Lingerie producer, Atlantic, contemplates going public

This result is an increase of 20% as compared to 2002, although the level of sales has remained at zł. 130 million. "Higher profitability is the result of a well run budget," said Wojciech Morawski, the President of Atlantic. Despite improved results and favorable conditions on the Warsaw Stock Exchange, the company has not yet decided to go public, which it has been considering for some time. "The final decision will be made in 2005 at the earliest," added Morawski. The company's plant in Końskie, accounts for about 7% of domestic sales, the remaining products are imported from the Far East under its own brand name. The development of the plant chiefly depends on the distribution of its product on foreign markets, which currently amounts to around 50% of total revenues. By the end of this year, the company plans to open at least five of its own stores, 100 franchised spots, and over 100 licensed shops. (Puls Biznesu, p. 16) A.K.