Locked content IKEA offers solar panels in Poland

Swedish furniture maker IKEA has launched the sales of solar panels in Poland. The products are currently offered in four countries, others being the UK, Switzerland and the Netherlands. Due to its fragile nature and difficulty in assembly, the company has postponed its DIY policy and will assemble ...

Locked content Poland outraged at Macron comments

Poland’s Ministry of Foreign Affairs issued a statement after French presidential candidate Emmanuel Macron called ruling Law and Justice (PiS) leader Jarosław Kaczyński and ally of Vladimir Putin and Marine Le Pen. “The government of the Republic of Poland is not an ally of Ms. Marine Le Pen. Indic...

Locked content Duda calls for referendum on constitution

Poland’s President Andrzej Duda said that he wants to ask the nation next year, whether it wants to change its 20-year old constitution, without proposing any changes at this moment. “It’s time for a serious constitutional debate, not just with politicians but with the whole of the nation,” Du...

Locked content Admiral Boats files for bankruptcy

WSE-listed boat producer Admiral Boats has filed for bankruptcy. “We’ve decided to file such motion, after failing to secure additional capital, necessary for planned investments, and to ensure financial liquidity, especially failure of the company’s management board to issue of series K share...

Locked content WSE Q1 net profit below consensus. Plans 10 IPOs this year

Warsaw Stock Exchange, had a PLN 27.7 million net profit in Q1 2017, up from PLN 25.5 million y/y and below PLN 31.1 million expected. The revenue stood at PLN 91 million, up from PLN 81 million y/y, while EBITDA was up from PLN 41.1 million last year, to PLN 46.8 million. According to the…

Locked content Bank Handlowy Q1 profit down from prelim. figures

WSE-listed Bank Handlowy had a PLN 42.7 million net profit in Q1 2017, below previous estimates for PLN 60 million, posted in the company’s preliminary financial figures. In Q1 2016 Handlowy netted group PLN 104.4 million. The difference comes, among others, an increased contribution to the banking ...

Locked content LPP posts PLN 117 mln net loss in Q1 – preliminary results

WSE-listed fashion retailer LPP posted a net loss of PLN 117 million in Q1 2017, the company said in a market filing with preliminary results. Revenues were up by 16 percent y/y to PLN 1.36 billion, while LfL sales were up by 4.6 percent. EBITA stood at negative PLN 109 million. LPP is a Polish̷...

Locked content EU’s stricter pollution limits could cost Poland PLN 10 bln

The European Commission passed a new regulations which would force power plants to cut the amount of toxic pollutants they emit, including nitrogen oxide, sulfur dioxide, mercury and particulate matter.  “Air pollution is the prime environmental cause of premature death in the European Union,” said ...

Locked content Dino with PLN 151.2 mln attrib. net profit in 2016

WSE-listed retail chain Dino posted PLN 151.2 million attributable net profit in 2016, up by 23.8 percent from PLN 122.2 million in 2015, the company posted in its annual report. Sales revenues amounted to PLN 3.37 billion last year, up 30.1 percent from PLN 2.6 billion in 2015, while LfL sales grew...