Commentary of the Management Board of Mostostal Warszawa S.A. on the results for IH23
Mostostal Warszawa Group for the 6 months of 2023 generated sales revenues of PLN 775 million (in the corresponding period of 2022, revenues amounted to PLN 716 million) and generated sales profit of PLN 43 million (in the corresponding period of 2022, sales profit amounted to PLN 39 million) and gross profit of PLN 6.5 million (in the corresponding period of 2022, gross profit was PLN 1.4 million). The Group's cash position as at 30.06.2023 amounted to PLN 112 million. The Group's workforce amounted to 1,526 employees.
The value of Mostostal Warszawa Capital Group's order portfolio as at 30.06.2023 was PLN 3,787 million. Between January and the end of June 2023, Group companies signed contracts worth a total of PLN 347 million.
The Group has recently made a number of investments in equipment (expenditure in the order of PLN 43 million) with the main purpose of realising the largest contract in its portfolio, i.e. the construction of the tunnel along the S19 Rzeszów Południe-Babica road, without increasing its financial debt.
The size of our diversified portfolio, secures the Group's business for almost three years. We take measures to keep our Group in good shape. Our main focus is on ensuring the highest quality of our services, as well as proper cooperation with our customers and subcontractors. We maintain active but secure bidding, taking into account price increases and the availability of skilled workers. We also want to be an active participant in the transformation of the Polish energy sector, with our own work and experience, as well as that of our strategic partner - Acciona, to support the reduction of the environmental nuisance of energy and industry.