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WSE EQUITY MARKET OVERVIEW. Robert Kwiatkowski - Director CEE Markets Business Development Department March, 2008. POLAND – THE LARGEST ECONOMY IN CENTRAL & EASTERN EUROPE. Poland – high growth potential. Surce: Eurostat. GDP QUARTERLY GROWTH 2005-2007.
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WSE EQUITY MARKET OVERVIEW Robert Kwiatkowski - Director CEE Markets Business Development Department March, 2008
POLAND – THE LARGEST ECONOMY IN CENTRAL & EASTERN EUROPE • Poland – high growth potential Surce: Eurostat
GDP QUARTERLY GROWTH 2005-2007 Surce: Polish Central Statistical Office High quarterly growth continues
QUARTERLY GROWTH OF INVESTMENTS AND CONSUMPTION 2005-2007 Sound base for future growth of Polish economy Source: Polish Central Statistical Office
QUARTERLY GROWTH OF FOREIGN TRADE Declaining contribution of foreign trade balance to GDP
INDUSTRIAL PRODUCTION AND RETAILED SALES DYNAMICS Strong trend of production and retailed sales continues
INFLATION AND INTEREST RATE IN POLAND Increasing inflationary pressure Surce: Polish Central Statistical Office
CURRENCY EXCHANGE RATES Strenghtening Polish currency after entering EU Surce: European Central Bank
EUROPEAN LABOUR FORCE RATING* • Rating based on 15 factors relating to: • Labour supply • Human capital • Employee relations • Inflationary pressures • Labour flexibility • Rating provides assessment of HR based investment risk for foreign companies investing in another country Poland ranked 1st among 31 European countries * By Federation of European Employers
INDICES PERFORMANCE IN 2003 -2008 Strong index WIG20 performance starting from 2005
WSE MARKETS GPW WSE WSE Main List (regulated market) Non-regulated market 28 Powielanie bądź publikowanie niniejszego opracowania lub jakiejkolwiek jego części lub rozpowszechnianie w inny sposób informacji zawartych w niniejszym opracowaniu wymaga uprzedniej pisemnej zgody GPW w Warszawie SA
ACCESS TO THE WSE PUBLIC OFFER PRIVATE PLACEMENT INFORMATION DOCUMENT PROSPECTUS MEMORANDUM • No financial requirements • Market accessible for start-ups • App. 3 months lasting procedure • Financial requirements • Financial statements together with auditor’s opinions for at least past three consecutive financial years • 6-9 months lasting procedure
2007 - NEW COMPANIES • 105 IPOs, including 24in NewConnect market and 12foreign companies • Record high value of offerings: above PLN 18.3 bn (EUR 5.05.bn)(Main market and NewConnect market) • Immoeast – the largest ever public offering at WSE worth PLN 10.7 bn (EUR 3 bn) • Silvano Fashion Group – first Estonian company listed at WSE; additionally at WSE their IPOs had first companies from Italy, Spain, Cyprus and Sweden • LC Corp – the largest ever public offering of a private company (PLN 1.06 bn) • Kernel Holding – the second Ukrainian company at WSE; the offering worth above PLN 500 M • UniCredit – a company with the highest capitalisation at WSE – approx. PLN 270 bn, i.e. almost the same value as the value of all foreign companies listed at WSE (approx. PLN 300 bn)
WSE MAIN LIST COMPANIES – SECTORS AND SHARE IN MARKET CAP Number of companies Share in market value %
Robert Kwiatkowski, Tel: +48 22 537 70 98, robert.kwiatkowski@wse.com.pl, CEE Markets Business Development DepartmentWarsaw Stock Exchange 4 Książęca Str., 00-498 Warsaw Poland