Poczta Polska on WSE in 2007?

Poczta Polska (PP) national postal service forecasts that the earliest possible time for its debut on the Warsaw Stock Exchange is 2007, announced PP Director General Tadeusz Bartkowiak. Before it goes public, PP will need to undergo commercialisation. Bartkowiak believes that changing the legal status to a joint stock company will be possible in 2006. In his opinion, commercialisation will broaden the company’s access to sources of financing. PP is currently carrying out an amended development strategy adopted in 2004. It wants to differentiate its revenues, increasing the number of financial services and products, as well as express and courier parcels. The investment plan envisages spending around ZL3.5bn for IT infrastructure by the end of 2008. PP has a network of 8,300 outlets and employs over 100,000 people. In 2004 its revenue increased to ZL6.4bn, from ZL6.2bn in 2003. Net profits increased during that time to ZL100m, from ZL91m.