Locked content Bytom requests suspension of stock quotes on WSE from November 29

Bytom has submitted an application to the Warsaw Stock Exchange (WSE) to suspend share quotations from November 29, 2018 in connection with the planned merger with Vistula Group, the company said. At the beginning of June, the boards of the Vistula Group and Bytom adopted resolutions regarding the i...

Locked content Vistula Group plans to have 450 stores by end of 2018

Vistula Group expects to increase its sales network to 450 stores by the end of the year, the company said. It also estimated that online sales will exceed 10 percent of the group’s revenue at the end of 2018. By the end of Q3, the group had a retail network of 430 stores including the…

Locked content Bytom October revenue up 7.3%

WSE-listed fashion retailer Bytom had PLN 16 million revenue in October, a 7.3 percent increase compared to a year ago, the company said. Retail sales grew by 7.4 percent y/y to PLN 15.8 million. Gross margin stood at 54.5 percent in October, flat versus a year ago. Wholesale revenue amounted to PLN...

Locked content Vistula Group will change name after merger with Bytom

Shareholders of Vistula Group agreed on Wednesday to change the company name to VRG as a result of Bytom and Vistula Group merger. The new name will be effective from December. Vistula management board said that keeping the name of one company brand may in the longer term cause difficulties in commu...

Locked content KNF approves Bytom and Vistula merger plan

The Financial Supervision Authority KNF approved the share issue tied to the merger of WSE-listed clothing retailers Vistula and Bytom. According to the merger plan, Vistula Group will receive a 100 percent stake in Bytom. Initially, the companies agreed that one share of Bytom will be exchanged for...

Locked content Bytom with PLN 4.3 mln net profit in H1

Fashion retailer Bytom reported H1 consolidated net profit of PLN 4.3 million, almost flat compared to a year ago. Operating profit grew to PLN 6.9 million from PLN 5.3 million y/y. Revenue stood at PLN 98.8 million compared to PLN 87.5 million in H1 2017. The growth was mainly attributable to the i...

Locked content Bytom sales up 22% in August

WSE-listed fashion retailer Bytom had PLN 15.5 million in sales revenues in June, registering a 22.4 percent y/y increase. Year-to-date Bytom sales grew by 13.7 percent y/y to PLN 127.1 million, while like-for-like sales grew by 9.9 percent to PLN 117.67 million….

Locked content UOKiK approves Vistula and Bytom merger

The antitrust watchdog UOKiK gave the green light for the merger of Vistula Group and Bytom, the companies said. According to the merger plan, Vistula Group will receive a 100 percent stake in Bytom. Initially, the companies agreed that one share of Bytom will be exchanged for 0.82 percent Vistula s...

Locked content Bytom sales up 18.9% in May

WSE-listed fashion retailer Bytom had PLN 19.4 million in sales revenues in May, registering an 18.9 percent y/y increase. Retail sales stood at PLN 18.8 million, including PLN 17.9 million like-for-like sales. Retail sales grew by 18.8 percent y/y, while lfl sales were up 13.4 percent. Wholesale sa...