Locked content AmRest to invest €6 mln in Russian bakeries

WSE-listed restaurant operator AmRest signed a cooperation agreement with LPQ Russia regarding the development of a restaurant activity in the bakery segment on the Russian market, the company said in a market filing. AmRest will invest €6 million in the venture and will become the majority sharehol...

Locked content Play with PLN 143 mln Q4 net profit

WSE-listed telecom operator Play Communications recorded a consolidated net profit of PLN 142.9 million in Q4 vs. PLN 149.5  million profit a year earlier. Operating profit was slightly down to PLN 360.2 million vs. PLN 360.8 million a year earlier. Adjusted EBITDA increased by 1.6 percent y/y to PL...

Locked content Beer sales drop

The beer market recorded a drop in sales, by 2.4 percent y/y in volume and by 1.3 percent in value last year according to the Nielsen study. “Consumers bought less beer, but were willing to spend more on it, hence the drop in sales value was smaller than the decrease in its volume,” said Agata…...

Locked content Apator with PLN 56 mln Capex for 2018

WSE-listed metering solutions provider Apator will spend PLN 56 million in 2018 investing in new products. The company also expects lower revenue for this year after tweaking its strategy. “We’ve made the decision that it is better to sell less, but with a higher margin, we are planning to assemble ...

Locked content Erbud to acquire German IVT Weiner + Reimann

WSE-listed builder Erbud signed a conditional €8.5 million deal to takeover German IVT Weiner + Reimann, the company said in a market filing. ”Another foreign company in Erbud’s structures will enable to increase profitability and also increase the share of revenues generated outside of Poland...

Locked content Emperia with PLN 35.7 mln 2017 net profit

WSE-listed retailer Emperia posted a PLN 10.13 million attributable net profit in Q4, 35.4 percent down y/y. Operating profit was down by 45.4 percent to PLN 10.7 million, while revenues amounted to PLN 699.3 million, an 11.5 percent y/y growth. For 2017, Emperia had PLN 35.75 million net profit com...

Locked content Pekao Q4 profit soars

WSE-listed Bank Pekao, posted PLN 1.05 billion attributable net profit in Q4 2017, up by an impressive 113 percent y/y, and above the consensus expectations for PLN 964 million. Revenue from interests increased by 7 percent y/y to PLN 1.19 billion, while earnings from fees and commissions, grew by 0...

Michael Page stays in Warsaw’s Lumen building

Personnel consulting and recruitment company Michael Page has renegotiated its lease agreement for office space in the Lumen building in downtown Warsaw and taken up additional area at the property. The tenant, who was represented by Savills during the renegotiation process, will now occupy a total ...

F.B.I. Tasbud with new Warsaw contracts

Construction company F.B.I. Tasbud has recently been appointed as the general contractor of five residential projects in Warsaw. The builder will build Cascade Residence for Marvipol Development (in the Mokotów district), Rezydencja Konrad for Mostostal (in Wola) and a new phase of My Bemowo for Nex...