Another good year of the Dekpol Capital Group
Dekpol Capital Group, specializing in general contracting services, real-estate development activities and production of accessories for construction machines published its financial results for 2019. Consolidated revenues in this period amounted to PLN 772.1 million.
In 2019 Dekpol Capital Group achieved sales revenues in the amount of PLN 772.1 million, compared to PLN 837 million achieved one year earlier. The value of equity increased to PLN 242.3 million. At the current level of equity debt ratio amounted 0.75. At the same time lat year, the Group generated a net profit in the amount of PLN 50.8 million.
“Last year we paid a lot of attention to the reorganization of the Group. At the beginning of 2019, real-estate development activities were separated to the subsidiary company Dekpol Deweloper. In 2020, consistently implementing reorganization strategy, we separated the segment of production of accessories to construction machines to a new entity within the Group. On 1st of January 2020, Dekpol Steel began its business operations. We still have to separate the General Contracting Services segment, which we plan to carry out in the near future, to achieve the target structure of the Group. At the same time, Dekpol S.A. will perform the function of management entity for companies within the Capital Group. Reorganization activities are aimed at increasing management efficiency of the Dekpol Group and focusing on implementation of further development plans.” – said Mariusz Tuchlin, President of Management Board of Dekpol S.A.
In a segment of production of accessories for construction machines, we ended the year 2019 with a 25% increase in revenues compared to the previous year, also significantly increasing net profit generated. These results clearly confirm adopted development policy and increasing production efficiency. Dekpol Steel in subsequent years assumes dynamic development, both on the domestic and international market.
Within real-estate development activities segment, we implemented projects covering both – construction of housing estates, single family housing estates, luxury apartment buildings, as well as condo and aparthotels. Characteristic for 2019 was an increase in a share of sales of projects with a higher prestige and standard addressed to more demanding customers.
At the end of 201, in a segment of general contracting services, Dekpol performed contracts for external entities with a total contractual value of over net PLN 432 million. At the end of 2019, the backlog significantly covered the assumed performance levels for 2020. Currently, further contracts are being negotiated and signed to enable implementation of sustainable development strategy
“Over the next periods, we are moderate optimists. Despite the negative impact of the epidemic on the business environment, we do not see significant uncertainty regarding continuation of our business operations. In connection with stable financial situation of the Dekpol Capital Group, we also do not identify a significant threat related to the impact of development of coronavirus epidemic on the liquidity of the Group’s companies.” – added Mariusz Tuchlin.
Our real-estate development activities will be focused on implementation of high-margin projects and systematic improvement of achieved financial results. In the following years, it is planned to expand its operations to the Warsaw and Wroclaw markets through implementation of new commercial and residential investments in attractive locations. The owned land bank enables introduction to the offer of over 5,000 apartments with a total usable floor value of over 230 thousand m2.
