Warsaw Stocks Exchange Weekly
Top 5 winners
ELEKTROEX The company operates in the construction sector. It produces and sells electrical machinery, offers transport services and makes electrical wiring systems. In May 2000 Elektromontaż-Export was merged with Elektromontaż companies from Lublin, Wrocław and Łódź. Last year the company's revenues amounted to zł.67.6 million, but it registered a loss of zł.3.7 million, a decrease in comparison with its 2004 loss of zł.9.5 million.
INTERCARS The Warsaw-based company is an importer and distributor of spare parts for vehicles. Moreover, it sells equipment for service stations and machines for repairing cars. Intercars distributes products by around 500 providers (mostly from EU countries) to more than 20,000 clients. The company also has its own service stations under the Q Service and AutoCrew brands. In the middle of February, the company launched its newest branch in Ciechanów.
SOFTBANK Softbank is a WSE-listed producer of banking software. In May, it announced an interest in taking over companies in Serbia, Romania and Ukraine. The company plans to spend zł.200 million on acquisitions this year. The Softbank group posted a Q1 net profit of zł.7.5 million, a rise of 157 percent compared to Q1 2005. The company's Q1 sales reached zł.102.7 million, compared to zł.95.5 million in the same period last year. Softbank's portfolio in 2006 is worth zł.347 million. The value for contracts for 2007 through 2010 amount to zł.583 million.
MACROSOFT Founded in 1986, Macrosoft started off selling computers and now it provides IT solutions and computer-based management systems for medium-sized companies. Macrosoft is a group of 12 subsidiary companies and one associate company. In 2005 the group's revenues from sales amounted to zł.32.5 million while profits reached zł.4.9 million.
GRAJEWO Pfleiderer Grajewo is a chip-board producer. The company is planning to expand into the Balkans and further east. Currently, it is carrying out an ambitious investment plan. The company's revenues in Russia will amount to EUR 20 (zł.81) million in 2006, but these are to grow to EUR 80 (zł.324) million by 2008. The firm was the only bidder allowed to continue negotiations concerning the acquisition of a 43% stake in Prospan, in which it already holds the remaining shares. Pfleiderer Grajewo estimated its revenues at zł.1.15 billion, and net profit at zł.115 million for 2006.
Bottom 5 losers
ELEKTRIM Warsaw-based Elektrim is one of Poland's biggest conglomerates. It focuses on the telecommunications, electrical power engineering, and electro-machinery sectors. In the electrical power engineering sector, the group constructs and renovates power plants and energy boilers through its subsidiaries Elektrim-Energetyka, Megadex and Rafako. In 2005, the company recorded a net loss of zł.766.37 million against a 2004 net profit of zł.247 million.
CASHFLOW-PDA Cashflow is a debt-collection agency, which also provides factoring services and grants short-term loans to companies. It debuted on the WSE in May this year. Recently AIG Asset Management disposed of part of its Cashflow rights to shares. Cashflow SA's 2005 net profit amounted to zł.1.3 million with a turnover of zł.18.6 million. The company predicts its 2006 net profit will reach zł.3.6 million.
LENTEX Lentex is the biggest producer of PVC carpeting in Central Europe. The company also manufactures fabrics, non-wovens and Lentex-Ball, a silicon stuffing used to produce duvets, sleeping bags and pillows. On top of that, Lentex Group sells technical fabrics, produced by Tkaniny Techniczne. On February 1, 2006, the group took over Tkaniny Techniczne. The group has been restructuring its costs and introducing a savings program. Q1 2006 saw a loss of zł.463,000.
LUBAWA Lubawa specializes in the production of tents, sports equipment and military logistics equipment. It was chosen to be the leader of a group of companies that will submit an offer for a tender announced by the Defense Ministry as well as the Military Property Agency. Prymus, a chemicals producer and Lubawa's subsidiary company, reported zł.92 million in net profit and zł.36 million in pre-tax profit for the first quarter of 2006.
CAPITAL Capital Partners SA is a consulting company specializing in masterminding financial strategies and preparing analytical reports. It helps other companies merge, acquire other firms and go public. Capital was founded in April 2002 and issued its shares in June the same year. On May 15 this year a new series of 9.2 million shares was listed on the WSE.
