Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Polish Treasury to Pocket Proceeds from Zelmer's IPO
Sep 22, 2004
 Printable format
 Email this Article
 Search

Polish Treasury to Pocket Proceeds from Zelmer's IPO

Poland's largest white goods producer Zelmer, hopes to make its debut on the stock exchange sometime in November or December, the Warsaw Business Journal reports.

The issue prospect was sent to Poland's Securities and Stock Exchange Commission (KPWiG) at the beginning of September. For the time being, however, Zelmer will not receive any additional financial aid from the stock investors.

Poland's treasury minister decided that 85 percent of A-series stock, which belong to the treasury would go public. New Zelmer shareholders will also decide whether to increase the company's equity.

Despite the rising cost of materials on the world markets, Zelmer President Andrzej Libold projects that Zelmer's net profit should amount to PLN 14 million (U.S. $3.9 million) at the end of 3Q 2004. He also sustains the company's projections of year-end sales at PLN 16.8 million ($4.7 million).

Zelmer's third-quarter sales in Poland grew by 17 percent, compared to the same period in 2003, while exports increased by 5 percent. (Warsaw Business Journal)

Poland's largest white goods producer Zelmer, hopes to make its debut on the stock exchange sometime in November or December, the Warsaw Business Journal reports.

The issue prospect was sent to Poland's Securities and Stock Exchange Commission (KPWiG) at the beginning of September. For the time being, however, Zelmer will not receive any additional financial aid from the stock investors.

Poland's treasury minister decided that 85 percent of A-series stock, which belong to the treasury would go public. New Zelmer shareholders will also decide whether to increase the company's equity.

Despite the rising cost of materials on the world markets, Zelmer President Andrzej Libold projects that Zelmer's net profit should amount to PLN 14 million (U.S. $3.9 million) at the end of 2004 third quarter. He also sustains the company's projections year-end sales at PLN 16.8 million ($4.7 million).

Zelmer's third-quarter sales in Poland grew by 17 percent, compared to the same period in 2003, while exports increased by 5 percent. (Warsaw Business Journal)

Back to Daily News

 

Daily News

...........................................................

Apr 22, 2014: Final Rule Establishes Refrigerator Testing

Apr 22, 2014: A Third of Homes Worldwide Could Have Networks by 2018

Apr 22, 2014: Appliance Category Industrial Output Up 2% in March

Apr 21, 2014: Final Commercial Refrigeration Rule Published

Apr 21, 2014: Elam Offers Android-Enabled Kitchen Interface

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows