 769 65 65))