Budimex profitability will fall in 2018-2019

Budimex estimates that maintaining operating profitability at the level of last year (9.2 percent) is impossible in 2018-2019. However, the company would like to achieve in this period better profitability compared to the market, said CEO Dariusz Blocher. "We have run out of simple methods, we can not save on people. The only thing we can do is get new contracts at better prices," the CEO said. In the next three years, the real estate part will grow, Blocher added. Budimex, whose strategic investor is Spanish Ferrovial, has been listed on the WSE since 1995. In 2017, the company reported consolidated revenue of PLN 6.37 billion.