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Cyfrowy Polsat SA (CPS.WA)

CPS.WA on Warsaw Stock Exchange

23.10PLN
16 Feb 2018
Change (% chg)

0.10zł (+0.43%)
Prev Close
23.00zł
Open
23.28zł
Day's High
23.44zł
Day's Low
22.98zł
Volume
440,839
Avg. Vol
499,087
52-wk High
28.00zł
52-wk Low
22.72zł

Latest Key Developments (Source: Significant Developments)

Cyfrowy Polsat to simplify group structure
Thursday, 7 Dec 2017 02:23am EST 

Dec 7 (Reuters) - Cyfrowy Polsat ::Polish telecoms and media group Cyfrowy Polsat plans to merge with its Swedish subsidiary Eileme 1 AB, the owner of mobile operator Polkomtel, draft motions for Cyfrowy Polsat's shareholder meeting due Jan. 9 show.Cyfrowy Polsat says the merger will simplify cash flows, reduce operating costs of the group and increase its transparency and credibility.  Full Article

Cyfrowy Polsat says does not exclude further increasing stake in Netia - CFO
Tuesday, 5 Dec 2017 07:08am EST 

Dec 5 (Reuters) - Cyfrowy Polsat ::Polish telecoms and media group Cyfrowy Polsat does not exclude increasing its stake in telecoms firm Netia above a currently targeted level of about 66 percent of shares, Cyfrowy's Chief Financial Officer Katarzyna Ostap-Tomann says.Cyfrowy Polsat has announced earlier on Tuesday a tender offer to buy 119,349,971 shares in Netia at 5.77 zlotys for each share of Netia .Cyfrowy said on Monday that two key Netia shareholders - Mennica Polska and fund FIP 11 - agreed to sell their stakes in Netia representing nearly 33 percent of votes to Cyfrowy.  Full Article

Cyfrowy Polsat offers to buy 119.3 mln Netia shares at PLN 5.77/each
Tuesday, 5 Dec 2017 06:34am EST 

Dec 5 (Reuters) - Netia S.A. :Poland's telecoms and media group Cyfrowy Polsat <<>> announces on Tuesday a tender offer to buy 119,349,971 shares in telecoms firm Netia <<>> at 5.77 zlotys for each share of Netia.The tender offer announcement comes after Cyfrowy Polsat said on Monday that two key Netia shareholders - Mennica Polska and fund FIP 11 - agreed to sell their stakes in Netia representing nearly 33 percent of votes.Netia shares rise by 22.6 percent on Tuesday, Cyfrowy Polsat shares up by 4.21 pct .  Full Article

Poland's Cyfrowy Polsat Q3 net profit down at 242.9 mln zlotys, below forecast
Thursday, 9 Nov 2017 12:00am EST 

Nov 9 (Reuters) - CYFROWY POLSAT SA :POLAND'S CYFROWY POLSAT SAYS Q1-Q3 NET PROFIT AT 813.5 ‍​ MILLION ZLOTYS VERSUS 820 MILLION ZLOTYS SEEN IN REUTERS POLL.POLAND'S CYFROWY POLSAT SAYS Q3 NET PROFIT AT 242.9‍​ MILLION ZLOTYS VERSUS 249 MILLION ZLOTYS SEEN IN REUTERS POLL.POLAND'S CYFROWY POLSAT SAYS Q3 EBITDA AT 851.1 ‍​ MILLION ZLOTYS VERSUS 856 MILLION ZLOTYS SEEN IN REUTERS POLL.POLAND'S CYFROWY POLSAT SAYS Q3 REVENUE AT ‍​2.39 BILLION ZLOTYS VERSUS 2.37 BILLION ZLOTYS SEEN IN REUTERS POLL.  Full Article

Cyfrowy Polsat signs long-term contract with Eutelsat for lease of multiple transponders​
Wednesday, 6 Sep 2017 09:31am EDT 

