Media SPECTIS
Media commentary
Eurobuild | A constructive way forward
23 Nov 2023
One sector in Poland that has certainly been licking its wounds is the construction industry, but the question remains: is it heading for a crisis? "Hopefully, not yet," says Bartłomiej Sosna, a construction market expert at construction consultancy Spectis.
"Construction firms managed to retain their margins in 2022 despite having to cope with rising costs, recording an all-time high in terms of net profit. This was partly due to the partnership approach pursued by the contracting parties, which allowed for the prices of selected contracts to be negotiated," he argues, and then adds: "Moreover, the financial standing of medium-sized and large contractors improved slightly in H1 2023 compared to H1 2022 and in financial terms this was a record period for construction companies."
Full article: www.eurobuildcee.com