Comment of the Management Board of Mostostal Warszawa S.A. to the results for the third quarter of 2023
For the period of 9 months of 2023, the Mostostal Warszawa Capital Group generated sales revenues in the amount of PLN 1,224 million (in the corresponding period of 2022, revenues amounted to PLN 1,171 million) and generated a profit on sales of PLN 65 million (in the corresponding period of 2022, the profit on sales amounted to PLN 81 million) and gross profit of PLN 9.6 million (in the corresponding period of 2022, gross profit amounted to PLN 15.9 million). The cash position of the Capital Group at September 30, 2023 was amounted to PLN 94 million. Employment in the Capital Group amounted to 1,516 employees.
The value of the order portfolio of the Mostostal Warszawa Capital Group as of September 30, 2023 amounted to PLN 3,531 million. In the period from January to the end of September 2023, the Capital Group companies signed contracts with a total value of PLN 467 million.
The Group has recently made a number of investments (expenditures for 9 months of 2023 amounted to PLN 59 million), which are mainly related to expenditure on new fixed assets related to ongoing road contracts, including those related to the construction of the S19 expressway between Rzeszów and Babica. The purchases were completed without increasing financial debt.
The size of the Capital Group's portfolio secures its operations for almost three 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 active but safe bidding, taking into account price increases and the availability of qualified employees. We also want to be an active participant in the transformation of the Polish energy sector, using our own work and experience as well as that of our strategic partner - Acciona - to support reducing the environmental burden of the energy sector and industry.
The condensed interim consolidated financial statements of the Mostostal Warszawa Capital Group for the third quarter of 2023 are available on the website mostostal.waw.pl in the Periodic Reports tab.