Atal SA
WSE:1AT
Atal SA
ATAL SA engages in building of residential complexes. The company is headquartered in Cieszyn, Woj. Slaskie and currently employs 307 full-time employees. The company went IPO on 2015-07-23. The firm specializes in the construction and sale of apartments in multi-family buildings. The company also builds single-family houses. The firm operates wholly owned subsidiaries such as ATAL Construction Sp z o o and Atal Wysoka Sp z o o , among others. Atal SA operates domestically.
ATAL SA engages in building of residential complexes. The company is headquartered in Cieszyn, Woj. Slaskie and currently employs 307 full-time employees. The company went IPO on 2015-07-23. The firm specializes in the construction and sale of apartments in multi-family buildings. The company also builds single-family houses. The firm operates wholly owned subsidiaries such as ATAL Construction Sp z o o and Atal Wysoka Sp z o o , among others. Atal SA operates domestically.
Revenues: Atal reported revenues of PLN 772 million for Q1–Q3 2025, down from the previous year due to fewer handovers, with most completions expected in Q4.
Gross Margin: Gross margin improved to 31.2% for the first nine months, up from 27.4% in the same period last year, and Q3 alone was 28.4%, above company expectations.
Sales Trend: Sales of flats were 1,158 in Q1–Q3, lower year-on-year, but Q3 sales rose to 425 flats, showing a positive trend versus the previous quarter.
Handovers: 652 flats were handed over in Q3 (half the year’s total so far), with another large wave expected in Q4. Management expects around 2,000–2,200 flats handed over in 2025 and 3,200 in 2026.
Dividend: PLN 238 million dividend was paid, continuing a policy of distributing at least 80% of net profit, subject to shareholder approval.
Land Bank & Inventory: The company maintains a large land bank and expects limited new land purchases, with inventory sufficient for several years of development.
Market Outlook: Management sees improved credit conditions and expects better sales in Q4 2025 and a stronger market in 2026, but notes that interest rate declines are not yet sufficient to fully stimulate demand.
