Financial indicators
Selected financial data for half of 2018 in PLN million
Polimex Mostostal Capital Group
in PLN million |
I H 2017 r. |
I H 2018 r. |
|---|---|---|
| Operating revenue | 1 134 | 810 |
| Operating profit | 63 | -7 |
| EBITDA | 75 | 6 |
| Gross profit | 49 | -17 |
| Net profit | 35 | -21 |
Comment
- Operating revenues of the Polimex Mostostal Capital Group ("Capital Group") in the first half of 2018 amounted to PLN 810 million and were lower by PLN 324 million compared to the same period in 2017. The downward trend in operating revenues results primarily from the successive settlement of strategic contracts carried out by the Capital Group (Project Opole, Kozienice Project - completed in December 2017).
- EBITDA of the Capital Group in the first half of 2018 amounted to PLN 6 million and is lower by PLN 69 million as compared to a similar period in the previous year. The key factor affecting the difference was the overestimation of the cost budgets of the Żerań project (impact on EBITDA of PLN -57.6 million and Kozienice + PLN 30.1 million).
Selected financial data for first half of 2018 in PLN million
"Polimex-Mostostal" SA
| in PLN million | I H 2017 r. | I H 2018 r. |
|---|---|---|
| Operating revenue | 611 | 230 |
| Operating profit | -2 | -18 |
| EBITDA | 2 | -17 |
| Gross profit | 41 | -13 |
| Net profit | 27 | 0 |
Comment
- Operating income of "Polimex-Mostostal" SA ("Company") in the first half of 2018 amounted to PLN 230 million and was lower by PLN 381 million compared to the same period in 2017. Similarly as in the case of the Capital Group, the downward trend in operating revenues results above all, from the successive settlement of strategic contracts implemented by the Company (Project Opole, Kozienice Project - completed in December 2017).
- EBITDA of the Company in the first half of 2018 -17 million PLN and is lower by 19 million PLN compared to a similar period in the previous year. The EBITDA value in the first half of 2018 was significantly affected by overestimation of the cost budgets of the Żerań project (impact on EBITDA of PLN -57.6 million and Kozienice + PLN 30.1 million).