Panattoni, the European industrial space leader, is continuing to strengthen its position in Pomerania as the local infrastructure rapidly improves in the region and the e-commerce segment booms. One of Panattoni’s existing customers, Globalway – a supplier of (among others) toys, furniture, sports accessories and interior furnishings produced in China – has decided to lease the whole of... Read more »
Eurocash Group’s revenue in the first half of 2020 reached PLN 12.1 billion, up by 2% from the same period of 2019. In this year’s first six months, EBITDA reached PLN 337 million, compared to PLN 338 million in the previous year. Eurocash Group estimates that additional costs related to the COVID-19 pandemic reduced its results by approx. PLN 17 million. Eurocash Group’s net result in H1... Read more »
Organic growth reached 2.8%, with real internal growth (RIG) of 2.6% and pricing of 0.2%. Growth was supported by sustained momentum in the Americas, Purina PetCare and Nestlé Health Science. Divestitures and foreign exchange reduced sales by 12.3%. Total reported sales decreased by 9.5% to CHF 41.2 billion (6M-2019: CHF 45.5 billion). The underlying trading operating profit (UTOP) margin... Read more »
Panattoni, the market leader in industrial real estate in Europe, has released its results for H1 2020. Over the period, the developer signed leases for more than 1 mln sqm, which is more than twice the space leased in the same period of 2019. In the second quarter of 2020, its transaction volume was over 671,500 sqm, which was 57% higher than in the previous three months. Read more »
Jantar Ltd. has created the Jpartner program that is going to develop a sales network for self-service cash registers, as well as software dedicated to retail. Read more »
Tesco today announces the sale of its business in Poland to Salling Group A/S. The transaction, which is subject to antitrust approval, includes the sale of 301 stores together with the associated distribution centres and head office. Read more »
Panattoni, market leader in industrial real estate in Europe, has completed the construction of the 8,260-square-metre logistics centre for DSV Solutions in Skarbimierz. The BTS facility is dedicated to handling the logistics of two Mondelēz International production plants in the vicinity – a Chocolate factory and a Gum & Candy factory. The project was delivered at the Wałbrzych Special... Read more »
AmRest (EAT), a leading European multi-brand, foodservice and digital platform, today reported its financial results for the first quarter 2020. Read more »
Eurocash Group’s revenue in the first quarter of 2020 reached PLN 5.92 billion, up by 8% from the same period of 2019. Sales in the wholesale segment went up by 6% y/y and in the retail segment by 12% y/y. EBITDA exceeded PLN 126 million, 4% higher than last year. Costs related to the COVID-19 pandemic reduced the Group’s results by approx. PLN 10 million. Eurocash Group closed this... Read more »
Panattoni, market leader in industrial real estate in Europe, has allocated PLN 500,000 to buy medical supplies for three hospitals. Institutions in Poznań, Białystok and Szczecin were chosen in consultation with the Ministry of Health. As part of the aid, the developer will provide medical masks, nitrile gloves, non-contact thermometers and packs of medical caps. Read more »
At the end of the Q1 2020, the total supply of modern warehouse space in Poland exceeded the level of 19 million sq m. The Warsaw market (three zones) maintained its leading position and accounted for nearly 23% of the total supply in the country (4.3 million sq m). Read more »
As the dynamic development of the COVID-19 pandemic impacts the global economy, a reliable and realistic evaluation of the future business performance of Henkel is currently not possible. As a consequence, the Management Board of Henkel AG & Co. KGaA has decided today that the forecast for fiscal 2020 published in the Annual Report 2019 will no longer be upheld. Read more »
At Nestlé, we care deeply for people and for the communities in which we operate, and we have an essential role to play during the COVID-19 crisis. Food and beverages help keep people healthy and enhance their quality of life. We care about our responsibility to provide good nutrition, especially for the most vulnerable in society – children, the elderly and those struggling with illness. Read more »
Countries that have not adopted the Euro, or are not pegged to it, have each seen a ca. 10% depreciation in currency value, during the period February to March 2020. The Romanian Leu is the exception which has depreciated just 1%, largely due to central bank intervention. Therefore, as the majority of leases in CEE are denominated in Euros, this can come as an additional strain to occupiers,... Read more »
