Polimex Mostostal had 89.99 million ofe net profit, PLN 164.36 million od EBITDA in 2021

Polimex Mostostal recorded PLN 89.99 million of consolidated net profit attributable to shareholders of the parent company in 2021 compared to PLN 66.23 million of profit a year earlier, the company said in the report.

The operating profit amounted to PLN 127.5 million versus PLN 89.53 million profit a year earlier. Consolidated EBITDA amounted to PLN 164.36 million and was higher than in 2020 by PLN 37.48 million.

Consolidated sales revenues reached PLN 2,304 million in 2021 compared to PLN 1,615.32 million a year earlier.

The largest share in revenues last year had the following segments: Power engineering (PLN 1,052.62 million, increase by 74.6% y / y), Production (PLN 715.76 million, increase by 35.4% y / y) and Oil, gas, chemicals (392, PLN 33 million, an increase by 13.3% y / y).

“In 2021, despite the pandemic, we realized almost 30% of our consolidated revenues abroad. It is worth noting that the level of cash of the entire capital group improves from quarter to quarter, and the net debt currently amounts to PLN -652 million (as at December 31, 2021), i.e. we have a high and safe ratio in which the cash balance significantly to a degree higher than the liabilities (loans, bonds, other interest liabilities) of the capital group. For comparison, at the end of 2020, we had this ratio at the level of PLN -171 million, ”wrote President Krzysztof Figat in a letter to shareholders.

Polimex Mostostal is an engineering and construction company active on the market since 1945. Together with the companies forming the Polimex CG, it provides general contracting services for many industries, including energy, chemistry, refining and petrochemical industry and environmental protection. Its consolidated sales revenues reached PLN 2,304 million in 2021. 

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