May 2026
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Largest Public Companies in Poland
Benchmark revenue and EBITDA valuation multiples for public comps like
Orlen, PKO Bank Polski, Santander Bank Polska, Bank Pekao S.A. and KGHM.
 | Orlen SA is an energy conglomerate that refines and distributes oil in Poland, the Czech Republic, Germany, and Lithuania. Through a group of refineries, it processes crude oil into gasoline, diesel oil, fuel oil, and aviation fuel. The company also produces petrochemicals and products used by chemical companies as feedstock. Additional operations include exploration and production activities in Poland, where it is domiciled, and Canada. Oil products are offered through thousands of service stations, which is supported by logistics infrastructure. This infrastructure includes surface and underground storage depots and a long-distance pipeline network. | $40 | +99% | $46B | $49B | 0.7x | 4.8x | ||
| PKO Bank Polski SA is a universal banking group operating predominantly in Poland. Its various products and service offerings include retail deposits, mortgage loans, consumer finance, corporate deposits, corporate loans, and asset management, among others. The majority of its net revenue is net interest income, overwhelmingly derived from customer loans. Along with its subsidiaries, the company operates in three main segments Retail, Corporate and Investment, and Transfer Center and Other. Maximum revenue is generated from the Retail segment, which offers various services to individuals as part of retail, private, and mortgage banking, and to legal entities as part of corporate banking. | $26 | +28% | $33B | $43B | 5.0x | — | ||
| Santander Bank Polska SA is a commercial bank. It provides financial products and services for individuals, small and medium enterprises, and corporate clients. Its products include personal accounts, credit, savings, investment, settlement, insurance, card products, and others. The group has been divided into four segments: Retail Banking, Business & Corporate Banking, Corporate & Investment Banking, and ALM (Assets and Liabilities Management) and Centre. It generates the majority of its revenue from the Retail Banking segment. | $171 | +26% | $17B | $19B | — | — | ||
| Bank Polska Kasa Opieki SA is a commercial banking group that provides a wide variety of retail and investment services in Poland. The group's four segments include retail banking and private banking, corporate and investment banking, enterprise banking and assets and liabilities management. Of these segments, retail and private banking is the greatest contributor to both net interest income and fee and commission income, followed by corporate and investment banking. The majority of the bank's revenue is net interest income, almost entirely derived from loans and receivables from customers. | $63 | +26% | $17B | $22B | 4.6x | — | ||
| KGHM Polska Miedz SA engages in copper ore mining and copper production predominantly in South-Western Poland. The company also produces precious metals such as silver, which is typically used for coins, jewelry, photography products, and industrial purposes. The bulk of group revenue is generated through copper sales, and the remainder is through sales of silver, while a minor portion is generated through the production of gold, salt, and casting of light metals. The materials are sold domestically, and exported to Germany, China, the U.S., the United Kingdom, and the Czech Republic, among many other European nations. | $83 | +148% | $17B | $18B | 1.8x | 6.5x | ||
| Powszechny Zaklad Ubezpieczen SA is a property and casualty insurance company that operates in the Central and Eastern European region with an emphasis on the Polish market. The company’s main strategic objectives include stable financial results, broad growth, and innovation. The vast majority of Powszechny’s revenue is generated from gross written premiums, followed by results of its investment activities. The company serves clients through its own agency network along with sales through external agency centers. | $17 | +5% | $15B | $23B | 1.3x | — | ||
| ING Bank Slaski SA offers a broad range of banking services rendered to individual and institutional clients in line with the scope of services outlined in the Bank’s charter. The Bank runs operations both in the home currency and in foreign currencies. Additionally, through subsidiaries, the Group conducts leasing and factoring activity, advisory and acts as a financial intermediary as well as provides other financial services. The Group’s business model includes the division of clients into two main segments namely the retail banking segment and corporate banking segment. The Group pursues business within the territory of the Republic of Poland. | $105 | +30% | $14B | $12B | 3.6x | — | ||
| mBank SA is a financial services group operating in Poland, as well as the Czech Republic and Slovakia. Its primary business is retail, corporate, and investment banking, but the company also conducts leasing, factoring, and wealth management operations, among other financial services. The group offers insurance policies through a strategic partnership. The bank plans to emphasize customer service, particularly in the development of its banking solutions. The group conducts its business segments in The Retail Banking segment, The Corporate and Investment Banking segment, The Treasury and Other segments, and the FX Mortgage Loans segment and the majority of its revenue is generated from the retail banking segment. | $309 | +39% | $13B | $17B | 4.8x | — | ||
| LPP SA makes and sells clothing, footwear, bags, and accessories in Central and Eastern Europe. LPP has nearly 1,500 company-branded retail stores, which serve as the company’s primary sales channel. Brands include Reserved, Cropp, House, Mohito, and Sinsay. Reserved stores account for roughly half of the company’s sales volume. Geographically, most sales are in Poland, and Poland and Russia account for more than 80% of total sales. LPP purchases most of its materials in Asia, and the company’s manufacturers are primarily located in China. | $5,884 | +51% | $11B | $13B | 2.0x | 9.8x | ||
