Latest news with #WarsawStockExchange
Yahoo
4 days ago
- Business
- Yahoo
AS Silvano Fashion Group decisions of Extraordinary General Meeting of Shareholders
On the 14th of May 2025, the AS Silvano Fashion Group proposed to the shareholders to adopt the resolution of the extraordinary general meeting of shareholders stated below without convening the meeting. The notice of the general meeting was published on May 13, 2025, in the information system NASDAQ OMX Tallinn and Warsaw Stock Exchange, on the website of SFG and on May 14, 2025 in the daily newspaper Eesti Ekspress. The resolutions of the extraordinary general meeting of shareholders were voted by 9 shareholders, whose shares represented 21 357 414 votes or 59,33% of the total share capital. Therefore, the Meeting was eligible to pass resolutions regarding the items on the agenda of the Meeting. The following resolution was passed at the Meeting: Item 1: Election of the auditor for auditing the economic activities of AS Silvano Fashion Group 2024 The Meeting decided: 1.1. To appoint the auditing company Ernst & Young Baltic AS (registry code 10877299, located at Rävala puiestee 4, 10143 Tallinn) as the auditor of AS Silvano Fashion Group; 1.2. To authorize the Management Board of AS Silvano Fashion Group to enter into an audit service agreement with the auditing company AS Ernst & Young Baltic for auditing the economic activities of AS Silvano Fashion Group 2024. Tabulation of the votes: For: 20 452 955 votes, representing 56,81% of the votes; Against: 15 547 045 votes, representing 43,19% of the votes; Impartial: 0 votes, representing 0,00% of the votes. AS Silvano Fashion Group E-mail: info@ Tel: +372 684 5000Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
07-04-2025
- Business
- Reuters
Poland's bourse halts trading on all markets
April 7 (Reuters) - Poland's Warsaw Stock Exchange said on Monday it has suspended trading on all markets from 1315 GMT to 1415 GMT due to "security of trading". The Warsaw bourse's blue-chip WIG20 (.WIG20), opens new tab index, which plunged as much as 7% on Monday, was down 2% prior to the suspension, which came about 15 minutes before the start of U.S. trading session. The exchange said trading will resume from 1430 GMT, and that the trading session will not be extended due to the halt. "The reasoning is very simple: simply due to trading safety. We see what's happening in the world, we saw what happened on Friday.", Warsaw Stock Exchange press office said. "Today's market opening was also at very significant negatives, then it calmed down, but due to trading safety (...) the session chairman decided on such a step," it added. On April 3, the WIG20 index closed 4.1% lower, while on April 4 it fell further 6.4% lower.
Reuters
21-03-2025
- Business
- Reuters
Polish retailer Zabka's quarterly adjusted EBITDA seen at 984 million zlotys
GDANSK, March 21 (Reuters) - Polish convenience store chain Zabka ( opens new tab is expected to report an 18% increase in fourth-quarter adjusted EBITDA at 984 million zlotys ($254.20 million), a Reuters poll showed on Friday. Zabka is expected to report revenues of 5.95 billion zlotys, an increase from 5.04 billion zlotys a year ago, driven by organic growth and the expansion of its store network. here. Analysts from five banks and brokerages on average expect Zabka to report fourth-quarter net profit of 262 million zlotys, up from 209 million zlotys in the same period last year. Preliminary figures published by the company on January 17 showed like-for-like (LFL) sales growth for 2024 was 8.3%, driven by higher volumes and basket value throughout the year. Full-year results are due on March 24. The group made its debut on the Warsaw Stock Exchange in October 2024 with a 6.45-billion-zloty IPO, and following the trading session on March 21, joined Poland's blue-chip index, the WIG20. The following table summarises analysts' forecasts for Zabka for the fourth quarter of 2024: (Figures in millions of zlotys unless stated otherwise) NET PROFIT REVENUE EBIT Average 262 984 5945 514 Median 243 985 5943 514 Lowest 187 979 5908 508 Highest 366 988 6001 520 No. of forecasts 5 4 5 4 Q4 2023 209 836 5035 418 Q3 2024 319 1119 6578 664 Forecasts provided by: Trigon, Pekao, mBank, Santander Bank, BDM ($1 = 3.8709 zlotys)
Yahoo
10-02-2025
- Business
- Yahoo
Poland's Tusk expects $160 billion of investment in 2025 to spur growth
