17/05/2016 14:29

Sustainable Profitability, Safe Order Backlog

Despite a decline in revenue, profitability remains at its previous level. The Trakcja Group has a safe order backlog and a high level of cash and guarantees.

In Q1 2016, the Trakcja Group generated sales revenue of PLN 140.2 million. The gross profit margin on sales was 11.8% in Q1 2016, compared to 9.7% in the corresponding period of 2015. Delays in the announcement of tenders by PKP PLK S.A., and the resulting lower contracting in previous years, were the main factor behind the decline in revenue at the beginning of 2016.

“Despite the decline in revenue, we maintain good profitability, which means that we are managing costs appropriately. We want to offset lower sales in the rail sector with road and energy contracts, although in the execution of railway orders we plan to maintain our current share.  – says Jarosław Tomaszewski, President of the Management Board of Trakcja PRKiI S.A. Road contracts in Poland and Lithuania account for a growing share of our order backlog, worth almost PLN 1.6 billion at the end of March. We are also gradually winning energy contracts.”

In Q1 2016, companies of the Trakcja Group signed construction contracts with a total value of PLN 80 million (excluding consortium partners). In addition, the total value of bids ranked first in already open tenders amounts to more than PLN 100 million. The Trakcja Group’s current order backlog as at 31 March 2016 ensures full utilisation of production capacity in the current financial year.

At the same time, Trakcja PRKiI’s standalone revenue amounted to PLN 91.03 million, compared to PLN 155.4 million in Q1 2015. Meanwhile, net profit increased to PLN 2.9 million from PLN 2.5 million.

The Trakcja Group currently comprises: Trakcja PRKiI S.A., subsidiaries of the AB Kauno Tiltai Group, and subsidiaries: PEUiM Sp. z o.o., Dalba Sp. o.o., PDM Białystok S.A., PRK 7 Nieruchomości Sp. z o.o. and Torprojekt Sp. z o.o., which are consolidated using the full consolidation method. Bahn Technik Wrocław Sp. z o.o. is consolidated using the equity method.

Informacje dla mediów

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