Company Profile
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
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
Modification date : 25.10.2011


