Locked content CCC with term sheet deal to buy minority stake in HR Group

WSE-listed shoe retailer CCC signed a term sheet agreement to buy 32.84 percent in HR Group Holding, the owner of a number of retail chains in Europe, including German Reno, as part of the deal, CCC will sell its German operations to HR Group. The price has not been announced yet as both sides are&#...

Locked content Eurocash with PLN 36.4 mln Q3 profit

WSE-listed FMCG retailer Eurocash had PLN 36.4 million attributable net profit in Q3, up by 2 percent y/y, and slightly below the PLN 37 million expectations. Revenues were up 12.2 percent y/y to PLN 6.2 billion, while EBITDA increased by 3.5 percent y/y to PLN 105.1 million. The wholesale segment e...

Locked content Delko to buy 50% in A&K Hurt-Market for PLN 7 mln

Delko has signed a preliminary conditional agreement regarding the purchase of 50 percent stake in A&K Hurt-Market for PLN 7 million – Delko announced in a statement. Delko is a distributor of household chemistry products, cosmetics, and personal hygiene products. Delko products are distri...

Locked content Alior Bank with PLN 172.9 mln Q3 net profit

WSE-listed Alior Bank posted a PLN 172.9 million attributable net profit in Q3, down from PLN 178.2 million last year. Net income from interests was reported at PLN 781.4 million, up by 7 percent y/y. Fees and commissions amounted to PLN 106.6 million, up from PLN 97.3 million last year. Alior’s tot...

Locked content GDDKiA chooses Budimex for S19 expressway section

WSE-listed Budimex offer for the construction of a section of the S19 expressway (Nisko Południe-Sokołów Małopolski Północ) was chosen as the most favorable by the General Directorate for National Roads and Motorways (GDDKiA). The value of the offer is PLN 232.85 million net, the company said. Budim...

Locked content Poles plan to spend on average PLN 719 for Christmas

On average Poles are ready to spend PLN 719 for the organization of Christmas holidays, nearly the same as in the previous years, according to Barometr Providenta survey. Participants aged 40-59 are willing to spend the most – an average of PLN 812. Seniors declared the lowest budget (PLN 554)...

Locked content Nextbike unit wins tender for bike system in Poznań

Nextbike unit offer for the commissioning and operation of public bike rental system in Poznań until 2022 was chosen as the most favorable. The value of the offer is PLN 19.05 million gross, Nextbike said. The order concerns a fourth generation bike system consisting of 500 bikes, including 30 elect...

Locked content PGNiG signs long-term deal for LNG supply with Cheniere

PGNiG signed a binding long-term contract for the purchase of liquefied natural gas (LNG) from Cheniere Marketing International. “Thanks to this agreement we will have regular supplies of LNG from the USA starting as early as 2019,” the company said. It added that the contract is for 24 ...

Locked content General government deficit seen at 0.9% GDP in 2018 and 2019

European Commission (EC) forecasted Poland’s deficit in the general government sector at 0.9 percent of GDP this year and in 2019 versus 1.4 percent of GDP in 2017. In 2020, the Commission expects the deficit to rise to 1 percent of GDP. In May the Commission expected a deficit of 1.4 percent ...

Locked content Cyfrowy Polsat Q3 net profit at PLN 226.1 mln

Cyfrowy Polsat recorded PLN 226.1 million of consolidated net profit attributable to shareholders (according to IFRS 15) in Q3 versus PLN 242.9 million (according to IAS 18) a year ago. Operating profit amounted to PLN 396.5 million (IFRS 15), compared to PLN 421.9 million (IAS 18) y/y. Revenue grew...