Locked content Śnieżka sees 2018 results better than last year

Paint producer Śnieżka expects 2018 results to improve due to the growth of the paint market in Poland and stabilization of titanium white prices, Vice-President of the management board Witold Waśko stated. “We improve the results every year, and we believe this year there will be an improveme...

Locked content Gino Rossi sales down 14.9% in August

Fashion retailer Gino Rossi sales in August declined by 14.9 percent y/y to PLN 11.8 million. The share of B2B sales was 11.5 percent and fell by 21.1 percentage points compared to August 2017. Gino Rossi said that decrease in August sales resulted from lower sales in the B2B segment. In January-Aug...

Locked content Impel H1 net profit grows to PLN 9.4 mln

Outsourcing company Impel recorded a consolidated net profit of PLN 9.4 million in H1 versus PLN 6.3 million a year ago. Operating profit grew to PLN 21.2 million from PLN 20.6 million in H1 2017. EBITDA stood at PLN 46.0 million and declined by 0.2 percent y/y. Revenue (without subsidies) was at PL...

Locked content “Mama 4+” costs estimated at PLN 900 annually

Implementation of “Mama 4+” program, which gives benefits to those who raised at least four children but failed to earn the lowest pension, will cost PLN 900 million per year, the Ministry of Family, Labour and Social Policy estimated. Start of the program is scheduled for January 1, 201...

Locked content Maxcom launches export to Africa

Phone manufacturer and distributor Maxcom plans to expand into North, South and Central America and has launched export to Africa.  Maxcom’s phones are already available in Morocco and Nigeria, and the company prepares to enter other African countries. In H1 Maxcom increased its sales in Itali...

Locked content Wojas revenue up 14.8% in August

In August revenue of Polish footwear manufacturer and distributor Wojas grew by 14.8 percent y/y to PLN 16.8 million, the company informed. Revenue from retail sales stood at PLN 13.3 million and was higher by 14.2 percent than in August 2017. In the January-August period, total revenue amounted to ...

Locked content Kwieciński: 1.5 years of stable economic growth

Poland has been experiencing stable economic growth for a year and a half; none of the other EU countries has it, Minister of Investment and Development Jerzy Kwieciński said. “For four quarters in a row, we have been maintaining economic growth of 5 percent in relation to GDP,” the Mini...

Locked content Spanish CAF buys Solaris

Spanish transport giant CAF bought 100 percent in Solaris Bus & Coach, the Polish company said on Wednesday. CAF also signed a preliminary agreement with the Polish Development Fund (PFR) for the acquisition of 35 percent in Solaris by PFR. PFR CEO Paweł Borys did not provide the value of PFR in...

Locked content Top managers believe AI will lift profit – Microsoft

According to 90 percent of the top management representatives, artificial intelligence (AI) will have a positive impact on profit growth. Managers believe that AI will result in higher productivity (86 percent),  innovation of operations (84 percent), and creating new jobs (69 percent),  according t...

Locked content KGHM CEO: copper prices up to $7000/ton in 6-12 months

Copper prices can reach up to $7,000 per ton in a half-year to one-year perspective, KGHM CEO Marcin Chludziński.  “It results from the market, demand, and rationality of political decisions,”  Chludziński said. He noted that the situation between China and the US is stabilizing. The cop...