Trace Group Hold

What Trace Group Hold does

Trace Group Hold is a Bulgarian publicly traded civil engineering and construction company headquartered in Sofia, founded in 1993 and listed on the Bulgarian Stock Exchange under ticker T57. The company implements infrastructure and hydro-technical construction projects, with a documented current focus on urban metro rail infrastructure for municipal government clients. Its most significant disclosed engagement is a 70.41 million EUR consortium contract with GP Group, awarded by Metropoliten (the municipality-owned Sofia metro operator), to design and build a section of the Sofia metro diverging from Line One at Sofia's ring road, including two stations, with a 36-month implementation deadline.

The firm secures work through competitive public bidding processes targeting municipal and city government tenders, primarily for urban transit infrastructure. Its customer base is concentrated in municipal governments, with Metropoliten as the named anchor client and the Sofia metro network (currently 52 kilometres across 47 stations) representing the immediate addressable project surface. Headcount of 1,001-5,000 employees and three decades of operating history provide the mobilization and bonding capacity required for large-scale tenders.

The business model is project-based revenue tied to competitive public infrastructure contracts and consortium arrangements. Profitability in 2025 supported a 4.57 million EUR net profit, from which a 2.42 million EUR gross dividend (0.10 EUR per share) was distributed to shareholders. Shares closed at 3.56 EUR on June 30, 2025, up 9.88% on the day. Geographic scope is currently Balkans/Bulgaria, and the company has not disclosed expansions into adjacent verticals, software products, or AI-driven capabilities in the available data.

Name

Trace Group Hold

Legal name

Trace Group Hold

Website

https://tracebg.com

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Trace Group Hold is a Bulgarian publicly traded civil engineering company, founded in 1993 and headquartered in Sofia, specializing in infrastructure and hydro-technical construction. It serves municipal government clients, primarily through consortium-led public tenders for urban metro rail projects such as the Sofia metro extension.

Ownership category

akta.pro rank

Product category

Civil Engineering / Infrastructure Construction

NAICS

Poured Concrete Foundation and Structure Contractors (23811)

SIC

Construction Machinery & Equip (3531)

akta.pro primary industry

Site Access & Temporary Roads / Working Platforms (IMAFAKAO)

Keywords

• Civil engineering services
• Infrastructure construction
• Metro construction
• Hydro-technical construction
• Public infrastructure contracting

Headquarters

HQ city

Sofia

HQ country

Bulgaria

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure

Core offering

Trace Group Hold is a Bulgarian civil engineering company that designs and builds public infrastructure projects, specializing in urban transit systems such as metro rail and in hydro-technical construction. The company secures contracts through competitive public bidding, often as part of a consortium, and delivers multi-year design-and-build projects for municipal and government clients.

Product overview

Trace Group Hold is a Bulgarian civil engineering company that specializes in infrastructure construction projects. The company operates primarily in the civil engineering and construction sector, undertaking large-scale infrastructure projects such as metro systems. Based on the available source data, no specific named product modules, software platforms, or distinct service offerings beyond general civil engineering services have been identified.

Differentiator

Problem solved

Functional benefit

Products and services

• Sofia Metro Line One Extension (Design and Build) Design and construction of a metro rail extension section, including two new stations, expanding Sofia's existing metro network. Delivered to the municipal transit operator Metropoliten over a 36-month implementation period.
• Hydro-Technical Construction Services

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• GP GroupcoreStrategic or Co-development PartnerTrace Group Hold and GP Group formed a consortium to jointly design and build a section of the Sofia metro. The 70.41 million euro contract involves constructing metro infrastructure diverging from Line One at Sofia's ring road, including two metro stations, with a 36-month implementation deadline.
• MetropolitencoreOthersMetropoliten is the municipality-owned Sofia metro operator that awarded the 70.41 million euro contract to the Trace Group Hold and GP Group consortium for designing and building a metro line extension including two stations.

Scale indicators4 records

Recent moves3 records

Expansion highlights3 records

Regional players

• Budimex: Polish construction company and one of CEE's largest infrastructure contractors, focused on roads, rail, and civil engineering. Comparable business model in regional infrastructure construction, though operating primarily in Poland rather than Bulgaria.
• Terna SA: Greek construction group focused on infrastructure projects including roads, rail, and civil engineering. Operates in an adjacent Balkans/Southeast European market with similar project types, though primarily serving Greek clients.
• Mota-Engil: Portuguese-based multinational construction group with operations across infrastructure and civil engineering in Europe, Africa, and Latin America. Comparable infrastructure focus, though with broader geographic and vertical diversification than Trace Group.

Direct peers

• GP Group: Bulgarian construction and infrastructure company that partnered with Trace Group Hold in a consortium for the 70.41M EUR Sofia metro extension. Operates in the same Bulgarian civil engineering market and serves overlapping municipal and infrastructure clients.
• Glavbolgarstroy: One of Bulgaria's largest construction groups with broad civil engineering and infrastructure capabilities. Directly comparable to Trace Group Hold in scale, geography, and customer base within the Bulgarian construction market.

Broad incumbents

• Vinci Construction: Global construction and infrastructure operator with significant presence in European civil engineering including metro and transit projects. Operates at much larger scale than Trace Group but competes for the same categories of municipal infrastructure work.
• Strabag SE: Major European construction group operating across infrastructure, building construction, and civil engineering. While much larger and geographically diversified, Strabag competes in similar transit and infrastructure tenders across CEE/Balkans and represents the broader competitive set.
• Skanska AB: Swedish-headquartered construction and infrastructure developer with operations across multiple geographies including civil engineering projects. Represents a broad incumbent peer in transit and heavy civil infrastructure categories.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trace Group Hold