H&M to take up 30,000 sqm at Segro’s Poznań park

Fashion retailer H&M and developer Segro have signed a lease agreement for 30,000 sqm of warehouse space at the Segro Logistics Park Poznań, Gądki park in western Poland. The distribution center will service the online operations of the tenant. The transaction between H&M and Segro was broke...

Locked content Bioton with PLN 2.19 mln net profit in Q1

Bioton reported PLN 2.19 million of consolidated net profit in Q1 2018 compared to PLN 10.8 million loss a year earlier, the company said in a report. Operating profit amounted to PLN 6.06 million compared to PLN 2.07 million loss a year earlier. Consolidated revenue reached PLN 69.03 million in Q1 ...

Locked content 7Levels debuts on NewConnect on June 5

7Levels, a Kraków-based producer of games for the Nintendo Switch, will debut on the small-cap, alternative NewConnect market on Tuesday, June 5, the Warsaw Stock Exchange informed in a press release. 7Levels at the end of October 2017 issued 25,000 new C-series shares. The issue price was PLN 60 pe...

Locked content Poland may not reach 50% recycling by 2020 – NIK

There is a threat that Poland will not reach the 50-percent level of recycling of the EU-designated regulation in 2020 – the Supreme Audit Office NIK informed in a report. According to NIK, it is necessary to intensify actions at all levels, starting from the gminas, through regions to the Min...

Locked content CCC sales up 14.7% in May

Footwear retailer CCC recorded consolidated sales revenue in May of PLN 465.8 million, 14.7 percent more compared to a year earlier. In January-May, revenues stood at PLN 1.6 billion, an increase of 10 percent y/y. Revenues from retail sales in CCC stores in May amounted to over PLN 385.5 million an...

Locked content Quercus TFI recommends no dividend for 2017

Quercus TFI board recommended distributing 2017 profit to reserve capital. It is intended to cover all expenses related to the impact of potential losses on GetBack bonds held by funds managed by the company. Quercus TFI 2017 net profit amounted to PLN 34 million. The board also proposed shareholder...

Locked content Polska Grupa Lotnicza applies to UOKiK to buy PLL LOT

Polska Grupa Lotnicza filed an application to UOKiK to acquire control over Polskie Linie Lotnicze (PLL) LOT, LOT Aircraft Maintenance Services and LS Airport Services. Polska Grupa Lotnicza is a State Treasury company established to consolidate selected State Treasury assets on the aviation market....

Locked content Kraków Airport passenger traffic up 16% in May

Kraków Airport transported about 611,500 passengers in May, 16 percent more compared to a year earlier. During the first five months of 2018, Kraków Airport served over 2.6 million passengers, 19 percent more y/y. Growing number of passengers is the result of, among others new connections and their ...