Pengab banking sentiment drops in February

The Pengab index, which measures conditions in the banking industry, decreased by 4.6 points month-to-month to 22.3 points in February, according to the Monitor Bankowy report issued by Kantar TNS. Last year, the indicator stood at 23.2 points.

GUS: Q4 GDP growth at 5.1%

Poland’s GDP grew by 5.1 percent y/y in the Q4 compared with a 4.9 percent increase in Q3, Central Statistics Office GUS said confirming the previous flash estimate.

Locked content Biedronka with €805 mln EBITDA for 2017

Retailer Biedronka had €805 million EBITDA in 2017, up by 13.8 percent y/y, owner Jeronimo Martins stated. “Within a positive and dynamic consumption environment, Biedronka seized a series of opportunities for sales growth and strengthened its market position. The Company developed its business mode...

Locked content Griffin Premium plans €400 mln private placement. Will change name

WSE-listed REIT-like company Griffin Premium RE, plans €400 million private offer addressed mainly to the company’s major shareholders with an over-allotment option in the case of significant investor demand. The company’s management board will also propose to the extraordinary general meeting chang...

Locked content Enea with PLN 1.07 bln 2017 net profit

WSE-listed power utility Enea generated an attributable net profit of PLN 1.07 billion in 2017, and PLN 284 million in Q4, according to the company’s preliminary financial results. The company’s revenue from sales stood at PLN 11.4 billion, EBITDA reached PLN 2.68 billion, and EBIT at PLN 1.49...

Locked content Budimex 2017 profit up

WSE-listed builder Budimex posted PLN 127.4 million attributable net profit in Q4, down by 19.8 percent year-on-year, the company said in a market filing with preliminary results. The revenue amounted to PLN 1.8 billion, up by 25 percent y/y. Operating profit was down by 17.4 percent at PLN 162 mill...

Locked content PKO BP sells PLN 1 bln subordinated bonds

WSE-listed lender PKO BP sold 1 billion subordinated bonds. The 10-year papers were priced 150 bps above WIBOR 6M. The bank has reserved a call option for early redemption after 5 years and hopes to allocate the funds from the issue in its Tier 2 capital, pending Financial Supervision Authority appr...

Locked content JSW to take PLN 759 mln hit on mine impairments

WSE-listed coal miner JSW will take a PLN 759.1 million hit to its 2017 financial results from impairments on its mines Budryk-Szczgłowice and Budryk, the company said in a market filing. Furthermore, the company’s coke subsidiary JSW Koks will take a PLN 113.4 million write-off, but it will only af...

Locked content Tauron to sign deal with PFR on Jaworzno project ‘within weeks’

WSE-listed power utility Tauron hopes to sign the deal with state-run development fund PFR regarding the investment in the Tauron’s Jaworzno plant “within weeks,” the company said in a market filing. The talks are still ongoing despite the deadline running out. Back in June, PFR said it can invest u...