Locked content Eurocash Q4 profit below consensus

WSE-listed FMCG retailer had PLN 66.9 million attributable net profit in Q4 2016 year-on-year, 28 percent below expectations, the company’s Q4 financial report showed. Group sales were up up 12.3 percent y/y to PLN 569.2 million. “Particularly strong growth was recorded in sales to clients bei...

Locked content Unibep posts PLN 31.8 mln net profit in Q4, up by 36.5% y/y

WSE-listed builder Unibep posted a PLN 31.8 million net profit in Q4 2016 vs. PLN 23.3 million a year earlier, the group said in a market filing on preliminary results. Attributable net profit measured PLN 31.4 million, while revenues were at PLN 1.25 billion (0.5 percent y/y growth). The final 2016...

Locked content Unimot raises PLN 99 mln in IPO

Fuel and gas trader Unimot sold of the shares offered in its IPO. Some 2.2 million shares were sold at PN 45 apiece, putting the total value of the offer at PLN 99 million, the company said in a market filing. Unimot planned to raise PLN 85 million from the IPO. The company, currently listed…

Warimpex selling five hotel assets in Poland

Vienna and Warsaw Stock Exchange-listed developer and investor Warimpex has sold its stakes in a total of eight hotels in the Czech Republic, Poland and Romania to the Thai developer and investor U City for a combined €180 million. Five Polish assets – andel’s by Vienna House Łódź, andel’...

Locked content LPP profit falls in Q4, revenue up

WSE-listed clothing retailer LPP had PLN 158.2 million in Q4, down from PLN 172.3 million year-on-year. The revenue amounted to PLN 1.85 billion in Q4, which is a 17.8 percent growth y/y. For the whole year, the company had PLN 175.9 million in profit (8.2 q/q and 49.9 percent y/y decline) and PLN 6...

Locked content Śnieżka Q4 profits up

WSE-listed paint producer Fabryka Farb i Lakierów Śnieżka had PLN 5.17 million consolidated net profit in Q4, representing a 36.8 percent increase year-on-year and 75.7 percent quarter-to-quarter fall, the  company said in a market filing. For the whole year, Śnieżka had PLN 55.32 million net profit...

Locked content Fortuna acquires Hattrick Sports Group

  WSE-listed betting operator Fortuna Entertainment Group will takeover Hattrick Sports Group for maximum €135 million. Fortuna will initially pay €85 million with the remainder of the deal being calculated based on the future Hattrick revenue, but will not exceed €50 million. “The acquisition ...

Exports in 2017 to grow by 8% – KUKE

According to Export Credit Insurance Corporation (KUKE), the value of Polish exports will grow by 8 percent this year. Although that figure will depend on the economic situation in the euro zone, which according to current growth forecast will continue to improve,” the report said, explaining that i...

Locked content Professional cleaning services market worth PLN 5.4 billion – PIGC

According to Polish Cleaning Chamber of Commerce (PIGC) the professional cleaning services market was worth PLN 5.4 billion last year, compared to PLN 4.5 billion in 2015. “With some 3,500 companies operating in the sector, the competitiveness requires seeking new methods to improve the quality, whi...