Budimex S A Shs (BDMXF) Q1 2022 Earnings Call

Investor webinar replay

Replay transcript excerpt

I cordially welcome you to discuss the results after the first quarter of 2022. The results were the financial results of the Budimex company. I would like to introduce the people present with me. Mr. President Artur Pielech, president of the FB Service company. Mr. Marcin Wygłowski, financial director, member of the Group Budimex Group. Mr. President Jacek Lech of the Mostostal Kraków company. Ladies and gentlemen, we would like to present what happened in the first quarter of 2022. Key elements in our traditional film summary. I cordially invite you. Oh, I don't know. Oh, I am a medical director at the Children's Hospital in Wojwoda, St. Nicholas Hospital. And I would like to thank you very much on behalf of all the small patients of our hospital for the necessary wishes that we received from the Budimec group. Everything will be fine thanks to you, thanks to your work, thanks to your support. Glory to Ukraine! so so Thank you very much. quite difficult quarter, a quarter full of challenges, both in terms of production carried out on contracts, but also in terms of contracting. We will start our meeting with macroeconomic data. Marcin, I would very much like you to start the presentation. We start with macroeconomic data. Of course, we will start with inflation. We start with inflation, which breaks records. The planned average annual inflation of the Polish National Bank in 2022 is already over 10%, but I suspect that new forecasts are waiting for us and it is possible that they will still be verified. Unfortunately, most likely at the top. The next years are predicted to be 9.4-2%, respectively in the years 2023-2024. Here we tried to find other forecasts that are on the market. It also looks different. As I can see, banks are more optimistic that this inflation ...