Temporary slump

"We subtracted the value of plots given to the Wrocław gmina for road construction. The result was also worsened by the costs of restructuring the group," Edward Laufer, a member of Impel's management board, said in a statement. He added that these were one-off costs, which will not affect the company's results in the future.

Thus, the company maintained its predictions of achieving zł.20 million in net profit and turnover of zł.720 million. In Q1 of this year the group noted a 14-percent increase year-on-year in turnover, which reached zł.169 million. The increase was partly due to the acquisition of two new firms - a security company, North Ochrona, and cleaning company DC Systems.

Impel plans to be more active in the developers' market. It is to build a housing complex in the center of Wrocław. Currently Impel is looking for a partner from the construction industry which would help it carry out this project. "We expect know-how and experience in the construction business," the chief financial officer of Impel, Wojciech Rembikowski, told Puls Biznesu, adding that the partner will be chosen within a few weeks.