The Capital Group of the Warsaw Stock Exchange (GPW Group) in the first half of 2021 achieved PLN 209.4 million in sales revenues, EBITDA was PLN 111.4 million, operating profit was PLN 94.0 million, and net profit was PLN 83.9 million. Consolidated revenues in the first half of 2021 increased by 5.4 percent y/y – this is the effect of an increase in revenues from the financial market and a deterioration in revenues from the commodity market. The increase in net profit by 15.3 percent y/y is the result of the above-mentioned increase in revenues from the financial market, a significantly lower negative balance on financial revenues and costs, and a higher share in the profits of entities accounted for using the equity method.
In Q2 2021 alone, the GPW Group generated PLN 98.1 million in sales revenues, EBITDA profit was PLN 57.8 million, operating profit was PLN 49.2 million, and net profit was PLN 45.2 million. Consolidated revenues decreased by 3.0 percent compared to Q2 2020 and by 11.8 percent compared to Q1 2021. The decline in revenues in annual terms is the result of an increase in revenues from the financial market, with a simultaneous decline in revenues from the commodity market.
"At the GPW Group, we are constantly working intensively on the implementation of initiatives as part of our strategy for 2018-2022, in which we focused on the stronger development of the Warsaw Stock Exchange, as well as the diversification of services provided by the WSE. Our priorities include new technologies, without a doubt – the future of capital markets GPW Tech, despite being our youngest company, can already boast of commercializing its first proprietary technological products,” Marek Dietl, President of the WSE Management Board, said.
The first client of GPW Tech is the Kuwait Stock Exchange, the company of which from the GPW Group provides services based on the TCA Tool system – a tool enabling the analysis of statistical measures and detailed data on the macro and microstructure of the market.