Company Profile

The information below does not constitute any invitation or offer to sell, invest in or trade, nor does it constitute any invitation to place any offer to purchase, invest in or trade the securities. The information presented herein is up to date as on the date of publication. For more information, please contact Investor Relations Centre, tel: (+48 22) 695 90 01-02, e-mail: investor@msp.gov.pl.

WITAR S.A. seated in Poznań

Description of activity

WITAR Group is a leader in the Polish sawmilling industry. It specializes in the production of sawn timber and its products, such as wooden structures, floor and wall materials, rafter framing, soundproof screens, elements of small-scale garden architecture, rail sleepers and switch sleepers. WITAR Group operates construction yards specializing in the trade of highest quality construction materials. Their offer is addressed to both individual and business customers, to the domestic and foreign market. The timber industry market where WITAR Group’s companies operate is a very scattered market. Both domestic and foreign firms compete on this market. In 2005, the company recorded PLN 43.8 million in sales (while the whole Group PLN 50,5 million). In 2006, the company’s revenues amounted to PLN 11.9 million (PLN 41.2 million for the whole Group), and in 2007 PLN 2.8 million (PLN 53.3 million for the whole Group).

Contact information

Province : wielkopolskie

WITAR S.A.
Romana Maya 1 St.
61-371 Poznań
Switchboard ph. (+48 61) 819 85 94
Fax (+48 61) 610 76 36
Secretary's office ph. (+48 61) 819 85 94
Fax (+48 61) 819 82 74
www.witar.pl

Ministry of Treasury
ul. Krucza 36 / Wspólna 6
00-522 Warszawa
Investor Relations Centre
ph.: (+48 22) 695 90 01
ph.: (+48 22) 695 90 02
fax: (+48 22) 629 98 38
investor@msp.gov.pl
www.msp.gov.pl

foto

Branch

Timber

Performance in thousand PLN

 
  2008 2009 2010
Sales revenue 2 423.2 1 599.2 1 874.3
EBITDA 571.8 533.5 402.6
Net result 16.2 296.8 396.7

Planned privatisation

The Treasury holds 100% of the company’s shares. Privatisation will be conducted by way of a public auction. The Treasury intends to sell a majority block of shares.

History of privatisation process:
Cancellation of auction: 24 June 2010
Invitation to participate in a public auction. More information

Employment

7 employees (in the Company),190 employees (in the Group)

Initial capital

PLN 7 089 920.00

President of the Management Board

Witold Tłuchowski

Privatisation advisor

Agencja Konsultingu Gospodarczego "Accord`Next" Sp. z o.o. with its registered seat in Wrocław

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Publication date : 30.04.2009
Modification date : 25.10.2011
Katarzyna Szulc