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 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 Vistula revenue up 18.1% in July

WSE-listed fashion retailer Vistula Group recorded July revenue of PLN 62.3 million, a growth of 18.1 percent y/y, the company reported. Revenue from sales in the clothing segment (Vistula, Wólczanka, Deni Cler brands) amounted to PLN 31.9 million, 8.4 percent higher compared to July 2017. During th...

Locked content Vistula sales up in May

WSE-listed fashion retailer Vistula Group recorded May sales of PLN 67.4 million, a growth of 7.8 percent y/y, the company reported. Revenues from sales in the clothing segment (Vistula, Wólczanka, Deni Cler brands) amounted to PLN 38.6 million, 132.7percent higher compared to May 2017. During the f...

Locked content Vistula Group sales in April grow by 15.5% y/y

WSE-listed fashion retailer Vistula Group recorded April sales of PLN 56.4 million, a growth of 15.5 percent y/y, the company reported. Revenues from sales in the clothing segment (Vistula, Wólczanka, Deni Cler brands) amounted to PLN 34 million, 17.2 percent higher compared to April 2017. During th...

Locked content Vistula with PLN 57.3 mln revenue in March, up by 21.2%

In March 2018, clothing retailer Vistula posted about PLN 57.3 million in consolidated sales revenues, which means an increase of 21.2 percent y/y, the group announced in a statement. The value of revenue generated in the period January-March 2018 amounted to approximately PLN 160.4 million and was ...

Locked content Vistula Q4 profit grows

WSE-listed fashion retailer Vistula recorded a PLN 23.69 million Q4 net profit, up from PLN 19.09 million net profit last year. Operating profit amounted to PLN 31.43 million vs. PLN 25.01 million gain a year earlier. Sales revenues increased to PLN 223.08 million from PLN 188.18 million a year earl...

Locked content Bytom and Vistula set new share parity for the planned merger

WSE-listed fashion retailers Vistula and Bytom decided to adjust the share parity in the planned merger to 0.72 from the previous 0.82, meaning that for every Bytom share, its shareholders would receive 0.72 Vistula share. According to the updated merger plan of Vistula and Bytom, the share capital ...

Locked content Vistula sales up by 21.1% in January

WSE-listed fashion retailer Vistula had a PLN 53.1 million in sales revenues (21.1 percent y/y increase) in January, the company said in a market filing. In the jewelry sector (under the Kruk brand), sales revenues amounted to PLN 17.4 million and were higher by 19.1 percent y/y. Consolidated sales ...

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...