.jpg)
- The Warsaw Stock Exchange Group (GPW Group) has published the preliminary estimated consolidated financials of Q2 2021
- As a public company, the Warsaw Stock Exchange (GPW) complies with the Best Practice for GPW Listed Companies 2021 (Best Practice 2021)
The Warsaw Stock Exchange Group (GPW Group) has published the preliminary estimated consolidated financials of Q2 2021.
The Exchange Management Board has decided to publish the preliminary estimated consolidated financials of Q2 2021 in accordance with the following principles of the Best Practice for GPW Listed Companies 2021 (Best Practice 2021), which the Warsaw Stock Exchange (GPW) complies with as a public company:
- Principle 1.2 of the Best Practice for GPW Listed Companies 2021 (Best Practice 2021): “Companies make available their financial results compiled in periodic reports as soon as possible after the end of each reporting period; should that not be feasible for substantial reasons, companies publish at least preliminary financial estimates as soon as possible.”;
- Principle 1.1 of the Best Practice for GPW Listed Companies 2021 (Best Practice 2021): “Companies maintain efficient communications with capital market participants and provide fair information about matters that concern them. For that purpose, companies use diverse tools and forms of communication, including in particular the corporate website where they publish all information relevant for investors;” the Company declared compliance with those principles in current report EBI No. 1/2021 of 29 July 2021 “Statement of the Company’s Compliance with the Principles of the Best Practice for GPW Listed Companies 2021.”
The preliminary estimated consolidated financials of Q2 2021 v. Q1 2021 are as follows:
- Sales revenue: PLN 98.8 million, down by 12%;
- Operating expenses: PLN 51.1 million, down by 24%;
- Operating profit: PLN 49.8 million, up by 11%;
- EBITDA: PLN 58.4 million, up by 9%;
- Net profit: PLN 45.7 million, up by 18%.
The revenue was driven by quarter-on-quarter changes in turnover volumes on the markets in Q2 2021:
- total equities turnover value on the GPW Main Market down by 20.1%;
- total derivatives turnover volume down by 11.2%;
- total electricity turnover volume up by 11.8%;
- gas turnover volume up by 1.0%;
- RES property rights turnover volume down by 0.5% and energy efficiency property rights turnover volume up by 57.5%.
- The decrease in operating expenses was mainly due to the fact that provisions were set up against the estimated PFSA supervision fee for 2021 at PLN 14.2 million in January 2021.
The Company makes the reservation that the published figures are estimates subject to change.
The consolidated financial statements of the Warsaw Stock Exchange Group and the financial statements of the Warsaw Stock Exchange for H1 2021 will be reviewed by the auditor, which may result in adjustments of the financial results. The final financial results of H1 2021 will be published by the Company in a periodic report for H1 2021 to be released on 16 September 2021.
