IDMSA benefits from the boom

IDMSA, the first Polish brokerage house to be listed on the Warsaw Stock Exchange (WSE), has greatly benefited from the boom on the stock market. Last week the firm announced a net profit of zł.28.2 million, a result close to the net profit it earned for the whole of 2006.

"We are really happy with the Q1 results, but we believe there are even bigger opportunities on the market for us," said Rafał Abratański, the vice president of the company's management board. After advising the successful debuts of Grupa Kolastyna, Gadu-gadu and NTT System, IDMSA is looking forward to several new debuts this year. The broker will be the advisor on the IPOs of Kredyt Inkaso, PPH Bomi, Energoinstal, City Interactive, Integer.pl, Pol- Aqua, Hardex and Vindexus.

"We are more about quality than quantity," the brokerage house's CEO, Grzegorz Leszczyński said. "IDMSA is known for its strict selection of projects to work on and we intend to keep it that way. We have turned down some offers which could have threatened our reputation as a respected partner," he added.

The excellent conditions on the market also made it easier for smaller brokerage houses competing with IDMSA to achieve their first significant successes, and according to Abratański, this has affected the market in a positive way. "IDMSA, however, always has a plan B in case of a slump," he said. The brokerage's top priorities are attracting new investors and the further development of Electus, a company IDMSA acquired in 2006, which is to debut on the stock exchange next year.

Blackrock Investment Management, Deutsche Bank AG and PKO TFI are IDMSA's largest shareholders.