Warsaw (Puls Biznesu) – The construction company will double its sales this year to PLN 180m (EUR 45.7m). It may be listed soon.
Karmar, a Warsaw construction company, had PLN 94m of sales last year. This year, it plans to generate PLN 180m. The company, which has so far invested mainly in Warsaw, will enter the other cities.
“We are going to sign a contract worth PLN 90m soon, the highest in our history”, Wlodzimierz Bogiel, Karmar CEO boasted.
He added that the margin of profit which has amounted to 2-3 percent in recent years, will grow to 8 percent.
“We are developing very fast and we are considering different options of financing. The stock exchange is an option in our strategy”, Wlodzimierz Bogiel said.
“A construction company looking for funds on the WSE will be welcomed by investors who are interested in the sector due to its good perspectives. The popularity of the sector is reflected in record high level of its index”, Wojciech Szymon Kowalski, an independent analyst commented.
(PLN 1 = EUR 0.254)