Polimex-Mostostal plans PLN 2 bln revenue in 2018

Polimex-Mostostal wants to reach revenue of at least PLN 2 billion in 2018, and PLN 1.5 billion in 2019, excluding strategic projects, the company’s management board stated. The company is currently analyzing two strategic projects for 2019: Puławy plant (valued at approximately PLN 900 million-PLN 1 billion, and chemical plant for PDH in Police for PLN 5-6 billion. The tenders for the two projects will be concluded in late 2018 and in 2019 respectively. The company wants to be present in the German and the British market in 2019, in addition to the five markets it is already in: Czech, Hungary, the Netherlands, Belgium and Finland, the firm also stated. In 2017, Polimex-Mostostal posted PLN 2.4 billion in revenue (9.3 percent drop y/y), and a net loss of PLN 137 million (compared to 60.7 million loss in 2016).