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Budimex SABudimex builder's share price up by around 5.7 pct, with WIG20 gaining nearly 1.3 pct
Listed builder Budimex's share price rises by around 5.7 percent to PLN 624 (EUR 148.64). Meanwhile, the WIG20 index is gaining 1.3 percent.
Budimex has been gaining for several days. According to analysts, this is due to expectations of new tenders related to the expansion of military infrastructure. Over the previous five sessions, Budimex shares have appreciated by more than 14 per cent.
Representatives of Budimex's management confirmed on Tuesday that the company wants to actively participate in proceedings in the construction segment related to military investments. It assesses that this segment offers prospects for growth.
In an interview with PAP Biznes, Budimex CEO Artur Popko said that the company wants to maintain its operating margin at a similar level, i.e. 8 percent, both in the short and long term.
Among other things, the group is betting on growth in neighbouring markets, where it also hopes for good profitability. The stability of order financing remains a challenge in the Polish market.
pam/ ao/