By Barbara Erling and Marek Strzelecki WARSAW (Reuters) - Poland is likely to see total investment of more than 650 billion zlotys ($160 billion) in 2025, Prime Minister Donald Tusk said on Monday, as the government unveiled a package of measures including tax cuts and deregulation to spur growth. The economy has been one of Europe's fastest growing in recent years, driven largely by private consumption on the back of double-digit wage growth in a tight labour market. But analysts say investment has been a weakness for the country as it tries to catch up with wealthier western European nations. See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. "Investment in Poland in 2025 will amount to over 650 billion zlotys," Tusk told a news conference at the Warsaw Stock Exchange. "This amount has never been seen in the history of the Polish economy." Tusk said investments would be made in sectors such as defence, green energy, information technology and transport infrastructure, including 180 billion zlotys spent on the rail network by 2032. He said the head of tech giants Google and Microsoft would be in Poland in a few days to finalise plans to invest in the country. Economic growth in Poland in 2025 could be close to 4%, Tusk added. Tusk said he had asked Rafal Brzoska, chief executive of parcel locker company InPost, to help prepare measures to cut red tape. TAX Lawmakers from the nationalist Law and Justice (PiS) party were unimpressed, with Member of the European Parliament Michal Dworczyk dismissing Tusk's speech as "waffle without any specifics". Mariusz Zielonka, chief economist at business association Lewiatan, said the amount of investment projected for 2025 "does not differ from what the state and investors spend in Poland every year", adding that few specifics had been given. Finance Minister Andrzej Domanski said Poland would boost its spending on research and technology, as well as on developing ports and railways and would work to support business as it seeks to build "a strong, dynamic, but also safe economy - an economy resistant to external shocks." He said Poland would raise a limit on VAT exemptions for companies and cut the amount of money collected in a tax on copper production by 500 million zlotys in 2026 and 700 million zlotys in 2027. This announcement sent shares in mining company KGHM surging as much as 9% higher on the day. Domanski later said that the copper tax cut could be extended beyond 2027. Rafal Benecki, chief economist at ING in Poland, said he saw signs of "change of the paradigm in terms of the attitude to business". "We are starting this process of changing the growth model," he said, adding that Poland in the past had been too reliant on cheap labour. ($1 = 4.0523 zlotys)
Reuters
10-02-2025
- Business
- Reuters
Poland's Tusk expects $160 billion of investment in 2025 to spur growth
WARSAW, Feb 10 (Reuters) - Poland is likely to see total investment of more than 650 billion zlotys ($160 billion) in 2025, Prime Minister Donald Tusk said on Monday, as the government unveiled a package of measures including tax cuts and deregulation to spur growth. The economy has been one of Europe's fastest growing in recent years, driven largely by private consumption on the back of double-digit wage growth in a tight labour market. But analysts say investment has been a weakness for the country as it tries to catch up with wealthier western European nations. "Investment in Poland in 2025 will amount to over 650 billion zlotys," Tusk told a news conference at the Warsaw Stock Exchange. "This amount has never been seen in the history of the Polish economy." Tusk said investments would be made in sectors such as defence, green energy, information technology and transport infrastructure, including 180 billion zlotys spent on the rail network by 2032. He said the head of tech giants Google (GOOGL.O), opens new tab and Microsoft (MSFT.O), opens new tab would be in Poland in a few days to finalise plans to invest in the country. Economic growth in Poland in 2025 could be close to 4%, Tusk added. Tusk said he had asked Rafal Brzoska, chief executive of parcel locker company InPost ( opens new tab, to help prepare measures to cut red tape. TAX Lawmakers from the nationalist Law and Justice (PiS) party were unimpressed, with Member of the European Parliament Michal Dworczyk dismissing Tusk's speech as "waffle without any specifics". Mariusz Zielonka, chief economist at business association Lewiatan, said the amount of investment projected for 2025 "does not differ from what the state and investors spend in Poland every year", adding that few specifics had been given. Finance Minister Andrzej Domanski said Poland would boost its spending on research and technology, as well as on developing ports and railways and would work to support business as it seeks to build "a strong, dynamic, but also safe economy - an economy resistant to external shocks." He said Poland would raise a limit on VAT exemptions for companies and cut the amount of money collected in a tax on copper production by 500 million zlotys in 2026 and 700 million zlotys in 2027. This announcement sent shares in mining company KGHM ( opens new tab surging as much as 9% higher on the day. Domanski later said that the copper tax cut could be extended beyond 2027. Rafal Benecki, chief economist at ING in Poland, said he saw signs of "change of the paradigm in terms of the attitude to business". "We are starting this process of changing the growth model," he said, adding that Poland in the past had been too reliant on cheap labour. ($1 = 4.0523 zlotys)
