Locked content PGE with PLN 2.2 bln EBITDA

Energy giant PGE recorded EBITDA of PLN 2.214 billion in Q1 2018, and net profit of the parent company amounted to PLN 959 million (PLN 0.51 per share), according to the company’s preliminary calculations. In the same period of last year, EBITDA stood at PLN 1.948 billion, and net profit at PLN 964 ...

Locked content Smog meter network for city buses wins Smart City competition

Mobile smog meters for city buses was the winning tech idea at the Katowice Smart City forum. The solution was proposed by students from Silesian University of Technology. The mobile gauges would be installed on city buses and allow for more precise smog detection and measurement, while an system us...

Locked content PKN Orlen plans to open 150 charging points for electric cars

PKN Orlen plans to open 150 charging points for electric cars in Poland in the next few years. “Our strategic plan for the coming years, or even by the end of 2019, to have 150 charging points for electric cars at our stations ,” PKN Orlen board member said. He added that a first such…

Locked content Getin Noble Bank net loss widens to PLN 575 mln in 2017

Getin Noble Bank recorded a net loss attributable to shareholders of PLN 574.94 million in 2017. This is almost ten times more compared to a loss of PLN 58.55 million in 2016. Getin Noble Bank S.A. Group net loss amounted to PLN 573.3 million. The result was negatively affected by net impairment los...

Locked content Biedronka sales grow by 15.6% y/y in Q1

Retailer Biedronka registered in the first quarter sales growth by 15.6 percent year-on-year to €2.9 billion. In PLN sales grew by 11.9 percent. Like-for-like sales rose by 8.6 percent, the company said. EBITDA amounted to PLN 198 million (up 15.7 percent), EBITDA margin was flat at 6.8 percent. In ...

Locked content Number of clients in shopping centers declines by 5% in March

The number of clients in the shopping centers in Poland declined by 5.1 percent in March, research company FootFall said. March was the first month when malls in Poland were closed on some Sundays due to the trade ban. According to the plan, since 2019 only one Sunday per month will be left for shop...

Locked content Krzysztof Figat will become Polimex-Mostostal CEO

Polimex-Mostostal board named Krzysztof Figat CEO as of May 11. Since October 2016 Figat was CEO of Enea Wytwarzanie. Earlier he worked at PGNiG Termika as Vice President of Economics and Finance. Previous CEO Antoni Józwowicz left his post at Polimex-Mostostal on April 3, citing personal reasons. A...

Locked content Inter Cars plans to create joint venture with Liberty Motors

WSE-listed auto parts distributor Inter Cars signed with Liberty Motors term sheet agreement for establishing a joint venture (JV). The parties plan to create a limited liability company, which will operate in the distribution of motorcycles, motorcycle parts, and accessories. Inter Cars will hold 6...

More Murapol apartments available in Łódź

Developer Murapol has launched sales of apartments in the second phase of its Murapol Nowa Przędzalnia residential project in Łódź. On offer are a total of 154 housing units in two seven-floor buildings that are scheduled to be completed in the third quarter of 2019. When fully developed, the Murapo...