Locked content Bytom January sales on the rise

WSE-listed fashion retailer Bytom had a PLN 13.13 million in sales revenues (12.8 percent y/y increase) in January, the company said in a market filing. LfL sales were up 12.8 percent at PLN 13.13 million. Retail and wholesale sales margins amounted to PLN 6.94 million and were higher by 19.7 percen...

Locked content Vistula-Bytom merger to be renegotiated?

WSE-listed fashion retailers Vistula and Bytom might adjust the share parity in the planned merger, as Bytom sales are lower than estimated. “Based on the monthly sales reports, it seems that at some points the assumptions presented by the board when preparing the valuation could be too ambitious. W...

Locked content UOKiK extends Bytom-Vistula merger proceedings

The antitrust watchdog UOKiK has extended antimonopoly proceedings on the merger of clothing retailers Vistula and Bytom by 4 months. The case has been entered into the second phase of the proceedings, reserved for more complicated cases. UOKiK now can conduct, among others, market analysis. The mer...

Locked content Bytom Q3 profit down

WSE-listed fashion retailer had a PLN 1.95 million net profit in Q3, down by 54.7 percent y/y. Operating profit stood at PLN 2.48 million, down by 6.2 percent y/y. Revenues amounted to PLN 42.33 million, up by 17.9 percent y/y. In Q1-Q3, the company had PLN 6.21 million consolidated net profit compa...

Locked content Vistula and Bytom sign merger plan

WSE-listed fashion retailers Vistula and Bytom signed a merger plan, both companies announced. According to it, the share parity has been set at 0.82, meaning that for every Bytom share, its shareholders would receive 0.82 Vistula share. “Under the deal conditions, 60,658,220 Vistula shares valued a...

Locked content Vistula and Bytom file merger motion

WSE-listed fashion retailers Vistula and Bytom submitted an application to the Polish antimonopoly watchdog UOKiK seeking merger approval. “Vistula Group SA and Bytom SA intend to conclude a merger in the form of a merger pursuant, by transferring all the assets of Bytom SA (acquired company) to Vis...

Locked content Vistula hopes to iron out Bytom merger details within 2 weeks

Fashion retailer Vistula said that it plans to complete the merger talks with its competitor Bytom within two weeks. Vistula plans to set the share parity in the pending merger at 0.82, meaning that for every Bytom share, its shareholders would receive 0.82 Vistula share. The negotiation process sta...

Locked content Bytom with PLN 5.6 mln Q2 net profit

WSE-listed fashion retailer had a PLN 5.6 million net profit in Q2, up by 29.4 percent y/y, and a 500 percent q/q loss. The H1 net profit at PLN 4.2 million was down by 13 percent y/y. Revenues amounted to PLN 52.4 million, up by 30.4 percent y/y. H1 revenue stood at PLN 87.5 million…

Locked content Bytom sales up by 22.6% in H1

WSE-listed fashion retailer Bytom enjoyed a 22.6 percent y/y increase in sales to PLN 84.62 million in the first six months of the year. Like-for-like sales increased by 10.6 percent y / y to PLN 73.71 million, the company said in a market filing. Sales margins amounted to PLN 42.16 million in H1, u...

Locked content Vistula and Bytom agree on merger

Management boards of fashion retailers Vistula and Bytom came to agreement on the terms of the merger between two companies. Bytom will transfer its assets to Vistula in exchange for the latter shares. Now the companies will choose a joint advisor for the process, and work out the details of the tra...