Locked content GetBack receives three offers for selected assets

By October 4 GetBack has received three offers for purchase of selected company assets, including offers to buy debt portfolios, GetBack said in a statement. According to the board, the offers are in line with the company’s need for rehabilitation. The offers will be presented to CreditorsR...

Locked content Work Service signs prelim. deal to sell Exact Systems

HR company Work Service signed a preliminary agreement to sell 69.09 percent stake in Exact Systems. The buyer is Remango Investments, an SPV established by Paweł Gos, Lesław Walaszczyk and a fund tied to CVI Dom Maklerski. The price was set at PLN 139.8 million, however, the payment of PLN 13 mln w...

Locked content Nestmedic signs LoI with Finnish Steripolar

Medical equipment producer Nestmedic signed a Letter of Intent (LoI) with Steripolar Oy for distribution of Pregnabit telemedicine system on the Finnish market, the company said. Pregnabit tests at the Helsinki University Hospital have been successful, parties informed. Steripolar declared its inter...

Locked content Diesel market grew by 30% in 2 years – Orlen estimates

PKN Orlen estimated that in the last two years diesel oil market in Poland grew by around 30 percent due to the reduction of the so-called gray zone. “The increase in the legal sale of fuels has been maintained, which was beneficial for the entire industry, not only for PLN Orlen,” the c...

Locked content AAA Auto: 1.9 mln used cars sold in Poland in Q1-Q3

The total number of used cars sold in Poland in Q1-Q3 amounted to 1.9 million, 272,451 cars more than a year ago, according to AAA Auto report. The average price of a used car offered for sale grew by PLN 200 compared to the same period in 2017. The most popular models were Opel Astra,…

Locked content TXM revenue declines due to warm weather

Clothing company TXM recorded preliminary consolidated revenue in September of about PLN 29 million, registering 20 percent decrease y/y. The results were affected by the weather: high temperatures in September led to lower sales of Autumn collection, TXM CEO Marcin Gregorowicz said in a statement. ...

Unemployment rate at 5.8% in September

September unemployment rate remained unchanged compared to August and stood at 5.8 percent, the Minister of Labor Elżbieta Rafalska said. The number of unemployed people in September was about 948,900, which is 9,700 less than in August. On the annual basis, unemployment decreased by 15.1 percent.

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...

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 ...