Sept 6 (Reuters) - EUTELSAT ::‍CYFROWY POLSAT GROUP SIGNED A LONG-TERM CONTRACT WITH EUTELSAT COMMUNICATIONS FOR LEASE OF MULTIPLE TRANSPONDERS​.‍AGREEMENT COVERS EXTENSION OF EXISTING CAPACITY AND EXPANSION AT HOTBIRD VIDEO POSITION​.  Full Article

Polish Cyfrowy to reach net debt/EBITDA target after debt refinancing
Thursday, 24 Aug 2017 06:38am EDT 

Aug 24 (Reuters) - Cyfrowy Polsat SA :Polish telecoms and media group Cyfrowy Polsat plans to reach its targeted level of net debt/EBITDA (earnings before interest tax depreciation amortisation) of 1.75 after debt refinancing planned around turn of 2019 and 2020, company's Chief Financial Officer Katarzyna Ostap-Tomann says at news conference.She says that she expects the ratio to fall slightly by end of this year from 2.74 in the second quarter.  Full Article

Cyfrowy says tax office demands it pay over PLN 40 mln in due tax
Monday, 29 May 2017 08:15am EDT 

May 29 (Reuters) - Cyfrowy Polsat S.A. ::Poland's largest media group Cyfrowy Polsat says it has received decision from Polish tax office that it owes 40.6 million zlotys ($10.86 million) in unpaid income tax for the year 2011 plus accrued penalty.Cyfrowy Polsat says the tax office decision is neither final nor enforceable. "The Company will appeal against the decision of the Tax Office to the head of the Treasury Administration Chamber in Warsaw," Cyfrowy says.Cyfrowy Polsat says it does not intend to create any provisions encumbering its financial results for now.Cyfrowy Polsat says tax office contested the company's right to charge into tax deductible.expenses certain expenditures incurred in 2011."The decision was issued in spite of the Company having presented a number of arguments stipulating that the findings of the Tax Office were incorrect and had no legal basis," Cyfrowy Polsat says.  Full Article

Cyfrowy Polsat flags 59 mln zloty one-off charge in Q1 profit
Wednesday, 12 Apr 2017 11:33am EDT 

Polish media group Cyfrowy Polsat SA said: Cyfrowy's unit Litenite will redeem on April 26 bonds that were originally due in 2022 . Early redemption worth 886.704 million zlotys ($222 million)plus premium for early redemption at 58.658 million zlotys .Cyfrowy says redemption to have "one-off, negative impact on consolidated net profit of Cyfrowy Polsat Group to the amount of around 59 million zlotys".  Full Article

Poland's Cyfrowy Polsat sees higher Q4 consolidated net profit
Wednesday, 1 Mar 2017 12:03pm EST 

Cyfrowy Polsat Sa : Poland's Cyfrowy Polsat said on Wednesday it sees fourth-quarter consolidated net profit 100 million zlotys ($25 million) higher due to a one-off tax gain Further company coverage: [CPS.WA] ($1 = 4.0564 zlotys) (Reporting By Warsaw Bureau).  Full Article

Polsat Media Biuro Reklamy to acquire advertisements for 4FUN Media's TV channels
Friday, 25 Nov 2016 02:22am EST 

4FUN Media SA <4FMP.WA> : Signs contract with Polsat Media Biuro Reklamy Sp. z o.o. Sp. k. for acquisition of advertisements for its TV channels 4FUN.TV, 4FUN HITS and 4FUN FIT&DANCE .Polsat Media Biuro Reklamy belongs to capital group of Cyfrowy Polsat SA Full Article

BRIEF-Cyfrowy Polsat says does not exclude further increasing stake in Netia - CFO

* Polish telecoms and media group Cyfrowy Polsat does not exclude increasing its stake in telecoms firm Netia above a currently targeted level of about 66 percent of shares, Cyfrowy's Chief Financial Officer Katarzyna Ostap-Tomann says