do góry

Current share price Stalexport Autostrady SA

2.83 zł -0.35% -0.01zł 2024-05-29
Home page/Press Office/Press Releases/3Q 2016 summary of Stalexport Autostrady Capital Group

3Q 2016 summary of Stalexport Autostrady Capital Group

Press Releases 10 November 2016

Good first three quarters of 2016 for the Stalexport Autostrady Capital Group

During the first three quarters of 2016, the Stalexport Autostrady Group consistently maintained the upwards trend, both in terms of income and the generated net profit. The third quarter was at the same time the first reporting period of operation of the A4Go electronic toll collection at A4 Katowice-Cracow – it was the Group’s concession company response to the systematic growth of traffic at the A4 Katowice-Cracow motorway.

During the first three quarters of 2016, the Stalexport Autostrady Capital Group generated income amounting to PLN 220.4 million, and net profit amounting to PLN 114.7 million.
The growth in traffic amounted to 10.9% as compared to the first nine months of 2015, the average traffic during the 9 months of 2016 was 41 thousand vehicles per day. The growth is related to increase both in the number of passenger cars (10.9%) and in the number of lorries (11.1%).

The consolidated financial result of the Capital Group was the most significantly influenced by the management and exploitation of the concessionary section of the A4 motorway by the Group’s company, Stalexport Autostrada Małopolska S.A. During the three quarters of 2016, the income generated by charging tolls on for A4 Katowice-Cracow motorway use amounted to PLN 217 million.
To the A4 motorway concessionaire, this period constitutes a continuation of the activities aimed at increasing throughput of the toll plazas. In January 2016, a new method of paying was introduced – prepaid kartA4 proximity card. Then, on 20 July 2016, electronic toll collection A4Go was launched. Other important investments were continued as well: development of two motorway junctions – in Mysłowice and in Rudno, modernisation of the motorway drainage system in Śląskie Voivodeship, and road surface replacement at both motorway carriageways.

Emil Wąsacz, Chairman of the Management Board of Stalexport Autostrady S.A. and Stalexport Autostrada Małopolska S.A.:
The constant growth of traffic at the A4 Katowice-Cracow motorway, which is the source of positive growth of financial ratios, has already made us carry out a number of activities a few years ago. The result of these activities is a faster toll collection area thoroughfare. On 20 July, we have launched our electronic toll collection system – A4Go, it certainly is the fastest and the easiest way of paying for the motorway use. So far, more than 5 thousand drivers have decided to use it, which should result in improved traffic flow after implementing this method at separate lanes at toll collection plazas.
In May of this year, we have started road surface replacement at both carriageways of the A4 Katowice-Cracow motorway, at the sections that were modernised approximately 10 years ago. The works are carried out in a manner that allows to minimise traffic disruptions and maintain the operation of two lanes for each direction of travel. In 2016 and 2017, sections with a total length of approx. 60 km will be replaced.
Our interests remain focused on expanding the motorway-related activity by new projects under public-private partnership. We also take into consideration capital commitment to the existing concessionary projects, if such possibility arises.