Famur celebrates 10 years on the Warsaw Stock Exchange
Published by Jonathan Rowland,
Polish mining equipment manufacturer, Famur, has celebrated 10 years since its debut on the Warsaw Stock Exchange.
Famur shares listed on the stock exchange in 2006. Since then, the company has recorded an 88% rate of return to investors and paid more than PLN 1.3 billion in dividends.
The past decade has also been marked by the extension of Famur’s product portfolio, its expansion into foreign markets and a number of successful acquisitions.
“These past 10 years from our introduction on the Warsaw Stock Exchange proved that a deliberate development strategy, along with a reasonable approach to risk allows for a consistent upturn in the company’s value – even in the presence of extremely difficult market conditions,” said Miroslaw Bendzera, President of the Management Board of Famur S.A.
“Nowadays, our structure is fitting to the current reality and we have a stable financial situation, so that the company maintains high efficiency and is recognised among the stock exchange investors.”
Since 2006, Famur has conducted 11 acquisitions, expanding its product portfolio. This, combined with its ‘Go Global’ strategy to take the band into foreign markets, has seen revenues reach PLN 3 billion in 2016.
Famur is majority owned by Tomasz Domogala’s TDJ Group. Under TDJ’s support, the company strategy has focused on long-term investment and development.
“TDJ Group has played a key role in all major projects that ensured development to Famur. The financial potential and support of TDJ enabled, among others, numerous acquisitions in last few years, including the process of acquisition of Kopex that is being prepared now,” explained Bendzera.
“Famur is the Polish leader in its sector and its results, as well as prospects for development, have brought it to the attention of a wider group of investors,” said Tomasz Domogala, the owner of TDJ S.A.
”Our ambitions do not end here. I am deeply convinced that the acquisition of our biggest domestic rival, Kopex Group, the company will have the chance to join the Polish contenders and challenge the global rivals.”
Read the article online at: https://www.worldcoal.com/product-news/25102016/famur-celebrates-10-years-on-the-warsaw-stock-exchange/
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