Donako to debut on bourse next year to finance developments and purchases

The company is currently looking for an advisor, but it already plans to spend its floatation revenues on company development and the acquisition of smaller companies in the sector. Franciszek Żeleźnik, the president of the company, whose major clients include ABR, Alstom, Siemens and General Electric, revealed, "We export 86.6% of output, with the main markets being the EU, China, Switzerland and Canada." Last year, Donako's revenues amounted to zł.48.3 million, while its pre-tax earnings topped zł.4.33 million. The firm plans to boost sales to zł.90 million and its profit margin to 12% in 2004. (Puls Biznesu, p. 12) M.M.