Business entity

Last week, the CJEU Ombudsman issued an opinion on claims relating to franking credit agreements.

The opinion stands in the way of the banks' claims, in turn allowing further claims to be claimed by consumers. This is of course not a judgment, that one will come in a few months, but they are usually in line with opinions.

Oponeo has summed up the first month of 2023. According to preliminary data, the group recorded PLN 54.6 million in sales revenue in January (+0.2% year-on-year).

Adidas breaks its deal with rapper Kanye West and expects an operating loss of €700m.

Yeezy line products accounted for about 10% of the company's annual revenues, but this is just one piece of a larger puzzle. The company has allowed Yeezy products to account for the dominant part of its operating income. 

Santander Biuro Maklerskie has announced that the Ciech Group will be delisted from the Warsaw Stock Exchange by KI Chemistry, the owner of over 51% of shares.

KULCZYK INVESTMENTS S.A. subsidiary, KI Chemistry, intends to initiate the sale of the remaining 25,747,857 shares of Ciech Group at a price of PLN 49 per share.

Baltic Power, part of the PKN Orlen group, has selected Erbud as the general contractor for the service base for Orlen and Northland Power's offshore wind farm.

ANSWEAR.com provisionally estimates that the company's online sales increased by 33% YoY to PLN 375 million in Q4 2022.

The apparel market has been steadily growing in recent years. The Covid-19 pandemic has had an impact on the growth of online sales, which was already rapidly increasing in popularity among the general public.

XTB's stock price drops sharply in reaction to the company's earnings estimates!

After Wednesday's session, the company reported fourth-quarter results. Net profit amounted to PLN 50 million, compared to analysts' expectations of PLN 136 million.

Inter Cars plans to invest about PLN 250 million in its central warehouse in Zakroczym by mid-2024, company board member Piotr Zamora told PAP Business. He added that this is part of the spending from a larger 5-year investment plan, which the company will present at the 2022 annual results.

Krka reported PLN 301.67m consolidated net profit attributable in Q1-Q3 2022, compared to PLN 240.1m profit a year earlier.

Mo-bruk SA will spend nearly 240 million PLN to expand its facilities!

The company is growing rapidly. At the end of 2022 and the beginning of 2023, Mo-bruk has concluded several agreements that finalize tenders for the expansion of the company.