| Inpost SA operates a pan-European out-of-home delivery platform for e-commerce. InPost’s operations span the entire e-commerce value chain, significantly enhancing the experiences of merchants and consumers. As a player in the European market, operating in nine countries (Poland, France, the UK, Spain, Portugal, Italy, the Netherlands, Belgium, and Luxembourg), It plays a role in shaping the region’s e-commerce and logistics landscape through its OOH solutions and dedication to innovation and quality service. | $18 | +7% | $9B | $11B | 2.8x | 10.3x | ||
| Dino Polska SA is engaged in retail sales in non-specialized stores with food, beverages and tobacco. It conducts processing of meat in the form of culinary meat, to external recipients within its retail chain. | $9 | -41% | $9B | $9B | 0.9x | 12.2x | ||
| Allegro is a large Polish holding company with a suite of complementary online retail properties including Ceneo (price comparisons), EBilet (live events tickets), We|Do (courier services), and the Mall Group (online and offline retail in adjacent Central European markets). The firm is best known for its eponymous e-commerce marketplace, which generates predominantly third-party product sales across the home and garden, electronics, health and beauty, automotive, and supermarket categories. The operator boasts 45% to 50% share of the Polish e-commerce market by GMV, per our calculations and PWC data, and has built out a suite of ecosystem functionality that includes financial, logistics, and advertising services. | $8 | -12% | $8B | $9B | 2.9x | 9.6x | ||
| CD Projekt SA is the holding company of CD Projekt capital group. The firm with its subsidiary develops and publishes videogames for hardware platforms such as Steam, PlayStation Store, Xbox Games Store, Nintendo, App Store, Humble Bundle, Origin, and its own proprietary GOG.com platform. It is also involved in international digital videogame distribution. The firm has CD Projekt Red and GOG.com segments. It derives the majority of its revenues from CD Projekt Red segment. | $72 | +20% | $7B | $7B | 25.6x | 56.2x | ||
| Polska Grupa Energetyczna SA is a Polish electric utility company of which the Polish State Treasury is the majority shareholder. The vast majority of Polska Grupa's revenue comes, collectively, from its conventional generation business, which mines coal and controls power plant operations; its distribution business, which distributes electricity throughout Poland; and its supply business, which purchases and sells electricity and heat. Polska Grupa controls a portfolio of lignite, coal, gas, biomass, hydro, and wind power plants. most of the company's power production is derived from its lignite-fired and coal-fired facilities. Almost all of Polska Grupa's revenue comes from the Polish market, and it is one of the largest energy producers in the country. | $3 | +18% | $7B | $8B | 0.5x | 2.2x | ||
| Bank Millennium SA is a commercial bank group operating in Poland. The bank's operating segments include retail, corporate, FX mortgage loans, treasury operations, assets/liabilities management and other segment. The company derives the majority of its revenue from the retail segment which comprises the banking products and services provided to individual customers on the mass market, affluent customers, sole traders as well as services to small companies. | $5 | +25% | $6B | $8B | 4.0x | — | ||
| BNP Paribas Bank Polska SA provides various banking and financial services. It specializes in the financing of agriculture, food economy and regional infrastructure. Further operation of the firm is breakdown into various business segments which include Retail and Business Banking, Small and Medium-Sized Enterprises, Corporate Banking, Corporate and Institutional Banking as well as Other Operations. The bank is engaged in offering services such as saving and current accounts, deposits, e-banking, loans, debit & credit cards, insurances, pensions schemes and corporate banking for individuals, private banking customers, microenterprises, whereas institutional customers and to medium-sized and large enterprises. Business activity of the bank is primarily functioned through the Poland region. | $40 | +49% | $6B | $9B | 4.3x | — | ||
| Orange Polska SA is a provider of telecommunications services in Poland. The Group provides mobile and fixed telecommunications services, including calls, messaging, content, access to the Internet and TV. In addition, it provides IT and integration services, leased lines and other telecommunications value-added services, sells telecommunications equipment, provides data transmission, constructs telecommunications infrastructure, and sells electrical energy. It derives revenue from the provision of Internet, mobile, and television services. The maximum of the company's revenue is earned through mobile-only services. | $4 | +64% | $6B | $7B | 2.0x | 6.6x | ||
| Budimex SA provides construction services, property development and management, and other systems to coordinate resources and construct complex structures. The company has two operating segments: Construction business and Service activities. The company generates a majority of its revenue from the Construction business segment, which covers the rendering of widely understood construction and assembly services at home and abroad. The segment of Service activities comprises comprehensive services in the field of municipal waste management, comprehensive road and lighting infrastructure maintenance, and technical operation (maintenance) of buildings. Geographically, the company generates maximum revenue from Poland, followed by Germany, Slovakia, and other EU countries. | $182 | +8% | $5B | $4B | 1.5x | 12.5x | ||
