Polish złoty

EQS-News: GoldenPeaks Capital secures project financing from PKO Bank Polski and DNB Bank ASA

Retrieved on: 
Thursday, December 14, 2023

The financing package was provided by a banking club consisting of DNB Bank ASA and PKO Bank Polski.

Key Points: 
  • The financing package was provided by a banking club consisting of DNB Bank ASA and PKO Bank Polski.
  • GoldenPeaks Capital is one of the fastest growing independent green power producers in Europe and one of the largest photovoltaic system owners in Poland.
  • We are pleased that such reliable and committed partners as PKO Bank Polski and DNB support us in achieving our goal of accelerating the region’s transition to renewable energy.”
    Marcin Majewski, Head of Corporate Client and Enterprise Relations Division PKO Bank Polski: “PKO Bank Polski is the leader in financing the green transformation in Poland.
  • Together, we aim to set new standards and make a lasting impact in the Polish financing landscape.”
    GPC was advised by Dentons while PKO Bank Polski and DNB Bank ASA worked with CMS on both documentation and legal due diligence.

GoldenPeaks Capital secures project financing from PKO Bank Polski and DNB Bank ADA

Retrieved on: 
Thursday, December 14, 2023

The financing package was provided by a banking club consisting of DNB Bank ASA and PKO Bank Polski.

Key Points: 
  • The financing package was provided by a banking club consisting of DNB Bank ASA and PKO Bank Polski.
  • GoldenPeaks Capital is one of the fastest growing independent green power producers in Europe and one of the largest photovoltaic system owners in Poland.
  • We are pleased that such reliable and committed partners as PKO Bank Polski and DNB support us in achieving our goal of accelerating the region’s transition to renewable energy.”
    Marcin Majewski, Head of Corporate Client and Enterprise Relations Division PKO Bank Polski:
    “PKO Bank Polski is the leader in financing the green transformation in Poland.
  • Together, we aim to set new standards and make a lasting impact in the Polish financing landscape.”
    GPC was advised by Dentons while PKO Bank Polski and DNB Bank ASA worked with CMS on both documentation and legal due diligence.

Net migration: how an unreachable target came to shape Britain

Retrieved on: 
Saturday, May 27, 2023

Net migration is the difference between the number of people entering the country (and expected to stay long term) and the number leaving.

Key Points: 
  • Net migration is the difference between the number of people entering the country (and expected to stay long term) and the number leaving.
  • Until 2010, the UK debate generally focused on the number of people arriving – and on the idea that immigration presented a problem.
  • He promised to bring net migration – a metric usually only of interest to data nerds and researchers – down to the “tens of thousands”.
  • But the reality was (and still is) that government only has limited control over who comes and goes.

A moving target

    • The coalition years were dominated by this promise to hit the net migration target by the 2015 election.
    • As the 2015 election neared, the magnitude of the failure to meet the target was becoming obvious.
    • The party reiterated its promise to hit the net migration target, now referred to as an “ambition”, while Cameron campaigned to remain in the EU.
    • And when Theresa May took over as prime minister, her administration continued to commit itself to the net migration target, including it in her election manifesto.

Caught in their own net

    • He continued to suggest this would deliver lower numbers, but with attention elsewhere and net migration lower than before the referendum, nobody seemed keen for a return to Cameron’s “balancing the books”.
    • Ultimately, the net migration target was hit by accident.
    • But Johnson’s “have your cake and eat it” post-Brexit policymaking – which has continued under Rishi Sunak – planted the seeds for a new net migration panic.
    • Now that the public has been introduced to the problematic concept of the “right amount” of net migration, the government may simply have to accept that it has been caught in its own net.

EQS-News: STEICO SE: Preliminary figures: Revenues up by 14.7% to €445.3 million (e). Total operating revenue up by 18.2% to €467.6 million (e). EBIT totals around €63.8 million (e), EBIT margin at 13.7% (e)

Retrieved on: 
Monday, February 13, 2023

Preliminary total operating revenues thus total € 467.5 million (previous year: € 395.6 million), up by 18.2%.

Key Points: 
  • Preliminary total operating revenues thus total € 467.5 million (previous year: € 395.6 million), up by 18.2%.
  • In terms of earnings, provisional EBIT amounts to € 63.8 million (previous year: € 67.6 million).
  • The EBIT margin in terms of total operating revenue amounts to around 13.7% (previous year: 17.1%) and is thus in line with expectations.
  • They expect renewed mid-range single-digit percentage revenue growth and an EBIT margin of between 12% and 15% (in terms of total operating revenue).