Locked content Nextbike targets 2018 EBITDA at PLN 16.4 mln

Bike sharing operator Nextbike targets 2018 EBITDA at PLN 16.4 million, a 5 percent increase compared to 2017. Revenue is seen at PLN 70.5 million, 62 percent more than last year. The company also estimates that the number of bicycles available through its system will reach 17,800 by the end of 2018...

Locked content NBP: enterprises’ situation good, but forecasts worsen

The overall situation of companies in Q2 2018 remained good, but forecasts for the coming quarters have deteriorated, mainly due to rising costs, according to a study performed by NBP. Entrepreneurs are pointing to strong pressure on wages in Q3, however, it should not increase further. “Demand fore...

Locked content Unimot wants to reach PLN 75 mln EBITDA in 2023

Unimot wants to reach EBITDA at the level of PLN 75 million in 2023 and pay out dividends of at least 30 percent on an annual basis, the company said in a statement.  The group also targets increase in business efficiency measured by the ROCE ratio – in 2023 ROCE is seen at 15 percent. Unimot&...

Locked content Budimex profitability will fall in 2018-2019

Budimex estimates that maintaining operating profitability at the level of last year (9.2 percent) is impossible in 2018-2019. However, the company would like to achieve in this period better profitability compared to the market, said CEO Dariusz Blocher. “We have run out of simple methods, we...

Locked content Elektrobudowa cuts 2018 net profit forecast to PLN 27.3 mln

Elektrobudowa Group lowered its net profit forecast to PLN 27.3 million from PLN 46 million in 2018, the company said in a statement. According to the new outlook, Elektrobudowa SA’s net profit is to reach PLN 34.8 million, not PLN 41.9 million as assumed earlier. Elektrobudowa still sees 2018...

Locked content Grupa Azoty sees higher investments for 2014-2020

Poland’s largest chemicals maker Grupa Azoty will have significantly higher investment costs for 2014-2020 than the previously announced PLN 7 billion, said the company’s deputy CEO, Paweł Łapiński. By 2017 the state-controlled group already allocated around PLN 4 billion to investments. In 20...

Locked content Cyfrowy Polsat sees single-digit growth in 2018

WSE-listed Cyfrowy Polsat was positively surprised by the growth in TV advertising market in Q1, but has maintained its single-digit growth forecast for 2018,  board member Maciej Stec said during the conference. According to Polsat’s estimates based on the Starcom data, expenses for advertisi...