Polish pipemaker Ferrum has applied to the Polish Financial Supervision Authority for approval to delist from the Warsaw Stock Exchange, Kallanish notes.
The firm, listed since 1997, did not provide a reason for the move.
In the first half of 2024 it saw own-produced pipe sales fall 12% on-year to 41,900 tonnes. However, overall product sales, including traded products, rose 5,000t to 54,800t. Revenue at sell fabricator subsidiary ZKS Ferrum surged 81% to PLN 59.5 million ($14.8m).
Consolidated H1 revenue rose 15% to PLN 356.6m but net loss deepened almost five-fold to PLN 1.9m.
Bydgoszcz-based steel distributor Drozapol-Profil also applied for approval to delist earlier this month. Major Polish distributor Konsorcjum Stali delisted in 2020.
Adam Smith Poland
