After the session of 17 December 2010 Tauron Polska Energia will join WIG20, the index of twenty largest companies listed on the Warsaw Stock Exchange. The Katowice-based Group will take the 8th position in WIG20 with a 4% share in the index.
Inclusion in WIG20 index is a result of a quarterly revision of indices. Such revision is performed by the Warsaw Stock Exchange based on the data as of the last session in January, April, July and October. WIG20 index has been calculated since 1994, based on the portfolio value of 20 largest and the most liquid companies from the main market.
“Tauron’s inclusion in the index of the largest companies is in line with our expectations and confirms the Group’s strong position on the capital market. High interest in Tauron results not only from good financial results but also numerous meetings with analysts and portfolio managers. This year we held approx. 200 such meetings and participated in several conferences organized by capital market institutions. I am convinced that our presence in WIG20 index will help increase even more the interest in our shares among institutional and individual investors”, said Dariusz Lubera, President of the Management Board at Tauron Polska Energia S.A.
Since July 2010 Tauron’s shares have been included in MSCI Poland Standard Index – the index that is considered a benchmark by portfolio managers and a basis for taking investment decisions, in particular by foreign investors. In connection with the inclusion of the Katowice-based company in WIG20, the Management Board of the Warsaw Stock Exchange decided to allow for trading in futures contracts for Tauron Polska Energia S.A. shares on the stock exchange.
In November 2010 Tauron was awarded the company of the quarter by “Puls Biznesu” daily and was also listed among the top ten favourite companies selected by analysts. These awards are a result of good financial results, share price increase, numerous positive recommendations by analysts and the planned inclusion in WIG20. In the third quarter both operating profit and net profit of Tauron exceeded analysts’ expectations by several percent. After three quarters of 2010 the Group’s sales revenue was approx. PLN 11 billion, EBITDA was PLN 2.16 million, and net profit amounted to PLN 825 million, which is an increase by 9%, 5% and 6% respectively in comparison to the results for the same period of 2009. Good results of the Katowice-based company are also reflected in many “buy” recommendations issued by Polish and foreign analysts.
Tauron floated on the Warsaw Stock Exchange on 30 June 2010, since then the share price increased from PLN 5.13 to PLN 6.79, i.e. by 32.4%. Market value of the Group increased from PLN 8 to 11.9 billion. Over the same period WIG increased by 20.6% and WIG20 by 21.3% which means that the Tauron shares performed better than the market. In November average turnover of Tauron shares per session was almost PLN 44 million while average number of transactions per session reached 2000.
