budimex sense of creating 2012
Sense of creating - Activities summary of Budimex Group
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Letter to Shareholders
Ladies and Gentlemen,
The year 2012 was difficult for many construction companies and there were unfinished contracts, losses, workforce reductions, and bankruptcies. After the value of road-related tenders announced in 2011 dropped by 40%, the year 2012 saw this indicator drop by a further 15% and, since this sector of the construction industry constitutes 63% of the portfolio of Budimex Group orders, such situation in the markets did have an impact on Budimex.