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INVESTOR RELATIONS
Transparent, consistent, and growing — discover the investment case for Forma Construction Group.
— Investment Case
WHY INVEST IN FORMA?
Forma Construction Group combines a 25-year track record, strong cash generation, and a record order backlog to deliver above-market returns for investors. Our diversified revenue streams and geographic footprint provide resilience through economic cycles.
Record order backlog of €510M
Provides strong revenue visibility through 2026, diversified across residential, commercial, and infrastructure segments.
14.7% EBITDA margin — growing year-on-year
Operational efficiency improvements and value-engineering practices continue to expand our margin profile above the sector average.
Conservative leverage — Net Debt/EBITDA 1.2x
Disciplined balance sheet management with strong free cash flow conversion supports both growth investments and shareholder returns.
ESG leadership in the construction sector
Green Build 2030 roadmap positions Forma ahead of regulatory requirements, opening access to green financing and EU-funded projects.
Revenue 2023
€285M
+18% YoY growth
Order Backlog
€510M
Record high — Dec 2023
Active Projects
47
Across 12 countries
EBITDA 2023
€42M
14.7% margin
Net Debt / EBITDA
1.2x
Conservative leverage
Revenue Target
€400M
By 2026
— Revenue Mix —
DIVERSIFIED REVENUE STREAMS
Residential Construction 38%
Commercial & Office 27%
Infrastructure & Civil 22%
Industrial & Energy 9%
Other Services 4%
Geographic Split
🇵🇱 Poland (HQ market)
52%
🇩🇪 Germany
18%
🇨🇿 Czech Republic & Slovakia
14%
🇦🇹 Austria & Other CEE
11%
🌍 Other European Markets
5%
— Strategic Plan —
STRATEGY 2024–2026
Our three-pillar strategic plan focuses on profitable growth, operational efficiency, and sustainable differentiation.
01
GROW — Expand the Backlog
Target €650M order backlog by 2026 through selective bidding in high-margin segments: premium residential, green infrastructure, and EU-funded public works.
→ Prioritize 16%+ gross margin projects
→ Expand renewable energy construction arm
→ Target 2 new European market entries
02
OPTIMIZE — Improve Margins
Drive EBITDA margin from 14.7% toward 17% through BIM-driven productivity gains, procurement scale advantages, and reduced project cost overruns.
→ Full BIM adoption by Q2 2025
→ Centralized procurement — 15% cost reduction
→ AI-driven project monitoring tools
03
SUSTAIN — Green Build 2030
Achieve net-zero Scope 1 & 2 emissions by 2030. Issue first green bond in 2025 to fund sustainable construction and unlock preferential EU funding streams.
→ 100% renewable energy on all sites by 2025
→ €50M green bond issuance planned Q1 2025
→ TCFD-compliant sustainability reporting
— Documents —
REPORTS & DISCLOSURES
📄 Annual Report 2023
PDF · 4.2 MB ↓
📄 Annual Report 2022
PDF · 3.9 MB ↓
📄 H1 2024 Financial Results
PDF · 1.8 MB ↓
📄 Investor Presentation Q3 2024
PDF · 2.4 MB ↓
📄 ESG & Sustainability Report 2023
PDF · 3.1 MB ↓
📄 Corporate Governance Policy
PDF · 0.9 MB ↓
— IR Calendar
UPCOMING EVENTS
15
FEB
Full Year 2024 Results
Press conference · Warsaw HQ · 10:00 CET
20
MAR
Annual General Meeting 2025
Warsaw · Forma HQ Auditorium · 14:00 CET
12
MAY
Q1 2025 Trading Update
Webcast · Link available on IR page
14
AUG
H1 2025 Financial Results
Press conference + analyst webcast
— IR Contact
INVESTOR CONTACT
PZ
Piotr Zając
Chief Financial Officer
Head of Investor Relations
📧 ir@forma.pl
📞 +48 22 123 45 68
📍 ul. Marszałkowska 120, 00-008 Warsaw, Poland
Disclaimer: This page contains forward-looking statements based on current assumptions. Actual results may differ materially from those projected. This does not constitute an invitation to invest.