Trakcja Group Makes a Big Leap Up Rzeczpospolita’s “List of 500”

Trakcja Group has moved up as many as 50 places in the ranking of the 500 largest companies prepared by the daily Rzeczpospolita. In the ranking compiled on the basis of results achieved in 2013, the Group moved up to 186th position from 236th place in the previous year’s ranking. Last year Trakcja Group increased revenue from sales by 24.4% and achieved a net result improvement of PLN 50.4 million.

Trakcja Group is among the leaders of the railway construction sector in Poland and Lithuania. The Group comprises: Trakcja PRKiI S.A. (the parent company), PRK 7 Nieruchomości sp. z o.o., Torprojekt sp. z o.o. Bahn Technik Wrocław sp. z o.o., and the Lithuanian AB Kauno Tiltai Group. Nearly 64% of revenue is generated in Poland, the remainder in Lithuania. 

Despite an exceptionally difficult year for the construction industry, accompanied by falling revenues at most companies, Trakcja Group recorded in 2013 a 24.4% increase in revenue and a net result improvement of PLN 50.4 million. This was the result of extensive restructuring measures undertaken in 2012. These measures included financial restructuring – the conversion of bonds into shares, which lowered our financial costs. We also simplified the Company’s structure, liquidating several organisational units and reducing the related employment. We also sold part of our non-productive assets and real estate and introduced a number of organisational solutions, including: a change in the contract and claims management system, centralisation of purchasing and a new incentive system. The merger with the subsidiary PRKiI in Wrocław was also part of the reorganisation.” – says Roman Przybył, President of the Management Board of Trakcja PRKiI S.A.

The changes were positively noted by the capital market. Evidence of this was, among other things, a more than fourfold increase in the Company’s share price from April to November, while over the whole of 2013 the Company’s shares rose by more than 200%. Since December 2013, the shares of Trakcja PRKiI S.A. have been included in the mWIG40 index on the Warsaw Stock Exchange.

Media Information

Robert Kuczyński
Director of Communications
r.kuczynski@grupatrakcja.com