Bio Planet will move up to the main market of the Warsaw Stock Exchange (WSE) from NewConnect, before end of year. Bio Planet intends to offer 200,000 new shares as part of its transition.
“Our debut on the WSE main market has always been our priority and goal, which we have been systematically pursuing, step by step strengthening individual business pillars. The time has come to implement our plans. We are the leader of the Polish market in the production and distribution of organic food. In addition, the ecological part of the food industry has been recording high growth dynamics for years, and yet it still has enormous potential. Further increases in our industry will be influenced by changes taking place in society and the European Union’s policy in the context of supporting agriculture and organic food production in the coming years. We are and will be beneficiaries of changes in nutritional trends around the world in the coming years. I believe that the best years of operation lie ahead of our company. This will build huge value for shareholders over time, ”said the president of Bio Planet, Sylwester Strużyna.
The company announced that in Q1 this year, it recorded PLN 2.86 million (increase by 30% y / y) of net profit with PLN 58.95 million of sales revenues (increase by 5.6% y / y).
The company plans to fully launch the expanded logistics and warehouse center in the second quarter of this year.
“We also focused on introducing numerous new products to our offer, both in our own brands and in distributed brands. We have introduced a total of 350 new items in the offer, most of the new products are products of suppliers who have been cooperating with Bio Planet for years. We have also expanded our offer with Asian pasta under the Perfect Earth brand and Italian La Buona Terra crispbread. Recently, we also offer dairy products and new products from the Biominki brand, ”added Strużyna.
Bio Planet states that it is one of the leaders of the Polish market of organic food packaging and distribution.