Budimex expects to maintain high revenues in 2022

Budimex expects to maintain high revenues in the current year and achieve profitability higher than the market, informed Artur Popko.


“(…) Looking at the current order backlog, we expect that the next quarters, and consequently the entire year 2022, should bring the maintenance of a high level of sales. Last year, we also completed several difficult contracts, which should allow us to achieve profitability above market rates, “Popko wrote in the commentary on the results for 2021.

Last year, Budimex recorded an increase in sales revenues. Revenues in the service segment for another year in a row grew at a double-digit pace (+ 28%), while in the construction part it recorded a slight decrease (-3%), and in Q4 alone, as expected, revenues in the construction part were higher by 7% compared to the same period of the previous year.

Budimex has been listed on the Warsaw Stock Exchange since 1995. Its strategic investor is the Spanish company Ferrovial. In 2021, it had PLN 7.91 billion in consolidated revenues.

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