Locked content GPW with PLN 79.1 mln net profit in Q2

Giełda Papierów Wartościowych, the operator of the Warsaw bourse, posted PLN 79.1 million attributable net profit in Q2 versus PLN 41.9 million y/y. Operating profit stood at PLN 46.3 million compared to PLN 49.0 million in Q2 2017. EBITDA was PLN 54.4 million. Revenue slightly fell to PLN 86.7 mill...

Locked content Shareholders to decide whether GetBack will exist

On August 27 shareholders of the troubled debt collector GetBack will vote whether the company should still exist, according to the annual general meeting (AGM) agenda. In addition, shareholders will vote on approval of financial statements for 2017, the method of covering 2017 loss and granting dis...

Locked content Average debt per person at PLN 5,500 – Kruk

An average debt amount among Poles, who have a debt, stood at PLN 5,500 at the end of H1, Grupa Kruk reported. This is about PLN 800 more than an average salary. The total debt of Poles amounted to PLN 32 billion, 15  percent more versus a year ago. The number of indebted people also…

Jitters, toasts and the whole shebang

There are 190,000 weddings held each year in Poland. At PLN 25,000- PLN 100,000 a pop, that rounds up to a hefty sum for the wedding industry. Even though the number of ceremonies is dropping, they are becoming more lavish, spectacular – and expensive

Locked content Crowdfunding payments up 191% y/y – zrzutka.pl

Internet users’ payments for crowdfunding amounted to almost PLN 16 million in H1, which is a 191 percent increase versus a year ago, crowdfunding portal zrzutka.pl informed. The average contribution in 2018  so far was PLN 65. The number of money collections grew by 369 percent to more than 6...

New tenant at Skanska’s High5ive in Kraków

Fitness club operator My Fitness Place has leases 1,900 sqm at Building 4 of the High5ive office complex, which Skanska is now developing in downtown Kraków. The transaction was brokered by Colliers International with the tenant expected to open its club in the location in March 2020. The High5ive c...

Savills managing Zgorzelec mall

Savills has been appointed as the manager of the Zgorzelec Plaza shopping and entertainment center in Zgorzelec in Lower Silesia, which is owned by the M7 Real Estate fund. The mall comprises approximately 12,500 sqm of leasable retail space and houses such tenants as Empik, H&M, Multikino, Komp...

Locked content mBank says PLN 1.25 bln profit for 2018 is ‘within reach’

Lender mBank stated that net profit from base operations at PLN 1.25 billion, as has been forecast by analysts, is “within reach,” CEO of mBank Cezary Stypułkowski said at a press conference. In H1 of this year, the mBank group recorded net profit of PLN 698.4 million. In Q1, the sale of mFinanse br...

Locked content Piotr i Paweł close to finalizing M&A talks

Retail chain Piotr i Paweł is close to finalizing talks with a strategic investor, whose name will be disclosed once the deal is formalized, the company stated in a market filing. “Talks are advanced and we are getting close to the end of the M&A process,” said Robert Krzak, deputy CEO of Piotr ...

Locked content Moody’s projects energy wholesale prices at PLN 180-230/MWh

Moody’s expects wholesale power prices to vary within a range of PLN 180 to PLN 230 (€42-54)/per megawatt hour (MWh) in the five years to 2022, Moody’s stated in a report. This compares with a current one-year forward price of above PLN 200/MWh and is higher than the range of PLN 160 to 180/MWh prev...