Erbud’s solid order book

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Erbud’s order backlog, at the end of 2018, reached PLN 2.5bn (up 22.3% y-o-y), and PLN 1.8bn of the total was in 2019, the company said. According to Erbud’s CEO Dariusz Grzeszczak, a diversified portfolio is a guarantee of security against risks resulting from fluctuations in the economic situation in particular segments. However, it is very important to selectively select new orders.

From this year, the company intends to return to profitability at the level of previous years, i.e. above 2%. In the middle of last year, Erbud adjusted the result on all contracts under construction, where the planned margins were reduced due to the difficult situation on the construction market. As a result, as at June 30, 2018 the company reported a consolidated net loss, however, the next quarter already brought the group over PLN 13m of operating profit.