Brief: PIK plans to list shares on Warsaw Stock Exchange main market by end-2017
17/10/2014 07:39
Oct 17 (Reuters) - PIK SA PIK.WA :
* Said on Thursday it announces its strategy for 2015 to
2018 and plans to issue the financial forecast for full year
2015 in Q1 of 2015
* Said its strategic goal is to list its shares on the main
market of the Warsaw Stock Exchange no later than in 2017
* Said it plans to maintain its position in the market for
school textbooks in Poland but also diversify so the share of
revenues from the sale of school textbooks in its total revenue
decreases from 40 pct in 2015 to 5 pct in 2018
* Said it plans to launch three projects at the turn of 2014
and 2015 that will allow diversification of income
* Said first project concerns launch of a network of about
100 retail stores specialized in selling and buying second-hand
goods at the beginning of 2015
* Said it expects average income form one store at about 1
million zlotys a year
* Said that by 2018, as a second project, it plans to launch
network of about 20 financial intermediaries points and offer
credits, investment products and insurance
* Said it sees income of about 150,000 zlotys yearly from
one shop, with net profit margin of 20 pct
* Said until 2018 it plans to launch a network of 15 offices
specialized in supporting the operations of enterprises
* Said it expects yearly income of about 300,000 zlotys from
one office with net profit margin of 15 pct
Source text for Eikon: ID:nEB1671339
Further company coverage: PIK.WA
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Keywords: PIK/BRIEF