Locked content US State Secretary Tillerson to visit Poland

The US State Secretary Rex Tillerson will visit Warsaw on Friday on his last leg of European tour following trips to London, Paris, and Davos. He will leave Poland on Friday evening. Tillerson will meet with President Andrzej Duda, Prime Minister Mateusz Morawiecki, and Minister of Foreign Affairs J...

Locked content Statima mulls IPO

Debt collector Statima wants to debut on the WSE this year, although the final decision is conditional on market conditions, CEO Michał Konieczny said. “We plan to increase our share in new market segments, such as insurance and energy, while strengthening our leading position on the mass market in ...

Locked content Cult Polish lock brand acquired by Swedish Assa Abloy

Locks manufacturer LOB SA, owner of the iconic Yeti brand has been acquired by a Swedish Assa Abloy, an electromechanical security producer. LOB SA has been founded some 90 years ago and produces nearly 600 different security products, including the Yeti keylocks. According to the Assa Abloy represe...

Locked content Energa with PLN 525 mln EBIDTA in Q4 – prelim. figures

WSE-listed energy firm Energa recorded consolidated EBITDA of PLN 525 million in Q4 2017 and of PLN 2.16 billion for the whole year, according to the company’s estimates. The group produced 4,281 GWh of energy in 2017, distributed 22,068 GWh and sold 20,615 GWh of power in last year. “Cost optimizat...

Locked content AmRest with 25% rise in revenue in Q4 – preliminary results

WSE-listed restaurant operator AmRest’s revenue for Q4 amounted to PLN 1.51 billion, marking a 25.1 percent increase year-on-year, according to the company’s preliminary results. In local currencies sales increased by 28 percent in the same period, the company stated. In CEE countries sales stood at...

Facebook to open digital training hub in Poland

Social media giant Facebook said it will open three new training centers in Europe, including one in Poland. The hubs will train volunteers in digital skills and hope to coach one million people over the next two years. Other two European facilities will be located in Spain and Italy.

Locked content PSL loses one MP, gains another

MP Mieczysław Baszko left the Polish People’s Party (PSL) and joined Alliance grouping led by Deputy PM Jarosław Gowin (part of Law and Justice ruling coalition). After his decision, PSL was down to 14 MPs and would lose its caucus status reserved for parties with at least 15 MPs. PSL avoided that f...

Locked content PGNiG Q4 results to take PLN 776 mln hit from impairments

WSE-listed gas giant PGNiG will have PLN 776 million negative impact on its Q4 operating results on impairments and expenses write-offs, the company said in a market filing. The impairments include PLN 176 million for assets in the upstream segments due to the assessment of future cash flows, change...

Locked content Esotiq & Henderson launches buyback program

The extraordinary general meeting of listed on NewConnect Esotiq & Henderson authorized the management board to purchase a maximum of 446.7k own shares for a maximum of PLN 21 million, the company said in a market filing. “The total number of treasury shares purchased will not exceed 446 700. Th...

Locked content Corelens to change sectors from medicine to real estate

Listed on the small-cap, alternative NewConnect market Corelens, plans to change the scope of its activity and start developing residential and commercial facilities, the company said in a market filing. ”In connection with the observed in recent years lack of significant increases in the value of t...