Panattoni, market leader in industrial real estate in Europe, has started building a distribution center for a manufacturer of sportswear and accessories. The BTS facility with an area of over 67 000 sqm is under construction in Czeladź - completion of phase one is planned for H1 2021. Read more »
Lublin is the most rapidly developing city in Eastern Poland. The city has become synonymous with rapid social and economic progress, which has allowed it to join the ranks of the most attractive places to live and do business in Poland. Lublin has also developed a strong position in Central and Eastern Europe. International rankings place the city on an equal footing with Eastern European... Read more »
AmRest (EAT), a leading European multi-brand, foodservice and digital platform, reported its financial results for the full year 2019. Read more »
ARGO Sp. z o.o. pursues the project entitled „Argo’s Exports Expansion” through participation in the Polish food specialties promotion program called Supporting SMEs in Product Brand Promotion – GO TO BRAND, Within the Intelligent Development 2014-2020 Operational Program, Priority Axis No. 3 Support for Innovation in Companies. Read more »
The first meal of the day - is it also the most important meal? Muesli, porridge, yoghurt drinks and co. are making their grand appearance in the breakfast snacks product segment of ISM Cologne. With the aid of trendy products, the international exhibitors are lending breakfast a new image. Make sure you too demonstrate which new products the market needs next year! Read more »
Work is at full swing at the construction site of the central warehouse for PepsiCo in Mszczonów, where the world leader in the production of food and beverages decided to consolidate its logistics and warehouse processes in our country. Read more »
Over 2/3 of Poles declare that they are ready to pay more for domestic food produced in an ecological way while nearly 1/3 check if the product was made in Poland. This is what the results of the first report indicate which was included in the public opinion poll cycle in the POLISH OPINION MONITOR project – a joint initiative of PKO Bank Polski, the Foundation of the Institute for Market and... Read more »
PLN 2-4 billion will have to be allocated by packaging companies to adapt to regulatory changes related to promoting the circular economy, analysts Santander Bank Polska and SpotData estimate. According to the report they prepared, the total development of the industry until 2025 will require investments at a level of approx. PLN 20-25 billion... The packaging sector invests much more than most... Read more »
MLEKOVITA generated over PLN 5 billion in revenue in 2019 – this is another record and historic result in the company’s over 90-year history. Consequently, MLEKOVITA strengthened its unquestioned position in the industry. Record revenues cannot be only credited to market observations and response to its needs. Mainly, it is the daily work of 5,000 qualified employees at over 180 production... Read more »
The Wawel brand’s product portfolio has expanded with its new addition of chocolate coated jellies that come in two delicious flavours: raspberry and orange. Both novelties come in a round pastille form, covered with a delicate Wawel dessert chocolate that melts in the mouth. The orange jellies are distinguished by their unique, refreshing taste of juicy orange fruit. On the other hand, the... Read more »
Over the first three quarters of 2019, food exports1 amounted to EUR 12235.0 million, higher by 9.1% in comparison with the analogous period of the previous year. Growth in sales was recorded for all categories. Germany remained the greatest recipient of commodities, with the United Kingdom and the Netherlands maintaining the next positions. Read more »
The entrepreneurs and institutions of the Polish agri-food sector have come to the end of another hardworking and fruitful year. We don’t yet have the full export data for 2019, but the data for the period from January to October 2019 show that the value of Polish agri-food exports amounted to 26.1 million euros, representing a growth of 6% compared to the same period in 2018. Read more »
Since Poland’s entry to the European Union, each year has seen an increase in the value of Polish agri-food exports. Since then, Polish agri-food exports have increased more than fivefold – from 5.2 billion euros in 2004 to 29.7 billion euros in 2018. Polish food is finding customers all over the world. Read more »
Effective January 1, 2020, Marco Swoboda (48), Corporate Senior Vice President Finance, will become new Chief Financial Officer of Henkel. He will succeed Carsten Knobel (50) who will take over the position as CEO effective January 1, 2020. Read more »
