Warsaw Business Journal weekly
Top 5 winners
ELSTAROIL Elblšg-based Elstar Oils is a producer of high-processed vegetable oil products. The company is active mainly in northen Poland. It was founded in 1983 as manufacturer of machinery and installations, but changed its profile in 1995, investing in the construction of modern oil refining plant during the 2001-2002 period. Elstar Oils debuted on the WSE in May 2004, but Stanisław Rosnowski, the president of the company, remained its main shareholder with a 50.9-percent stake. Elstar's revenues in 2006 amounted to zł.208.9 million and its net profit was zł.8.1 million.
BIOTON Bioton is a manufacturer and distributor of biotechnology products and one of world's few producers of recombined human insulin. The firm signed takeover agreements with two Italian companies and one Ukrainian firm in 2006 and has been targeting its sales to Russia, China and India. Bioton was founded in 1989 and it debuted on the WSE in 2005. Its revenues in 2006 amounted to zł.215.5 million it had a net profit zł.93.8 million. Sales of insulin grew 15 percent y/y in H1 2007.
EMCINSMED Wrocław-based EMC Instytut Medyczny is a privately owned hospital that was founded in 2000 and opened its first clinic in 2001. EMC is attempting to increase its share of the medical-services market to approximately five percent of the population. It opened its first medical center outside of Poland in August 2007 in Dublin, Ireland. In 2006 the firm saw revenues of zł.37.6 million and net profit of zł.94,000.
KONSSTALI-PDA Warsaw-based Konsorcjum Stali specializes in the sale of steel products as well as in the production of prefabricated construction materials and steel construction elements. The company entered the bourse in 2007. In 2006, its net revenue amounted to zł.339.19 million and it recorded a net profit of zł.7.77 million.
ELKOP Chorzów-based company Elkop creates and installs electric systems and priovides electric services. Its main customers are heavy-industry companies, mainly firms from the mining industry. Elkop mainly operates in the Silesia voivodship. The company's revenues in 2006 were zł.4.35 million and it saw a net loss amounting to zł.1 million.
Bottom 5 losers
FON Bydgoszcz-based Fon constructs roads and bridges. It is also active as a developer and works on projects to improve waste-water treatment. In its factory in Koronowo, near Bydgoszcz, Fon manufactures steel structures and components. Its revenues in 2006 were zł.44.5 million and it posted a net loss of zł.7.96 million. Fon emerged after the restructuring of another company, Caspol.
TOORA Toora was founded in 1979 by Francesco Taglietti and Eros Cavalli. The Italian car-parts manufacturer entered the Polish market in 2002 by acquiring a metal plant in Nisko. In the same year, the group took over a second Polish plant - TMP Fondalmec Poland in Żory. The resulting company was called Toora Poland. Today the founders of Toora are the main shareholders in the Polish subsidiary via a holding company called Alpol. Toora Poland had its debut on the WSE at the end of 2005 in an IPO worth zł.115 million. Fiat, General Motors, Magneti Marelli, Faurecia and TRW Group are among Toora's biggest customers.
PROCHEM Prochem is an engineering company providing services in the planning, design and supervision of construction work. Income from these activities accounts for 80 percent of its sales. Prochem's services are designed for customers in the industrial, environmental and public building sectors. The firm operates mostly in Poland. In 2006 its net profit was zł.9.67 million and revenues amounted to zł.252.4 million.
LDASA ŁDA Invest is a capital group comprising companies from various sectors, such as Konsmetal, ŁDA Poligrafia, MPRWiK, and Przedsiębiorstwo Budowy Sieci Cieplnych w Warszawie. ŁDA Invest has registered net losses for several years and bankruptcy proceedings were filed against the company on December 20, 2007, by investment fund S-Collect. The company's revenues in 2006 were zł.350,000 and it saw a net loss of zł.5.9 million.
BEEF SAN Beef-San is a Sanok-based meat plant which specializes in the procurement and slaughter of livestock, production of meat products and commercial sale thereof. The company mainly focuses on the local market, where it sells more than 90 percent of its production. The firm's net profit in 2006 was zł.4.3 million, while in 2005 it posted a loss of zł.4.1 million. Its revenues in 2006 were zł.46.6 million.
