Pekabex expects a stable portfolio in general contracting

Pekabex expects that the portfolio of orders in general contracting (GW) will be stable for the rest of this year, and in prefabrication – it will increase, board members informed. On the other hand, the prefabrication margin may drop temporarily this year.

“GW’s portfolio is more full than prefabrication,” said Vice President Beata Żaczek during a press conference.

“That is changing, and quite positively. As a general contractor, it really looks like we will be quite stable in terms of turnover, and from the prefabrication point of view, I also think that this portfolio will be full,” added Tomasz Seremet, board member.

“You can see the reflection. I do not know what the portfolio will look like in the second half of the year, but it seems that it will return to the levels we had,” added Żaczek.

The Vice-President informed that the margin in prefabrication may temporarily decrease.

“The margin in prefabrication may be lower this year, so I would not be attached to the margin from the first quarter. We ride a bit on contracts signed last year, where we offered at different prices, and the prices of materials went down. I confirm that this margin may be lower, but whether it will be – I do not know. There was a moment when we offered really low margins and this will probably be seen in the second and third quarters a bit more. But won’t Q3 and Q4 be good? Maybe it will be,” said Żaczek.

The order backlog of the Pekabex Group exceeded PLN 972 million at the end of March 2023 and was lower by 27.9% y/y.

The Pekabex Group is a leading manufacturer of prefabricated structures in Poland. It has factories in Gdańsk, Poznań, Warsaw and Bielsko-Biała. In Poland, it mainly implements contracts in the field of large-scale construction (e.g. production halls, warehouses, commercial facilities, stations, car parks and office buildings) and engineering (e.g. bridges, tunnels). Export concerns mainly modular housing, mainly to Scandinavian countries. The company debuted on the main market of the Warsaw Stock Exchange in 2015; is included in the sWIG80 index.

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