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...

Locked content JLL: Retail real estate market to grow in 2015

The total retail stock within shopping centers will increase by some 547,000 sqm in 2015, according to a report by real estate advisory JLL. The amount of new retail supply is predicted to be over 200,000 sqm bigger than in 2014, but some construction delays may occur, the experts pointed out. “If t...

Locked content HSBC lowers expected GDP and CPI forecast

GDP growth is to amount to 3.1 percent in 2014 and 3.4 percent in 2015, stated a quarterly HSBC report. The previous HSBC report predicted figures of 3.2 and 3.6 percent, respectively. “Due to weaker euro zone growth and political troubles we are lowering the forecast for GDP growth,” cl...