Warsaw Stock Exchange Group President
(Marek Dietl, President of the GPW Management Board)

Warsaw Stock Exchange Group enjoys superior Q1 financial results

1928 views

The Warsaw Stock Exchange Group (GPW Group) generated sales revenue of PLN 112.3 million, EBITDA of PLN 53.6 million, and a net profit of PLN 38.7 million in Q1 2021. All those financial parameters improved considerably year on year.

Consolidated sales revenue in Q1 2021 increased by 15.5% year on year and decreased by 3.1% quarter on quarter. The year-on-year increase of revenue was mainly driven by trading revenue on the financial market which increased by PLN 11.7 million, i.e., 28.1%. The increase of trading revenue on the financial market was mainly due to revenue from trading in equities and equity-related instruments which increased by PLN 12.7 million, i.e., 39.7%.

“Despite lower volatility on the market, our results further improved year on year at all levels (revenue, EBITDA, net profit). Virtually all product groups reported significant improvement. We are particularly proud to have maintained the leading position in Europe by growth in equity turnover. The future looks bright, too: 21 companies have been newly listed year to date, including three transfers from NewConnect to the Main Market,” said Marek Dietl, President of the Warsaw Stock Exchange Management Board.

The GPW Management Board recommended a dividend payment for 2020 at PLN 104.93 million, i.e., PLN 2.50 per share, representing 69.3% of the consolidated profit (77.3% of the net profit attributable to the shareholders of the parent entity adjusted for the share of profit of associates). The dividend payment will be decided by the GPW Annual General Meeting convened on 21 June 2021.

Of note, on April 16, the Warsaw Stock Exchange celebrated the 30th anniversary of its inaugurating session.

“Poland has changed beyond recognition in the last 30 years. GPW and everyone who has contributed to the functioning of a safe and fair market deserve credit for building up the Polish economy … We have the biggest exchange in Central and Eastern Europe. I wish GPW to become even stronger and bigger, a leading exchange both in Europe and globally,” said President of Poland Andrzej Duda who inaugurated the celebrations of GPW’s 30th anniversary.

The WSE’s share in trading on stock exchanges in the region is 81%. The WSE leads the initiative of the Three Seas Stock Exchanges and aspires to the role of a regional hub for young technological companies with huge potential, the so-called unicorns. Negotiations are currently underway for the WSE to acquire a majority stake in the Armenian Exchange.

In May 2021, GPW Main Market Electronic Order Book equities turnover value increased by 37.6% YoY to PLN 28.2 billion. Derivatives turnover volume increased by 7.4% YoY to 800,400 contracts. Bonds turnover value on TBSP increased by 403.9% YoY to PLN 37.8 billion. Electricity turnover volume increased by 20.5% to 23.4 Twh. Natural gas turnover volume increased by 7.1% YoY to 14.6 Twh.