Preliminary estimated financial results of the dekpol group for 2024: operational efficiency and synergies within the Group positively impacted achieved margins despite a volatile market

It is estimated, that as of December 31, 2024, the general contracting segment of the Dekpol Group performed contracts for external entities in its portfolio with a total contractual value of approximately PLN 1,505 million net (as of the end of 2023: PLN 1,532 million). Of this, projects worth approximately PLN 973 million net remained to be executed after the balance sheet date (as of the end of 2023: approximately PLN 535 million). In addition, as of December 31, 2024, the estimated contractual value of projects within the general contracting segment carried out as part of intra-group activities for the property development segment amounted to over PLN 323 million net (as of the end of 2023: over PLN 318 million). Of this, projects worth approximately PLN 162 million net remained to be executed after the balance sheet date (as of the end of 2023: PLN 94 million net).

With regards to the property development segment of the Dekpol Group, preliminary sales results for 2024 and sales targets for 2025 were published in current reports No. 3/2025 and 4/2025 dated January 21, 2025.

Commentary of Management Board regarding preliminary results for the year 2024

We are pleased with results achieved by the Group in 2024, although we always have an appetite for more. The results are close to last year’s record-breaking figures, despite an unfavorable market that remained challenging and volatile. In such circumstances, our strategy aimed on diversification of operational activities proves to be effective. Thanks to our three main business pillars, DEKPOL is developing steadily, maintaining a strong financial position, and has the ability to share profits with Shareholders – for reference, in October of last year, we paid out a dividend worth PLN 19.99 million, equivalent to PLN 2.39 per share. Our selective approach to project execution, focus on profitability, high operational efficiency, and synergies within the Group are positively reflected in our achieved margin levels. A solid ordering portfolio in the General Contracting segment, the goals set for the Property Development segment in 2025, as well as ongoing improvement in operational performance in the Steel segment provide us with a strong foundation to navigate various market scenarios in upcoming quarters. The DEKPOL Group consistently executes its operational tasks and delivers satisfactory financial results, even as the market continues to present, both, for us and the entire industry – numerous challenges. – says Mariusz Tuchlin, CEO of DEKPOL S.A.

We consistently execute our business plans, which is reflected in recently published preliminary results for 2024. In 2025, our priority remains ensuring financial security and stability of the DEKPOL Group, which serves as the foundation for further strengthening of our market position – especially in the context of our growing scale of business operations and high market volatility.

Our efforts and achievements are recognized by financial institutions, enabling us to secure external financing tailored to both market specifics and our business needs. It is worth to mention, that in June of last year, we conducted the largest Green Bond issuance in the Group’s history, raising PLN 225 million. Among many investors was the European Bank for Reconstruction and Development (EBRD), which invested in the DEKPOL Group’s bonds.

We are proud that the hard work made by the entire Dekpol Group team is appreciated by our clients, partners, and investors. One example of this positive recognition is the recent awarding of the title ” Budowlana Firma 20-lecia” to the DEKPOL by Builder magazine just a few weeks ago. – adds Katarzyna Szymczak-Dampc, Vice-CEO, Financial Director of DEKPOL S.A.

 

 

 

Contact for media:

Katarzyna Sadowska

cc group

katarzyna.sadowska@ccgroup.pl

cellphone: +48 697-613-020

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Dekpol Capital Group is dynamically developing in construction and property development industry as well as in production of accessories for construction machines. The company was established in 1993. It owns a modern machine park and highly qualified staff. From the beginning of its business activities, it has ambition and determination to further dynamic development with usage of modern technologies. Business activities of the Dekpol Capital Group are based on three main segments. General Contracting services provide the largest share of the Group’s revenues. The offer covers a very wide range of activities. The company has extensive experience in implementation of industrial, logistic, commercial, public, sports and recreational facilities, as well as environmental protection facilities. It also carries out road, sanitary and hydrotechnical works. The company has an established leadership position in Northern Poland and is one of the largest general contracting companies for cubature facilities on a national scale. In turn, Dekpol Steel, the part of the Dekpol Capital Group, is a manufacturer of buckets and accessories for construction machines. It cooperates with the world’s largest manufacturers of construction machinery. The products are sold to Norway, Sweden, Germany, the USA, and Great Britain, and even to Morocco and Australia. The third dynamically developing segment of the Dekpol Capital Group is the property development activity, which, from the beginning of 2019, as a part of Dekpol Deweloper Sp. z o.o. offers flats, apartments, and commercial premises. Since January 2015, the shares of Dekpol S.A. are listed on the Warsaw Stock Exchange.

More information available at: https://dekpol.pl/