Locked content Ursus signs 5-year agreement with Turkish Tumosan

Farm machinery producer Ursus signed a 5-year cooperation agreement with Turkish Tumosan Motor ve Traktör Sanayi. The average annual contract value will be €9 million. “The parties will cooperate in the production of selected models of tractors and deliveries of parts,” Ursus said. The a...

Locked content Tomasz Zadroga appointed president of Ursus

Following Karol Zarajczyk’s resignation as the president of Ursus, the supervisory board has appointed Tomasz Zadroga as the new president of the company. Agnieszka Biała has also been appointed as a board member responsible for the company’s restructuring. Ursus is currently undergoing ...

Locked content Ursus CEO resigns

The CEO of WSE-listed, tractor producer Ursus, Karol Zarajczyk has resigned from his post. The company’s board appointed Tomasz Zadroga, former Yawal CEO to replace him. Zarajczyk was the company’s CEO since 2013. Last month, the district court in Lublin has approved Ursus motion to launch accelerat...

Locked content Ursus Q3 net result turns to loss of PLN 24 mln

Farm machinery producer Ursus recorded PLN 24.01 million of consolidated net loss attributable to shareholders in Q3 versus a profit of PLN 3.74 million a year ago. Revenue fell to PLN 67.24 million from PLN 90.3 million in Q3 2017. In the 9-month period revenue stood at PLN 142.41 million compared ...

Locked content Robyg starts sale of 147 apartments in Mój Ursus

Robyg started the sale of 147 apartments as part of the first stage of Mój Ursus project in Warsaw, the company said. As part of the project located near Ursus metro, Robyg will build about 2,000 apartments in several stages.  At the first stage, the apartments sized between 33 to 65 sqm are availab...

Locked content Ursus gets prelim. settlement proposals from PKO BP

WSE-listed tractor producer Ursus received preliminary settlement proposals from PKO Bank Polski regarding the repayment of multi-purpose credit agreement signed on October 7, 2015, the company said. Ursus plans to have talks with the bank to agree to the new conditions for financing. It will be tak...

Locked content Ursus launches accelerated arrangement proceedings

The district court in Lublin approved WSE-listed tractor producer Ursus motion to start accelerated arrangement proceedings. The intention of the board is to protect the rights and interests of the company, its shareholders, employees, and contractors against the insolvency threatening the company c...

Locked content Ursus with PLN 21.16 mln net loss in Q2 2018

Ursus recorded a PLN 21.16 million net loss in Q2 2018 compared to a PLN 4.05 million loss a year earlier, the company said in a report. The gross loss amounted to PLN 26.04 million compared to PLN 6.54 million loss a year earlier. The company’s management expects the Group to significantly improve ...

Locked content Ursus with prelim. PLN 16 mln net loss in H1

Polish agricultural machinery manufacturer Ursus recorded unconsolidated net loss of PLN 16 million in H1 versus profit of PLN 6 million a year ago, according to the company preliminary results. Revenue stood at PLN 62 million, a decline of 60 percent y/y. The results were affected by the decrease i...

Locked content Ursus plans to issue up to 5.9 mln shares

Farm machinery producer Ursus plans a share issue in private subscription with the exclusion of pre-emptive rights for existing shareholders. The company wants to issue up to 5.9 million S-series shares priced PLN 2.50 per share, Ursus said. On Friday the company’s shares closed trading at PLN...