Locked content Azoty file an offer for German Compo Expert

WSE-listed chemicals group Azoty has filed a non-binding offer to buy German fertilizer producer group Compo Expert, Azoty said in a market filing. Compo Expert is a global, specialty fertilizers. Its owner is a British XIO Group. “The product offer of Compo Expert would expand the product portfolio...

Locked content LPP qith PLN 302 mln Q4 net profit

WSE-listed fashion retailer LPP recorded PLN 302 million net profit in Q4 up by 90.9 percent y/y according to the company’s early estimates. The group’s revenue stood at PLN 2.14 billion, a 15.8 percent y/y growth, while gross profit from sales amounted to PLN 1.23 billion. For the full 2017, the co...

Locked content Deutsche Bank to sell 1.2 mln BZ WBK shares at PLN 380 apiece

Deutsche Bank sold 1.2 million shares (1.2 percent stake) in WSE-listed lender BZ WBK in an accelerated book building at PLN 380 apiece. The demand was over 2.5 times higher. “The shares were borrowed from Santander prior to the sale. After settling the placement to be held on February 20, the selle...

Locked content Poland announces details of the employer-sponsored pension plans

The government announced the details of its planned employer-sponsored pension plans PPK. Depending on the scenario it hopes to boost the capital market with PLN 15-32 billion per year by 2021. The baseline scenario assumes that employers and employees contribute the minimum combined 3.5 percent of ...

Locked content ZUE with PLN 0.1 mln net profit

WSE-listed builder ZUE had PLN 0.1 million net profit last year, according to the company’s preliminary results. Revenues stood at PLN 465.3 million, while EBIT amounted to PLN 1.64 million. “In the fourth quarter of 2017, as in the third quarter, the company effectively used the operational capabil...

Locked content Raiffeisen joins BLIK payment system

Raiffeisen Polbank has implemented the mobile payments system BLIK to its mobile application. “Introducing BLIK payments is another step on the way to implementing our strategy of providing customers with convenient solutions that, while remaining easy to use, make it much easier for users to meet v...

Locked content BIG Infomonitor: Poles’ debt grew by PLN 10.8 billion in 2017

Poles’ overdue debt amounted to PLN 64.5 billion last year, an increase by PLN 10.8 billion compared with the end-2016, according to an InfoDług report published by BIG Infomonitor. The number of unreliable debtors increased by 193k to over 2.5 million people. The average unpaid debt is worth PLN 25...

Locked content Small format stores sales grow 3.7% in January

The sales in small format stores (up to 300 sqm) grew by 3.7 percent y/y in January and down by 12 percent m/m, the Polish Chamber of Commerce PIH said. “January is one of the worst months for retail, both in terms of the number of transactions and their value. Compared with December, when customers...

Locked content WSE suspends trading of 6 NewConnect companies

WSE management suspended trading of six companies, listed on the small-cap, alternative NewConnect market. They include, yacht producer Admiral Boats, EU fund advisory Centrum Wspierania Projektów Europejskich, software producer Infosystems, constructors LZMO and Navimor-Invest, and renewable energy...

Locked content KUKE sold PLN 192 mln worth of export insurance last year

Export Credit Insurance Corporation (KUKE) sold PLN 192 million worth of export insurances last year, up by 41 percent y/y. The value of projects insured in KUKE in 2017 amounted to PLN 1.6 billion. “Key investment projects at KUKE relate to various sectors, from services to mining machines,” compan...