Exbud may not have strong foundation

Alan Heath
opublikowano: 19-03-2001, 00:00

Exbud may not have strong foundation

At the end of February Jedynka Poznanska won a PLN30.4m contract to be the general contractor on a hypermarket project in Zielona Gora. It also recently signed a PLN40m agreement for the construction of the Lakeside Galeria Konin shopping centre. Despite the amount of contracts signed by the company which is a subsidiary of Exbud, the financial condition of the company could be better. Even sector analysts are questioning the strength of the group. Pawel Puchalski, an analyst at RCI says that the group is not as strong as may be suggested by its receipts. Skanska is going to have completely rebuild the structure of the companies around Exbud. However given that Budimex came out of its transformation quite well then there is no reason to suggest that Exbud will not be as strong.

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