News
On June 22nd, "Polimex-Mostostal” SA and "GE Power" Sp. z o.o. signed a letter of intent with respect to the construction of Ostrołęka C, a power plant with a capacity of approx. 1,000 MW, enough power for 300,000 Polish homes.
Both companies have agreed that GE Power Sp. will to subcontract for one or more of the following scopes : construction work, delivery of steel structures and assembly of steel structures to Polimex-Mostostal S.A. The two companies may also partner in the area of: project work and other…
The Polimex Mostostal Capital Group published its financial results after the first quarter of 2018. The company generated operating revenues of over PLN 348 million. EBITDA after three months of 2018 for the Company amounted to PLN 11 million, and operating profit PLN 5 million.
Selected financial data of the Polimex Mostostal Capital Group
for the first quarter of 2018 in PLN million
The past three months of 2018 is a period of hard work and difficult decisions for the Capital Group. I am aware that the…
The Supervisory Board of "Polimex-Mostostal" SA adopted a resolution on appointing Mr. Krzysztof Figat to the Management Board, entrusting him with the function of President of the Management Board as of 11 May 2018.
As of 11 May 2018 the Management Board of „Polimex-Mostostal” SA will be composed of the following members:
Krzysztof Figat – President of the Management Board,
Maciej Korniluk - Vice President, CFO,
Przemysław Janiszewski – Vice President, COO.
- “I am very happy to have the trust of the…
"Polimex-Mostostal" SA as the Consortium Leader has made a decision not to appeal against the selection by Elektrownia Ostrołęka of a general contractor for the construction of Ostrołęka C 1000 MW power plant.
Further to Rafako S.A.’s press release published on 16 April 2018, Polimex-Mostostal S.A.’s Management Board announces that, following a detailed analysis of the tender documents related to the settlement of the tender proceedings and selection of GE Power and Alstom Power System by ElektrowniaOstrołęka as…
"Polimex Mostostal” SA’s EBIDTA (earnings before interest, taxes, depreciation and amortization) in 2017 amounted to PLN 66 million, which represents a PLN 147 million increase in comparison with the previous year (2016).
The key factor influencing this change was a significant correction of the gross margin of the Kozienice Project, both in 2017 (PLN 42.3 million increase) and in 2016.
The Polimex Mostostal Capital Group recorded PLN 2.421 billion in consolidated revenues. The Capital Group’s EBIDTA (earnings…
PERN S.A. executed an agreement with Naftoremont-Naftobudowa sp. z o. o., a company that is part of the Polimex Mostostal capital group (GK). The subject-matter of the investment’s implementation is the construction of four liquid fuel storage tanks with a total volume capacity of 128,000 m3, in the following sequences: two 32,000 m3 tanks in the Fuel Base No 1 in Koluszki and two 32,000 m3 tanks in the Fuel Base No 2 in Nowa Wieś Wielka.
Both construction projects will be implemented jointly with the company…
The Supervisory Board of "Polimex-Mostostal" SA adopted a resolution on appointing Mr. Maciej Korniluk to the Management Board, entrusting him with the function of Vice President of the Management Board as of 8 January 2018.
New Member of the Management Board of "Polimex-Mostostal" SA.
The new Member of the Management Board was appointed for a three-year joint term. He will be responsible for overseeing the finances of Polimex Mostostal Capital Group.
As of 8 January 2018 the Management Board of "Polimex-…
On 19 December 2017 an official ribbon-cutting ceremony of one of the most important investment projects on the Polish energy market has taken place. The project, implemented in the EPC-formula (Engineering, Procurement, Construction) by Polimex-Mostostal, involved the construction of a new 1,075 MW coal-powered unit, operating on supercritical steam parameters, at Enea’s power plant in Kozienice. This is the largest and the most modern facility of this type in Europe.
Grupa Enea is opening a new chapter in the…
The Extraordinary General Meeting of Polimex-Mostostal’s shareholders has appointed Andrzej Józef Kania member of Polimex-Mostostal’s supervisory board.
For many years Mr. Kania has been associated with the fuel and energy sector as a manager, member of several supervisory boards and adviser to the Minister.
From May of this year, Mr. Kania has served as a member of the management board in charge of technical issues at Biuro Studiów i Projektów Gazownictwa GAZOPROJEKT S.A. (Office of Gas Industry Studies and…
Polimex Mostostal Capital Group published its financial results after three quarters of 2017. The Company recorded operating income of PLN 1.672 billion. After nine months of 2017, the Company’s EBIDTA (earnings before interest, taxes, depreciation and amortization) amounted to PLN 88 million, with PLN 66 million in operating profits.
Our financial results for the past nine months of 2017 indicate that the Company is moving in the right direction.
We are already entering the operation stage of the…