Electrical engineering on the stock exchange with another loss
The index of listed electrotechnical companies again fell. This time the correction was not as drastic as the month before. The electroinstallation segment was positive on the background of the entire industry, which as the only one significantly gained.
The companies do not derive from the growth of the economy
Rynek Elektryczny, 31.10.2018
The growth rate of the Polish economy exceeds 5%, consumer price inflation is 2%, but for many companies in the electrical industry the third parameter is currently the most important: the scale of wage growth. In August, they were on average 6.8 percent higher y/y, which translates into a significant increase in the operating costs of companies.
Profitability of the construction sector is the lowest for five years
According to the latest monthly report by the research company Spectis entitled "Construction market in Poland - October 2018", in Q2 this year the aggregate net loss of 22 construction groups listed on the Warsaw Stock Exchange amounted to PLN 101 million, compared to PLN 52 million net profit a year earlier. However, the aggregate loss for the past four quarters (Q3 2017-Q2 2018) reached PLN 289 million, which is the worst result since Q3 2013.
PROFITABILITY AND CAPITALIZATION OF LIGHTING COMPANIES ON THE WSE IS FALLING
Elektrosystemy no. 10, page 6 , 01.10.2018
On the Warsaw Stock Exchange there are seven companies associated with the lighting industry listed - both on the main market of the WSE and New Connect. Their total sales in the first half of the year increased by around 7%, and net profit shrank by 42%.
Research of the mood in the lighting industry
www.rynekelektryczny.pl , 20.09.2018
The editors of the Electric Market conducted a survey among lighting companies operating in Poland. The aim of the survey was to examine the industry's moods based on the results for the first half of 2018.
The electrical industry is not growing along with the economy
In the second quarter of 2018, the Polish economy grew by 5.1 percent compared to the same period of 2017. However, consumption and exports are the main reasons for this, while investments are poor.
Stock getting up, the branch falling down
The Electricity Market index fell in August by only 1.1 percent, but it was largely due to the largest player, Apator, whose rate gained as much as 26 percent. thanks results for the first half of the year. The quotations of the majority of other companies have decreased, because - as other small and medium-sized ones - the trends in inflows and outflows to investment funds are determined on our market. And although in July those with a purely stock strategy had the best result in six months, it was still the outflows, ie the redemption of units by customers. What is worse, hundreds of millions of zlotys are withdrawn from funds at an absolute rate every month.
Cities invest in smart lighting that collects data and monitors safety
Modern urban lighting systems are one of the most common projects that local governments implement as a part of the concept of smart cities. They are more efficient, save energy and reduce bills. Thanks to sensors and cameras they can fulfill other functions than just light control.
Why is it so bad, though it could be so good?
There is a certain phenomenon that in the year when Polish economy reached a sky-rocketing 5% rate of development, and the previous year ended with a slightly lower GDP growth rate of 4.6%, the results of growth in many companies is missing or at least not he has enough to be able to share them with shareholders. From over 20 companies of the electric sector listed on the Warsaw Stock Exchange, only eight have decided to pay the dividend for 2017. A year ago, there were 11 such companies. Even those companies that regularly, for many years eagerly shared money with shareholders were forced to take a break. And one that took a break a year ago, actually actually divided only what she put down in previous years - because the profit for 2017 was symbolic.
Economy vs. stock market
Macro data from Poland for May surprised positively. Industrial production increased by 5.4 percent, compared to the consensus of economists' forecasts at 3.6 percent. Production in construction increased by 20.8 percent. (the consensus reached 17.8 percent). The increase in production was recorded in 27 out of 34 industry sectors, including the sectors producing investment goods and exports (machines and equipment, furniture).
The industry's difficult year just passed
Rynek Elektryczny, page 24, 31.03.2018
In the year in which the Polish economy grew at a rate of 4.6 percent we could expect a significant improvement in the financial results of companies. Unfortunately, domestic GDP rather directed consumer spending, and not investments, which in particular in construction and power industry began to wake up (and yet quite sluggishly) only at the very end of the year.
New technologies as the driving force of the Polish economy.
Puls Biznesu, 21.05.2018, page 16
Poland's share in global trade is growing faster than in the case of the Czech Republic and Hungary. Only in the first two months of 2018, exports of goods from our country increased by 6 percent, to almost 33.6 billion EUR, and imports by 9.5 percent, to approximately 34.4 billion EUR, among all EU countries. The best industry of motor vehicles, trailers and semi-trailers gained 30 PLN billion. Another - foodstuff - 18 billion PLN, and the third place was the industry of rubber and plastics -14.4 billion PLN.
Lighting Solutions Fairs: Light & Buildng
On 18-23 March, the International Trade Fairs "Light & Building" of lighting industry took place in Frankfurt am Main. This is one of the largest events of its kind in the world. Over 2,700 exhibitors from all over the world presented the latest trends in the field of lighting, light architecture and electrical technology. Among the exhibitors there were also companies from Poland.
Fragile stabilization at Warsaw Stock Exchange
Rynek Elektryczny, page 7, 28.02.2018
In February, the listing of the Electricity Market Index, reflecting the share prices of companies in the industry, fell by 0.5 percent. This is almost nothing compared to the discount that affected the entire market - WIG lost 6.6 percent. However, the divergence should not be surprising, because earlier in the second months the market grew like a yeast, and the electrical industry was in reverse (see chart). The stock market was damaged by the volatility jump at the turn of January and February, and the improvement in moods that followed this was not permanent. The ongoing season of financial results of companies for the fourth quarter also did not turn out to be an impulse to rebound. Concerns are growing that industrial companies will not be able to pass on the costs of salary and raw material growth to recipients. It strangles courses, especially for small and medium companies.
Shares have stopped falling
In January, the Electricity Market Index, reflecting the quotations of companies in the industry, first clearly rebounded and dropped in the second part of the month. The balance went almost zero, and a similar result was seen after three weeks of February. After almost ten months of decline, such a fragile stabilization is worth appreciating, especially since in the beginning of February there was a shock on stock exchanges in the world, which shook investors' confidence in continuing the boom. WIG since the beginning of February has been cheaper by more than 5 percent, because players in the United States after good macroeconomic data decided that interest rates will grow faster than expected. In one session the index collapsed like a house of cards, but fortunately the situation was quickly overcome.
The sale on the stock exchange has been stopped
The first three weeks of January 2018 ended with the increase in the Electricity Market Index, reflecting the quotations of companies in the industry, by 6.6%. So, it was the first month since August 2017 that there was an upward month for shares, which was a consequence of the improvement of moods around small companies. In December, small and medium-sized companies 'funds recorded the first positive balance of customers' capital inflows in the past months, who apparently believed that after a worse period enterprises would be recycled once they stabilized their finances after employee increases and found themselves in a stronger PLN. And they will see an increase in investment expenditures in the economy.
Polish lighting companies are going to Frankfurt
The next edition of the Light + Building Trade Fair, one of the world's largest meetings in the lighting, electrotechnical and home automation industries, will be held soon in March 18-23 in Frankfurt am Main. Among the 2533 world exhibitors, there will be as many as 85 companies from Poland.