GPW
GPW
Private Equity Managers (PEM)  |  17,60 PLN  |  -0,15 PLN  |  -0,85%

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05
15.2015
WYBORCZA.BIZ: PEMANAGERS EXPECTS FUNDRAISING TO EXCEED PLN 300 MILLION THIS YEAR

We expect to raise more than PLN 300 million of funding this year, half of which is to come from outside of MCI. A public bond issue is also possible at the end of the year”, said Vice President Cezary Smorszczewski during a news conference.

Furthermore, the company claims that it intends to spend PLN 0.5 billion on new investments and it does not rule out that the estimate can be further increased, as President Tomasz Czechowicz informed.

He added that PEManagers upheld its financial projections for this year.

In Q1 2015, PEManagers Group generated a net profit of PLN 20.7 million, as compared to PLN 3.1 million in the preceding year. This way, it has already achieved 40 percent of its annual net profit projection. Revenue in Q1 this year amounted to PLN 25.2 million, representing 34% of the projected value; EBITDA stood at PLN 21.1 million, i.e. 37% of the annual projection.

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