Locked content Inea with PLN 900 mln financing for fiberoptic network

Broadband network provider Inea, owned by Macquarie European Infrastructure Fund 5 (MEIF5), has secured PLN 930 million financing from a consortium of eight financial institutions, the company stated. The funds are earmarked for the construction of fiberoptic network within the “Digital Poland” Oper...

Locked content ZE PAK 2017 net profit down 26.4% y/y

Fourth largest electricity producer in Poland ZE PAK recorded a drop of 26.4 percent y/y in net profit to PLN 184 million in 2017, the company stated. The group’s EBITDA decreased by 13.8 percent y/y to PLN 512 million, while consolidated revenue came in at PLN 2.44 billion (9.69 percent lower than ...

Locked content Grupa Azoty with PLN 1.6 bln CAPEX for 2018

Chemicals producer Grupa Azoty plans investment outlays of PLN 1.6 billion in 2018, deputy CEO Paweł Łapiński stated at a press briefing. Last year Grupa Azoty’s CAPEX came in PLN 1.069 billion, which was lower than the PLN 1.3 billion the company had planned, Łapiński added. Grupa Azoty is one of t...

Locked content Henkel Polska completes new production line for PLN 100 mln

Detergent producer Henkel Polska has completed a PLN 100 million investment in a new production line for laundry gel detergent in Racibórz, in response for the growing consumption of laundry gels replacing powder detergent. The new line will produce gels under the brands Persil and E for 10 CEE mark...

Locked content Budimex with PLN 154 mln deal for Gdańsk wharf

The management of the Gdańsk Sea Port has selected Budimex’s offer for the expansion of one of its wharfs for a total sum of PLN 153.7 million, Budimex stated. The works are set to launch within 30 days upon the conclusion of the agreement and are scheduled for completion within 96 weeks…...

Locked content Poczta Polska with 10% revenue bump y/y in 2017

Postal operator Poczta Polska recorded an increase in revenue of 10 percent y/y in 2017 to reach PLN 6 billion, the company stated. It also posted PLN 66.6 million in gross profit. Last year Poczta Polska delivered 120 million parcels and reached an 18 percent market share in the parcel segment̷...

Locked content Poland marks 75th anniversary of the Warsaw Ghetto Uprising

Polish and Jewish representatives, including Warsaw mayor Hanna Gronkiewicz-Waltz, and honorary citizens of Warsaw Halina Birenbaum, Krystyna Budnicka and Marian Turski attended commemorations at the site of the former Warsaw Ghetto on the 75th anniversary of the Warsaw Ghetto uprising, which featur...

Locked content CBOS: Duda work seen positive, Sejm negative

A new opinion poll has shown that the number of Poles who assess Polish president Andrzej Duda’s work positively has increased by 3 percentage points to 63 percent according to a poll conducted by CBOS. Currently, 28 percent (unchanged) of the respondents gave the president’s activity a ...

Locked content Energa with PLN 626 mln Q1 EBITDA – estimates

WSE-listed power utility Energa had a PLN 626 million EBITDA in Q1, according to the company preliminary results. Out of that figure, PLN 509 million came from the distribution sector. Last year, the company posted a PLN 601 million EBITDA. The company produced 1,039 GWh electricity and distributed ...

Locked content Small format stores sales grow 9% in March

The sales in small format stores (up to 300 sqm) grew by 9 percent y/y and 23 percent m/m in March, the Polish Chamber of Commerce PIH said. “This was not only due to the fact that March has three more days than February, but also due to increased purchases related to preparations for Easter…....