Comment of the Management Board of Mostostal Warszawa S.A. to the results for the first quarter of 2024
For the period of 3 months of 2024, Mostostal Warszawa Capital Group generated sales revenues in the amount of PLN 290 million (in the corresponding period of 2023, revenues amounted to PLN 317 million) and generated a profit on sales of PLN 12 million (in the corresponding period of 2023, the profit on sales amounted to PLN 19 million). In the first quarter of 2024, the Capital Group recorded a gross loss of PLN 6 million (in the corresponding period of 2023, the Capital Group generated a gross profit of PLN 1 million). The cash position of the Capital Group as at March 31, 2024 amounted to PLN 161 million. Employment in the Capital Group amounted to 1,486 employees.
The value of the order portfolio of the Mostostal Warszawa Capital Group as of March 31, 2024 amounted to PLN 3,342 million. In the period from January to the end of March 2024, the Capital Group companies signed contracts with a total value of PLN 297 million.
The size of the Capital Group's portfolio secures its operations for more than 2 years. We take actions to maintain our Capital Group in good condition. We focus primarily on ensuring the highest quality of the services we provide, as well as proper cooperation with our clients and subcontractors. We maintain our diversification activity as a general contractor in the field of infrastructures, general building and energy and industrial sectors.. We also want to be an active participant in the transformation of the Polish energy sector, to support reducing the environmental burden of the energy sector and industry.