Locked content Erbud with two contracts worth PLN 73 mln

Construction company Erbud signed two contracts for construction work in Poznań and Kraków for a total sum of PLN 72.6 million, the company stated. The first deal is for a residential/service scheme in Poznań worth PLN 30.7 million, set to be completed in February 2020. The other contract is for the...

Locked content Sygnity with PLN 12 mln EBITDA and revenue at PLN 254 mln

IT firm Sygnity reported EBITDA of PLN 11.7 million after the first three quarters of the fiscal year 2017/2018. Adjusted for one-off items, EBITDA stood at PLN 21.3 million. The company has a backlog for 2017/2018 of PLN 335 million. After the first three quarters, revenue came in at PLN 254.2 mill...

Locked content Ostróda Yacht files with UOKiK for Delphia takeover

Yacht producer Ostróda Yacht has filed an application with the Office of Competition and Consumer Protection (UOKiK) for the acquisition of the Delphia Yachts Kot, the anti-monopoly watchdog stated. The application was filed on August 10. Ostróda Yacht is fully controlled by the Beneteau Group, acti...

Locked content Industrial production in Poland up 6.7% in June

Seasonally adjusted industrial production in Poland grew by 6.7 percent y/y in June compared to 7.6 percent growth a month ago, EU’s statistics office Eurostat stated. On a monthly basis, Poland registered growth of 0.1 percent. In EU industrial production rose by 2.6 percent y/y in June and f...

Vegetable harvest in EU suffers from drought

Prolonged drought in Europe has caused serious problems in vegetable cultivation; harvests of peas, beans, onions, zucchini, and spinach reduced the most.  With the hot and dry weather continuing throughout July, the situation for vegetable growers and processors became the hardest over the last for...

Locked content GDP growth may reach 5% in 2018 – analysts

In Q2 GDP unadjusted seasonally (at constant average prices of the previous year)  grew by 5.1 percent quarter-on-quarter,  the Central Statistical Office (GUS) reported. Seasonally adjusted GDP (in constant prices referred at 2010) increased by 0.9 percent compared to Q1 and was 5 percent higher y/...

Locked content Nextbike targets 2018 EBITDA at PLN 16.4 mln

Bike sharing operator Nextbike targets 2018 EBITDA at PLN 16.4 million, a 5 percent increase compared to 2017. Revenue is seen at PLN 70.5 million, 62 percent more than last year. The company also estimates that the number of bicycles available through its system will reach 17,800 by the end of 2018...

Locked content Wawel H1 net profit down at PLN 30.5 mln

Confectioner Wawel H1 net profit fell to PLN 30.5 million from PLN 34.9 million a year ago. Operating profit stood at PLN 36.7 million versus PLN 36.6 million a year ago. EBITDA grew to PLN 50.9 million from PLN 48.3 million y/y. EBITDA margin was 20.1 percent. Revenue rose to PLN 252.9 million comp...

Locked content Groclin plans mass layoffs due to shrinking revenue

The management board of automotive parts producer Groclin has launched consultation procedures due to group layoffs the company is planning to carry out between August and December 2018, making 321 employees redundant, which is 45 percent of the company’s payroll, the company stated. Groclin explain...

Locked content 750 firefighters’ interventions due to violent storms

Firefighters had to intervene 750 times due to violent storms and gales that swept the country on Saturday. Roofs on 69 buildings were torn, including 36 residential ones, fire services spokesperson Paweł Frątczak told PAP. The majority of interventions took place in the Mazowieckie voivodship (182)...