WSE-listed construction companies report strong profitability improvement in Q3 2021

The findings of ‘Construction market in Poland – December 2021’, the latest monthly report by research company Spectis, reveal that the aggregate revenue of 19 construction groups whose shares are listed on the Warsaw Stock Exchange totaled PLN 25.9 billion in Q4 2020-Q3 2021, compared to the revenue of PLN 23.6 billion registered in a year earlier, up by nearly 10 percent in nominal terms. The aggregate net profit of the analyzed companies in the period under review amounted to PLN 1.34 billion, as compared to merely PLN 0.03 billion a year earlier.

The net financial result generated by the construction companies translated into a net return on sales of 5.2 percent compared with 0.1 percent a year earlier and 1 percent two years previously. Despite marked improvement, construction companies remain the only group reporting earnings below the 6 percent mark. The profitability of the other two categories of companies, i.e. property developers and suppliers of building materials and construction equipment, was much higher as it stood at 16.8 percent and 8.7 percent, respectively.

(WBJ)