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MarketScreener Homepage  >  Equities  >  Warsaw Stock Exchange  >  ENEA S.A.    ENA   PLENEA000013


End-of-day quote. End-of-day quote Warsaw Stock Exchange - 07/03
7.545 PLN   +0.07%
06/15ENEA S.A. : quaterly earnings release
04/14Poland's PGG asks workers to take pay cut as coronavirus hits
02/20Poland's biggest coal producer approves 6% pay rise to appease miners
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Poland's biggest coal producer approves 6% pay rise to appease miners

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02/20/2020 | 10:50am EDT

KATOWICE, Poland (Reuters) - Management at Poland's biggest coal producer, the state-run PGG, agreed to increase its miners' salaries by 6% after the company's trade unions threatened to stage a protest in Warsaw next week.

On Monday the PGG miners held a two-hour warning strike to demand a 12% increase in salaries and a clear national energy plan guaranteeing a future role for coal. The trade unions threatened that if there is no agreement with PGG management and the government, PGG miners will protest in Warsaw on Feb. 28.

"We signed an agreement with PGG trade unions. It assumes that salaries for PGG employees will rise by 6% as of Jan.1," State Assets Minister Jacek Sasin, who supervises the coal industry, said. "The protest in Warsaw will not take place."

Poland's ruling Law and Justice (PiS) party has taken steps to improve air quality and encourage investment in offshore wind and solar energy, but its plan regarding the nation's future energy mix is unclear.

The party, which is keen to secure coal miners' votes in a presidential election in May, has said Poland will continue to use coal as its main fuel for years to come.

PiS rose to power in 2015 partly on promises to sustain the then troubled coal mining. Since then the industry has recovered, as coal prices rebounded and the government closed some of the most loss-making mines.

Last year, however, the Polish coal industry started to face new problems because of increased coal imports and falling demand, leaving coal-mining companies with unsold stocks.

PGG does not disclose its financial results, but last week state-run utilities PGE, Enea and Energa, which all have minority stakes in PGG, said their 2019 results had been hit by impairments at PGG.

(Reporting by Wojciech ?urawski; writing by Agnieszka Barteczko; editing by Barbara Lewis)

Stocks mentioned in the article
ChangeLast1st jan.
ENEA S.A. 0.07% 7.545 End-of-day quote.-4.67%
ENERGA SA -0.25% 8.13 End-of-day quote.14.83%
GOLD -0.07% 1773.955 Delayed Quote.16.95%
PGE POLSKA GRUPA ENERGETYCZNA S.A. -1.43% 7.146 End-of-day quote.-10.23%
POLSKIE GÓRNICTWO NAFTOWE I GAZOWNICTWO S.A. -0.17% 4.69 End-of-day quote.8.36%
RISE, INC. 6.90% 31 End-of-day quote.3.33%
SILVER -0.34% 17.991 Delayed Quote.1.05%
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Latest news on ENEA S.A.
06/15ENEA S.A. : quaterly earnings release
04/14Poland's PGG asks workers to take pay cut as coronavirus hits
02/20Poland's biggest coal producer approves 6% pay rise to appease miners
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Sales 2020 17 516 M 4 417 M 4 417 M
Net income 2020 1 074 M 271 M 271 M
Net Debt 2020 6 157 M 1 552 M 1 552 M
P/E ratio 2020 3,88x
Yield 2020 -
Capitalization 3 331 M 839 M 840 M
EV / Sales 2019
EV / Sales 2020 0,54x
Nbr of Employees 17 300
Free-Float 48,5%
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Technical analysis trends ENEA S.A.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 8,81 PLN
Last Close Price 7,55 PLN
Spread / Highest target 82,9%
Spread / Average Target 16,8%
Spread / Lowest Target -36,8%
EPS Revisions
Jaroslaw Olowski Vice President-Financial Affairs
Roman Stryjski Member-Supervisory Board
Piotr Mirkowski Member-Supervisory Board
Ireneusz Kulka Member-Supervisory Board
Pawel Andrzej Koroblowski Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
ENEA S.A.-4.67%839
NEXTERA ENERGY1.75%120 600
ENEL S.P.A.11.34%89 983
IBERDROLA16.88%77 555