Locked content Wojas September revenue down at PLN 21.8 mln

In September revenue of Polish footwear manufacturer and distributor Wojas fell by 5.5 percent y/y to PLN 21.8 million, the company said.  Consolidated revenue from retail sales amounted to PLN 14.4 million and was lower by 13.8 percent y/y. In January – September total revenue declined by 1.3...

Locked content Wittchen sales up 74% in September

Leather goods retailer Wittchen recorded consolidated sales of PLN 32.3 million in September, 74 percent higher versus a year ago. Revenue from retail sales stood at PLN 20 million, up 23 percent compared to September 2017.  Sales in B2B segment jumped to PLN 12.2 million. Total revenue in January-S...

Stokrotka expanding at MLP Lublin park

Stokrotka, a company managing an eponymous chain of grocery supermarkets, has leased an additional 11,300 sqm at the MLP Lublin logistics park in south-eastern Poland. Thanks to the deal, the tenant will almost double the amount of space it occupies in the location. The newly leased area is to be de...

Locked content Astaldi’s problems should not affect construction at Zakopianka

Italian construction company Astaldi, which has several important projects in Poland, including the construction of railway lines, an extension of the Warsaw metro and tunnel drilling on Zakopianka road, faced severe financial problems. According to analysts quoted in the Italian media, the company ...

Locked content Glapiński sees interest rates stable until end 2019

Head of Poland’s Central Bank (NBP) Adam Glapiński confirmed his estimate that there will be no reasons to change interest rates until the end of 2019. In his opinion, if the situation does not change, the period of interest rates stability may be prolonged. On Wednesday Monetary Policy Counci...

Locked content Mostostal Zabrze unit signs PLN 31.5 mln contract

Mostostal Zabrze Gliwickie Przedsiębiorstwo Budownictwa Przemysłowego (GPBP) – a unit of Mostostal Zabrze – signed an agreement with Świętochłowice Municipality for the reconstruction of the speedway stadium. The contract value is up to PLN 31.5 million net (PLN 38.8 million gross), the ...

Locked content 51 mergers and acquisitions in Q3 – Fordata

In Q3 there were 51 mergers and acquisitions in Poland, 9 more than in the same period of 2017, Fordata analysts said in M&A Index Poland report. The biggest number of M&A was in Media / IT/telecommunications (16 percent), Industrial sector (14 percent) and FMCG (12 percent). The largest tra...

Locked content GUS revises GDP growth for 2017

The economic growth in Poland (seasonally unadjusted) amounted to 4.8 percent in 2017, the Central Statistical Office (GUS) reported. Earlier GUS estimated 2017 economic growth at 4.6 percent. GUS also revised the growth for 2016 to 3.1 percent from 3 percent, while the growth for 2015 remained unch...

Retail sales in Poland up 6.5% in August – Eurostat

In August retail sales in Poland grew by 6.5 percent y/y following 7.7 percent annual growth in July, Eurostat reported. On the monthly basis, retail sales fell by 0.7 percent. The annual data has been adjusted by the number of working days, and the monthly data is also seasonally adjusted, Eurostat...

Locked content Geotrans plans to pay dividend of 20-100% net profit

Waste management company Geotrans adopted a new dividend policy. Under the policy, Geotrans plans to distribute 20-100 percent of net profit as dividends in the next years. The dividend amount will depend on the company’s financial position, liquidity ratios and development plans, as well as any res...