Business structure
CONSTRUCTION ACTIVITY SEGMENT
The construction market in Poland (measured by the value of sales of construction and assembly production in current prices) increased by 19.9% in 2022 compared to the previous year, including in the infrastructure construction sector by 15.5% and in building construction by 24.6%.
The main activity of the Budimex Group is the provision of broadly understood construction and assembly services performed in the general contracting system in Poland and abroad. In 2022, the group’s construction segment revenues amounted to PLN 7,820,834 thousand against PLN 7,282,424 thousand in the previous year (an increase of 7.4%). At the same time, the structure of revenues from this segment changed, i.e.:
In 2022, The Budimex Group, which is the undisputed leader of the Polish construction industry, maintained a stable position in the face of difficulties and economic challenges caused by Russia’s aggression against Ukraine.
- Infrastructure construction revenues amounted to PLN 3,034,865 thousand and increased by 13.5%. Their share in the segment’s revenues increased from 36.7% in 2021 to 38.8% in 2022.
- As part of building construction (both residential and non-residential), the group generated revenues of PLN 2,897,068 thousand. Participation in building construction increased the group’s revenues from 36.1% in 2021 to 37.0%, thanks to non-residential construction.
- Due to the small number of tender procedures, in 2022, the share of revenues from railway construction was 24.2% compared to 27.2% in the previous year.
Revenues from the construction segment of the Budimex Group in millions of PLN
The value of the portfolio of Budimex Group construction orders achieved the level of PLN 13.3 billion at the end of 2022, which secures our work for the whole of 2023 and most of 2024. This situation allows the group to submit tenders responsibly without having to fight aggressively in the market. Road projects constitute almost half of the contracts, and 26% of the portfolio are projects in the area of general construction. The value of projects in the “waiting room” worth PLN 5.8 billion is also recordbreaking, with railway projects dominating them.
Provision of services
In 2022, the revenues of the services segment amounted
to PLN 821,397 thousand against PLN 783,174 thousand
in the previous year (an increase of 4.9%).
In 2022, the revenues of the services segment amounted
to PLN 821,397 thousand against PLN 783,174 thousand
in the previous year (an increase of 4.9%).
With a view to building its own RES projects, in 2022,
the Budimex Group was expanded to include two newly
purchased companies: Magnolia Energy Sp. z o. o. and
Fotowoltaika HIG XIV Sp. z o.o. Additionally, the possibilities
in the field of waste disposal and processing were increased
thanks to the purchase of Zakład Przetwarzania Odpadów
Zawisty Sp. z o. o.
Geographic structure of sales revenues
The dominant part of the Budimex Group’s sales revenues
is generated in Poland. In 2022, due to operations on
the domestic market, they amounted to PLN 8,290,101
thousand and increased by 9.6%. The share of Polish clients
in the group’s revenues was 96.2%. Other contractors were
mainly German. Budimex acquired PLN 245,814 thousand
from this group of clients, which is 12.5% more than in the
previous year. It also had a 9% share in the revenues of the
Budimex Group.
As part of its operations on the German market, in 2022, the
group performed workshop works (prefabrication works and
metal works). In 2022, there was an increase in both types
of work: prefabrication works by 13.1% and metal works by
6.9%. The structure of recipients was dispersed; only two
exceeded the level of 10% of total revenues (10.6% and
11.0%, respectively).
Polski