Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

ENEA S.A.

(ENA)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Poland's PGG asks workers to take pay cut as coronavirus hits

share with twitter share with LinkedIn share with facebook
04/14/2020 | 12:30pm EDT
FILE PHOTO: General view of Wujek Coal Mine is seen during sunset in Katowice

Poland's biggest coal producer, PGG, said on Tuesday it asked unions to accept a cut in hours and pay of up to 20% for three months, which would make the state-run company eligible for government help during the new coronavirus crisis.

Poland relies on coal for almost 80% of its electricity production, but lockdown measures, which have shut schools, restaurants, cinemas, some factories and reduced railway transportation, have led to a decrease in electricity usage that the company puts at 10-12%.

"We need to protect the company and prepare solutions for the future when we overcome the pandemic and the economy accelerates again," Chief Executive Tomasz Rogala said in a statement.

A PGG spokesman said the company did not yet know how much output would fall as a result of the changes.

The reduction in working time, which would apply to all employees, would allow PGG to apply for funding under the government's economic support programme of about 70 million zlotys ($16.91 million) a month, the company said.

(Reporting by Wojciech Zurawski, Alan Charlish and Anna Koper; editing by Barbara Lewis)


Stocks mentioned in the article
ChangeLast1st jan.
ENEA S.A. -3.23% 4.73 End-of-day quote.-40.24%
ENERGA SA 0.06% 8.31 End-of-day quote.17.37%
PGE POLSKA GRUPA ENERGETYCZNA S.A. -4.99% 4.496 End-of-day quote.-43.52%
POLSKIE GÓRNICTWO NAFTOWE I GAZOWNICTWO S.A. -4.10% 4.168 End-of-day quote.-3.70%
THE NEW HOME COMPANY INC. 3.45% 5.4 Delayed Quote.15.88%
share with twitter share with LinkedIn share with facebook
All news about ENEA S.A.
10/08Polish utilities set to begin separating coal from other assets in 2021
RE
08/31ENEA S.A. : half-yearly earnings release
07/27Poland plans cuts in coal mining as coronavirus crisis hits demand
RE
07/27Poland plans cuts in coal mining as coronavirus crisis hits demand
RE
06/15ENEA S.A. : quaterly earnings release
04/14Poland's PGG asks workers to take pay cut as coronavirus hits
RE
02/20Poland's biggest coal producer approves 6% pay rise to appease miners
RE
2019CURRENT REPORT NO. : 31/2019, 5.11.2019 18:59Information on preliminary financia..
PU
2019CURRENT REPORT NO. : 30/2019, 15.10.2019 16:46Cancellation of ENEA0220 series bo..
PU
2019CURRENT REPORT NO. : 29/2019, 30.09.2019 19:13Notification on the decision conce..
PU
More news
Financials
Sales 2020 15 535 M 3 925 M 3 925 M
Net income 2020 708 M 179 M 179 M
Net Debt 2020 6 311 M 1 594 M 1 594 M
P/E ratio 2020 2,84x
Yield 2020 -
Capitalization 2 088 M 527 M 528 M
EV / Sales 2020 0,54x
EV / Sales 2021 0,53x
Nbr of Employees 17 200
Free-Float 48,5%
Chart ENEA S.A.
Duration : Period :
ENEA S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ENEA S.A.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 9,00 PLN
Last Close Price 4,73 PLN
Spread / Highest target 190%
Spread / Average Target 90,3%
Spread / Lowest Target 24,7%
EPS Revisions
Managers
NameTitle
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.-40.24%527
NEXTERA ENERGY22.25%144 991
ENEL S.P.A.-1.91%82 211
IBERDROLA, S.A.11.33%73 014
DOMINION ENERGY, INC.-2.26%67 937
DUKE ENERGY CORPORATION1.13%67 836