26.03.2024

Budimex with this year’s “Parkiet” editor’s award: Bulls and Bears – Company of the Year 2023 from the MWIG40 Index

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Awarded by the editors of “Parkiet”, the Bull and Bear statuettes are the most important awards in the capital market in Poland. March 21 marked the 30th time. went to the best companies, managers and institutions and managers. This year’s capital market elite also included Budimex, recognized as Company of the Year 2023 from the MWIG40 Index.

“The company’s 2023 stock return reached 127 percent. The company has increased the value of its order backlog by leaps and bounds. It is pushing more and more boldly abroad by winning very large contracts, an example – the construction of the Rail Baltica railroad line.” – Cezary Szymanek, deputy editor-in-chief of the Rzeczpospolita, said. Economics, presenting a statuette to Marcin Węgłowski, representing Budimex at the “Parquet” Gala.

“On behalf of all Budimex employees and the management, we thank you very much for the recognition. We are very proud of this award. Budimex has been listed on the stock market for 29 years. This award is the culmination of our presence in the WIG40. As of March 15, Budimex is already in the Wig20 and we hope to positively surprise with our presence in this index as well. Rail Baltica is not everything, we don’t just build railroads, we also build roads, we are active in the field of general construction. We are proud that the recognition was a piece of that hard work of all the employees of our company in building a modern Poland.” – Marcin Węgłowski, Member of the Management Board of Budimex SA, Director of the Economic and Financial Division, commented.

The chapter recognized that despite a challenging year for the industry, Budimex has built a very strong order book, dominated by road and rail contracts. He was recognized for maintaining his position as Poland’s largest general contractor and distancing the competition by several lengths, as well as for his portfolio of orders in neighboring countries, whose value at the end of December reached several billion zlotys.

In 2023, Budimex’s share price increased by 120 percent, to a historical record of PLN 626 (corrected at the beginning of 2024 to PLN 747). For the 15th year in a row, shareholders received a dividend of PLN 459 million (PLN 18 per share). Together with the dividend, the return for last year. amounted to 127 percent. Last year, the company was recognized by its promotion to the MSCI Poland index. The culmination of the company’s successes in Poland was the company’s promotion to the WIG20 in March this year – this is a return to the group of blue chips after two decades” – the editors of “Parkiet” justified this year’s award.