Commentary of the Management Board of Mostostal Warszawa S.A. on the results for the first half of 2021
In the first half of 2021, the Mostostal Warszawa Capital Group generated sales revenues in the amount of PLN 556 million and generated a gross profit of PLN 24 million. The financial debt was significantly reduced as a result of the repayment of the loan in the amount of PLN 71 million. The Group's cash position at the end of the first half of 2021 remained at the level of PLN 144 million which, combined with a strong production potential, gives promising prospects for the coming months. Employment reached the level of 1 455 employees, remaining at a similar level compared to the level in 2020.
The value of the Group's portfolio of orders at the end of H1 2021 amounted to PLN 3,542 million.
In the first half of 2021, the companies of the Capital Group signed contracts worth PLN 1,064 million.
The Group monitors the impact of the SARS-CoV-2 pandemic on its current operations, financial condition and operating results. Instructions on how to deal with the risks of delays or increased costs have been implemented to mitigate their impact, if they occur.
The goal of the Mostostal Warszawa Capital Group for the coming months are to maintain the contracting level adequate to the potential of the companies making up the Group, maintaining the profitability of implemented projects at the current level, reducing debt and reducing the value of court disputes.