The Budimex Group operates in many segments of the construction market and the structure of its income from these activities is diversified.

Revenue of the Construction segment




Segments of activity


In 2021, the construction market in Poland (measured by the value of sales of construction and assembly production at current prices) increased by 7.9% compared to the previous year, including a 10.7% increase in the infrastructure construction sector and a 5.0% increase in the volume construction sector.

In 2021, income of the Budimex Group’s construction segment amounted to PLN 7,282,424 thousand, compared with PLN 7,539,404 thousand in the previous year (decrease by 3.4%). At the same time, the revenue structure of this segment changed, i.e.

  • The share of infrastructure construction fell from 44.4% in 2020 to 36.7% in 2021.
  • Thanks to the acquisition of new rail contracts in previous years, the revenue participation of rail construction in 2021 was 27.2% compared to 20.9% in the previous year.
  • The share of cubature construction (residential and non-residential combined) increased from 34.7% in 2020 to 36.1% in 2021.

Income of the construction segment of the Budimex Group in PLN million

Real estate development activities (discontinued)

At the beginning of the second half of 2020, the Management Board of Budimex SA decided to initiate a review of strategic options of the real estate development segment. As a result of the completion of the process, on 22 February 2021 Budimex SA concluded a conditional agreement on the sale of 100% of shares in Budimex Nieruchomości Sp. z o.o. to CP Developer Subsequently, on the 24th of May 2021, the Company signed a disposal agreement regarding the disposal of all shares in Budimex Nieruchomości Sp. z o.o. to CP Developer

The Budimex Group recognized in the consolidated financial statements for 2021 the net profit resulting from the settlement of the sale of development activities in the amount of PLN 487,541 thousand.

Service activities

In 2021, the Budimex Group’s revenues from service activities, which include waste management services, maintenance of road infrastructure, extension and management of lighting infrastructure and technical maintenance of real estate, increased significantly. They were 27.9% higher than in 2020.

The geographical structure of sales revenues

The dominant part of Budimex Group’s sales revenue was generated in Poland. In 2021, the share of domestic customers in the Group’s sales revenue amounted to 95.4%. Other clients of the Group came from the European Union, mainly from Germany and Lithuania.

As part of its activities in the German market, in 2021 the Group mainly performed workshop work (prefabrication and metal work). At the same time, in the second half of the year it also started construction activities there, including a contract in road infrastructure.

The geographical structure of sales revenues in 2021 in %

About the report

This publication is another integrated annual report which presents the entire financial, social and environmental performance of the Budimex Group.

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