Polish retailer Dino Polska has announced that it has been promoted to the WIG20 Index, which features the top 20 companies listed on the Warsaw Stock Exchange.
The retailer will be listed on the WIG20 Index as a result of the annual index adjustment, which will be implemented after the 15 March session.
Its inclusion in the index comes two years after the launch of its IPO on the Warsaw Stock Exchange.
'Enormous Distinction'
Chief executive of the company, Szymon Piduch, termed the achievement an "enormous distinction", and attributed it to the trust of investors, and relentless efforts made by the retailer to implement its development strategy.
"We are very happy that Polish mutual and pension funds, or indirectly millions of Polish citizens, but also retail and foreign investors, see the potential and prospects of Dino Polska S.A.," Piduch added.
"In 2018, we opened a record 202 stores. The year 2019 will be another period of continued expansion of our network."
Other Achievements
Since its listing on the exchange in 2017, the retailer's market capitalisation has grown by more than 200%, the company added.
To date, the company’s stock has been included in the mWIG40 mid-cap index.
It has also been included in some of the most significant international stock exchange indices, published by MSCI and FTSE Russel.
During the last three months, the trading volume in the stock of Dino Polska S.A. on the Warsaw Stock Exchange has been in excess of PLN 1 billion (€230 million), which translates into an average volume of PLN 17 million (€3.95 million) per trading session.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.
