Dekpol records over twofold increase of revenues
Of 125% to PLN 358,7 million increased in the first three quarters this year the turnover of Dekpol Capital Group in comparison to the same period of the previous year. Significant improvement in results was basically possible due to dynamic development of the real-estate development segment. Remaining two segments: general contracting as well as production of accessories to construction machines also record strong improvements. Management Board of the Company still upholds current financial prognosis, aiming reaching of PLN 500 million of consolidated revenues.
In the first three quarters of 2017, the Dekpol Group reached consolidated sales revenues in the amount of PLN 358,7 million, thus of 125% more comparing to the same period of the last year. From January to September this year, the Group earned at the same time net PLN 24,5 million, comparing to PLN 14,7 million of net profit in the analogous period last year (increase of 66% year by year). The value of the equity during the first nine months this year increased by more than 14% to PLN 159 million at the end of September this year.
“Results achieved in three quarters of 2017 are consistent with our assumptions. Especially high dynamics in increase has been reached and we will constantly continue it in real-estate development segment. It is connected with completion of the performed projects and starting of new undertakings. As a result, we increase participation of real-estate development segment in our joint revenues. High dynamics is also recorded in general contracting segment, as well as in segment of production of accessories to construction machines and steel structures. Considering the value of revenues reached in the first three quarters this year, we do not see any risks in implementation of our prognosis aiming reaching during the whole 2017 of consolidated turnover on the level of PLN 500 million” – said Mariusz Tuchlin, President of Management Board of Dekpol S.A.
In the first three quarters this year, contracting level in the meaning of preliminary agreements, real-estate development agreement and reservation agreement amounted 687 premises. For comparison, in the same period of the previous year, contracting level amounted 436 premises, and in the whole year 2016 – 537 premises. In revenues of the real-estate development segment, in the first three quarters this year has been identified sales of 380 premises, comparing to 94 premises in analogous period of the last year and 176 premises in the whole year 2016. As of the end of September 2017, in sales offer remained 381 premises. In addition, the Group owned the bank of land enabling projecting and performance of another real-estate development investments of about 65 thousands of usable floor area (PUM).
In general contracting segment, at the end of a third quarter of 2017, the Capital Group performed contracts of a total contractual value of over net PLN 326 million. All projects are performed on behalf of private investors. The main territory of activities remains Pomorskie Voivodeship, with nearly 60% of all projects in execution. In 3rd quarter 2017 the Company signed the first contract abroad, which is performed in Lithuania. Under execution remain industrial, logistic, commercial and service objects along with full outdoor infrastructure (roads, squares, car parks).
In turn in steel segment, the sales is focused on performance of contracts for OEM and Aftermarket clients. According to previous assumptions, DEKPOL S.A. withdrew from the execution of individual contracts transferring 100% of its production capacities for the main strategic purchasers. Thanks to the own activities, Dekpol becomes more and more recognizable brand on the worldwide market of the producers of buckets and equipment to construction machines. In addition to Doosan, OEM clients portfolio has been enlarged by Volvo and Liugong Dressta Machinery.