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

ENEA S.A.

(ENA)
  Report
End-of-day quote. End-of-day quote Warsaw Stock Exchange - 11/26
5.69 PLN   +1.79%
11/25Poland should scrap coal and energy plan, environmentalists say
RE
10/08Polish utilities set to begin separating coal from other assets in 2021
RE
08/31ENEA S.A. : half-yearly earnings release
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

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

02/20/2020 | 10:50am EST

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)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ENEA S.A. 1.79% 5.69 End-of-day quote.-28.11%
ENERGA SA -0.87% 8 End-of-day quote.12.99%
GOLD -1.20% 1787.5 Delayed Quote.19.20%
PGE POLSKA GRUPA ENERGETYCZNA S.A. 0.00% 6.1 End-of-day quote.-23.37%
POLSKIE GÓRNICTWO NAFTOWE I GAZOWNICTWO S.A. -1.30% 5.004 End-of-day quote.15.62%
RISE, INC. 4.17% 25 End-of-day quote.-16.67%
SILVER -2.21% 22.6785 Delayed Quote.31.05%
All news about ENEA S.A.
11/25Poland should scrap coal and energy plan, environmentalists say
RE
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
More news
Financials
Sales 2020 17 252 M 4 600 M 4 600 M
Net income 2020 778 M 207 M 207 M
Net Debt 2020 6 699 M 1 786 M 1 786 M
P/E ratio 2020 4,03x
Yield 2020 -
Capitalization 2 441 M 651 M 651 M
EV / Sales 2020 0,53x
EV / Sales 2021 0,57x
Nbr of Employees 17 200
Free-Float 48,5%
Chart ENEA S.A.
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ENEA S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends ENEA S.A.
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Average target price 8,99 PLN
Last Close Price 5,69 PLN
Spread / Highest target 141%
Spread / Average Target 57,9%
Spread / Lowest Target 8,96%
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
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1st jan.Capitalization (M$)
ENEA S.A.-28.11%668
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