Locked content LPP with 18% revenue growth y/y in December

WSE-listed fashion retailer LPP has posted consolidated revenue from sales of PLN 893 million in December, marking an 18 percent increase y/y. For 2017, revenue amounted to PLN 7.03 billion, which is 17 percent higher than last year. Internet sales increased by 135 percent y/y to PLN 61 million in D...

Locked content LOT with PLN 280 mln EBITDA in 2017

State-owned airline LOT had PLN 280 million profit from its core operations this year, company’s CEO Rafał Milczarski said. The result is nearly 100 million better than last year’s result. “LOT is fully capable of self-financing its development, does not need support and generates historically high ...
Image: PHN

PHN launches Yacht Park project in Gdynia

General contractor Korporacja Budowlana Doraco has started construction work on the first phase of the Yacht Park residential project, which state majority-owned, Warsaw Stock Exchange-listed investor Polski Holding Nieruchomości (PHN) is now developing in Gdynia on the Baltic coast. The builder wil...

PMI reaches 55 pts in December

The Purchasing Managers Index for Poland in December has increased to 55 points, from 54.2 points in October. The market consensus was 54.5 points. This is the reading’s highest result in 34 months.

Locked content CCC December sales soar

WSE-listed footwear retailer CCC recorded consolidated revenue of PLN 467.8 million in December, a 41.9 percent y/y growth. Since the beginning of the year, revenue stood at PLN 4.19 billion, marking a 31.6 percent increase y/y. Revenue in traditional stores was 33.7 percent higher than in the corre...

Foreign trade surplus reaches PLN 8 bln at end-Q3 – GUS

In the first nine months of 2017, Polish exports turnover amounted to PLN 640.64 billion, while imports amounted to PLN 632.62 billion. Trade surplus reached PLN 8.02 billion. In comparison to the corresponding period of 2016, exports increased by 8.1 percent and imports by 9.2 percent, data from Po...

Locked content Newag to sell 20 train engines for PLN 350 mln to PKP Intercity

WSE-listed rolling stock producer Newag placed the best bid for sale and maintenance of 20 train engines to state-run passenger rail company PKP Intercity, offering PLN 17.7 million gross per unit, which puts the value of the deal at PLN 354 million combined. Newag’s offer secured 93.46 points, foll...

Locked content Benefit withdraws from Calypso takeover

WSE-listed employee benefits program operator Benefit System withdrew its bid for Calypso Fitness, as the conditional takeover deal expired. The company failed to secure antitrust watchdog UOKiK approval for the deal and retracted the motion. Back in November, Benefit signaled UOKiK had reservations...

Locked content Tauron extends talks with PFR on Jaworzno project

WSE-listed power utility Tauron extended the deadline for negotiations with state-run development fund PFR for another two months regarding the investment in the Tauron’s Jaworzno plant. Back in June, PFR said it can invest up to PLN 880 million to aid the construction of the new 910 MW block in Jaw...