High Order Backlog, Quarter Better Than a Year Earlier

Trakcja Group’s construction order backlog at the end of March 2019 amounted to PLN 2.7 billion (excluding consortium partners). In Q1 2019, companies from Trakcja Group signed construction contracts with a total value of PLN 250 million (excluding consortium partners). In addition, the total value of tenders in which the Company submitted the most advantageous offers is more than PLN 1 billion. Trakcja Group’s current order backlog as at 31 March 2019 ensures full utilisation of production capacity in the next financial year.

In Q1 2019, Trakcja Group generated sales revenue of PLN 228.5 million, an increase of 23.4 million compared to the corresponding period of 2018. The gross result on sales improved by PLN 5.2 million compared to the corresponding period of the previous year. The gross margin on sales was -1.2% in Q1 2019, while in the corresponding period of 2018 it reached -3.9%. Trakcja Group recorded a gross loss of PLN 22.5 million for the period from 1 January to 31 March 2019, which was PLN 3.2 million lower than the gross result of Q1 2018. The Group’s net result in the first quarter was -PLN 16.1 million and was better compared to the net loss for the period of Q1 2018 by PLN 6.4 million.

In Q1, Trakcja PRKiI achieved sales revenue of PLN 186.5 million, representing a 9.5% increase compared to the corresponding period of 2018. Gross profit on sales amounted to PLN 6.4 million and was PLN 9.1 million higher than in the corresponding period of the previous year. The increase in the gross margin on sales resulted from a change in the structure of the Company’s contract portfolio, in which the share of high-margin contracts increased in Q1 2019. The gross margin on sales in Q1 2019 reached 3.4% and grew by 5.0 p.p. compared to the margin in Q1 2018. The Company’s net loss for the period of Q1 2019 amounted to PLN 3.3 million and this result was PLN 6.2 million better than in the corresponding period of the previous year.

The factors that had the most significant impact on the level of sales revenue and the results for Q1 2019 were the seasonality of sales characteristic of entities operating in the construction industry, which is marked by a significantly lower level of revenue generated in the first quarter of the year and the generation of a significant part of sales revenue in the second half of the calendar year.

Informacje dla mediów

Robert Kuczyński
dyrektor ds. komunikacji
r.kuczynski@grupatrakcja.com