18:32 28 May 2023
WSE adopts a new strategy
The WSE Capital Group has presented projects and initiatives that will stimulate the development of the Warsaw Stock Exchange – the most important trading floor in Central and Eastern Europe – over the next five years. The new strategy for the years 2023-2027 aims to increase revenue, invest in new businesses, and develop modern technologies.
In the period of 2023-2027, the WSE Capital Group plans to achieve average annual revenue of PLN 498 million and average annual EBITDA of PLN 215 million. The revenue growth in 2027 compared to 2023 will amount to PLN 157 million, with PLN 101 million allocated to new strategic initiatives. During the strategy period, the EBITDA margin is expected to increase to 50 percent. According to Marek Dietl, the President of WSE, new business models are the future not only for the Polish stock exchange but also for other developed financial markets.
"For the London Stock Exchange, traditional exchange business accounts for only 28 percent of revenue. Maybe it's not a margin, but it's not a lot. Even a traditional exchange like the New York Stock Exchange has only 58 percent of its revenue from trading financial instruments," the CEO of WSE explained.
