News
On December 28, 2020, Polimex Mostostal S.A. made an early repayment of the entire balance sheet debt towards banks that are parties to the Agreement on the principles of servicing its financial debt, concluded by the Company on December 21, 2012. Due to the satisfaction of bank liabilities in the total amount of PLN 80.4 million, the restructuring agreement has expired, which definitely ends the period financial restructuring of Polimex Mostostal SA started in 2012.
The total repayment of the restructuring…
Naftoremont-Naftobudowa, a company belonging to the Polimex Mostostal Capital Group, concluded on October 7 this year an agreement with PKN ORLEN S.A. for the implementation of the task in the EPC formula "Planned overhaul of the Installation Olefin 2 at ZP PKN ORLEN S.A. in Płock ".
“Plenty of years we cooperate with PKN ORLEN. The overhaul planned of the basic installation of the petrochemical complex at the production plant of Olefin 2 in Płock is the next, but today the largest project for us, carried out…
Polimex Mostostal Capital Group has published the financial results for the first half of 2020.
In spite of the persistent COVID-19 pandemic and the resulting challenges in the construction industry, the consolidated revenues of Polimex Mostostal Capital Group in the first half of 2020 amounted to PLN 724 million.
The EBITDA ratio of the Capital Group for the first six months of 2020 was PLN 50 million (which constitutes an EBITDA margin at the level of 6.9%) and is higher by PLN 37 million compared to the…
Siemens Energy and Siemens Gas and Power GmbH & Co. KG have concluded an agreement on cooperation in the EU countries with Polimex Mostostal Capital Group
The companies will work in partnership in the process of acquiring selected contracts and during their implementation and procurement planning. The letter of intent has been concluded with regards to the construction of the gas and steam power units implemented by Siemens Energy in the European Union.
“The strategy of Siemens Energy Poland is to support…
Polimex Mostostal Capital Group has published positive financial results after the first quarter of 2020.
In spite of the COVID-19 pandemic and the resulting difficulties on the market and in the construction industry, the consolidated revenues of Polimex Mostostal Capital Group were reported at the level of PLN 351 million.
The positive EBITDA of the Capital Group for the first three months of 2020 was PLN 17 million (which constitutes an EBITDA margin at the level of 5%) and is higher by PLN 20 million…
Polimex Mostostal Capital Group has published its financial results for the year 2019. In spite of the adverse circumstances that affected the construction industry, the consolidated revenue of Polimex Mostostal Capital Group in 2019 amounted to approximately PLN 1.589 billion.
The positive EBITDA of the Capital Group for the year 2019 was PLN 96 million (which constitutes an EBITDA margin at the level of 6%) and is higher by PLN 34 million compared to the corresponding result in 2018.
The total net income of…
On 27 March 2020 Naftoremont Naftobudowa Sp. z o.o., an entity of Polimex Mostostal Capital Group, concluded an agreement with PKN Orlen for the execution of the infrastructure works on the "Visbreaking Installation in the Production Plant in Płock".
The remuneration for the performance of the project is flat rate and amounts to PLN 106.8 million net. The agreement stipulates additional remuneration in the maximum amount of PLN 13.15 million net in case there is a necessity to execute certain scopes that are…
The contract signing ceremony for the construction of two modern, high-performance and low-carbon generating units at the Dolna Odra Power Plant that took place on 30 January 2020 was attended by many notable guests, including President of the Republic of Poland Andrzej Duda, the Deputy Prime Minister and Minister for State Assets Jacek Sasin, the Minister for Climate Michał Kurtyka, the US Ambassador to Poland Georgette Mosbacher, as well as local Members of Parliament, representatives of voivodeship and local…
Pursuant to the applicable provisions of the Agreement on the Management of Financial Debt of 21 December 2012, as amended, between Polimex Mostostal S.A. and, inter alia, the following banks: PKO BP S.A., PKO S.A. and BOŚ S.A., as well as the Agreement of 20 June 2017 concluded with Bank Millennium S.A., the Company informs that as of 31 December 2019 it repaid the loan receivables in the total amount of PLN 95.5 million, which constitutes 50% of the outstanding balance resulting from the above-mentioned…
On 3 December 2019 the Consortium comprising of Polimex Mostostal S.A. (as the Consortium leader) and its subsidiary Polimex Infrastruktura Sp. z o.o. (as the Consortium partner) concluded an agreement with the City of Konin – the Municipal Road Authority for the implementation of the largest infrastructure investment in the area in 12 years: “The construction of the connection between the Paderewski street with the Wyzwolenia street in Konin in relation to the modernization of the E-20 railway line”.
The gross…