Mostosal Zabrze announces huge backlog

One of Poland’s largest construction companies said in a press release on Wednesday that it had a backlog that totalling PLN 1.2 billion in value. Mostosal Zabrze said that the backlog was composed of PLN 619 million in signed contracts, plus an additional PLN 600 million in offered orders. “The acquired contracts not only resulted in an increase in sales in the last quarter, but also helped to build a good order backlog of the Group in a difficult, declining period for the Polish construction sector. The total value of contracts signed in 2016 amounted to over PLN 520 million. As a result, we have completed the current order backlog and a significant part of 2017,” Marzena Twardzik-Kapis, the company’s deputy director of strategic development and marketing noted in the press release. Mostosal Zabrze produces and assembles steel products for construction projects across four sectors, according to the company website’s financial information. In 2016 it has executed several high-profile agreements with large companies, including agreements with Grupa Lotos and KGHM. It is a WSE-listed company, and its consolidated revenue in 2015 was PLN 760 million.