| TAURON Polska Energia SA is a Polish joint stock company that operates and has ownership stakes in the energy industry in Eastern and Northern Europe. TAURON Polska Energia is, cumulatively, involved in the production, distribution, and sale of energy and fuel inputs. The company segments its operations into Mining, Generation, Distribution, and Sales. In its Generation division, TAURON Polska Energia operates a portfolio of biomass, coal, gas, and hydro power plants mainly in Poland. Majority of its total energy production comes from its conventional, thermal facilities. The company generates the majority of its revenue from the sale of electricity and heat out of its Sales unit. | $3 | +39% | $5B | $8B | 0.8x | 3.9x | ||
| Alior Bank SA is a universal lending and deposit-taking bank that provides services to a Polish customer base. Its core activities include maintaining bank accounts, granting loans and advances, issuing banking securities, and buying and selling foreign currencies. Its subsidiary group company conducts brokerage activities, consulting, financial agency services, and other financial services. Its loan and advances book is diversified across various categories, notably retail cash loans and overdrafts, housing loans and other mortgages, working capital, and investment loans. The group's operations are financed from the funds of non-financial-sector customers deposited with the bank. | $34 | +20% | $4B | $5B | 2.8x | — | ||
| Asseco Poland SA is a Poland-based information technology (IT) company, which is engaged in the development of software for companies from different sectors of the economy. It also provides enterprise resource planning solutions and services to micro, small, and mid-sized companies, as well as large enterprises; and business intelligence software and services. The company's operating segments include the Asseco Poland segment, the Asseco International segment, and the Formula Systems segment. It generates the majority of its revenue from the Formula Systems segment. | $53 | +7% | $4B | $3B | 0.7x | 4.6x | ||
| Bank Handlowy w Warszawie SA is a Poland-based bank and the parent company of the Bank Handlowy Group. It is a subsidiary of Citigroup, through Citibank Overseas Investment Corporation. The group provides retail, corporate, and investment banking services, as well as leasing and other financial services. | $32 | -2% | $4B | $2B | 2.8x | — | ||
| Benefit Systems SA is Poland based company which is engaged in providing work benefits in the area of sport, recreations, culture and entertainment. Its products portfolio includes MultiSport Plus card, program that allows access to the sport and recreation clubs and multi-purpose facilities as well as Mybenefit, Benefitlunch, Multibilet, Multikafeteria and others. | $1,117 | +34% | $4B | $4B | 3.5x | 11.0x | ||
| XTB SA is engaged in brokerage activities business. It is a Polish broker from the fin-tech sector, providing products and services dedicated to active investing, saving, and virtual payment management. The group conducts its operations through two business segments; the Retail segment includes the provision of trading in financial instruments for individual customers; the Institutional segment includes the provision of trading in financial instruments and offering trade infrastructure to entities (institutions), which in turn provide services of trading in financial instruments for their customers under their brand. It derives a majority of its revenue from the Retail segment. | $27 | +22% | $3B | $3B | 4.5x | 11.0x | ||
| Enea SA is a Polish energy group involved in the production, transmission, and sale of electricity to homes and businesses. Enea segments its operations into Mining, Generation, Distribution, and Trading. Enea supplies coal as raw material to generate electricity and heat to distribute and trade to customers. Collectively, Enea generates a sizable amount of Poland’s total energy production. The majority of the company's revenue is derived from the sale of electricity produced by coal- and gas-fired facilities. The distribution of electricity to business customers and households also represents a significant revenue stream. Enea primarily serves individual consumers, small- and medium-sized companies, and large industrial plants in Poland. | $6 | +30% | $3B | $4B | 0.5x | 2.6x | ||
| Grupa Kety SA manufactures and sells extruded aluminum and other aluminum products primarily to industrial customers. The firm organizes itself into five segments based on product. The Extruded Products segment manufactures aluminum profiles. The Flexible Packaging segment produces and sells packaging to the food industry. The Aluminum Systems segment, which generates the most revenue of any segment, sells aluminum systems to the building industry. The Building Accessories and Building Services segments produce and sell hardware and aluminum facades to the construction industry. The vast majority of Grupa Kety’s revenue comes from Poland, where the company’s operations are also located. | $313 | +33% | $3B | $3B | 2.2x | 12.1x | ||
| Inter Cars SA is engaged in the import and distribution of spare parts and tyres for passenger cars and utility vehicles. The company's product offerings include Spare parts for passenger cars, Spare parts for commercial vehicles and buses, tyres, batteries, lubricants, garage equipment, motorcycles, and parts, Accessories, and other sales - services. | $212 | +40% | $3B | $4B | 0.7x | 11.2x | ||
| Cyfrowy Polsat SA operates in Poland as a provider of a paid digital satellite platform under the name of ‘Polsat Box’ and paid digital terrestrial television as well as the telecommunication services provider. The group operates in the following four segments that includes B2C and B2B services segment which relate to the provision of services to the general public, including digital television transmission signal, mobile services, internet access services, mobile TV services, online TV services, and set-top box production, Media segment consists mainly of production, acquisition, and broadcasting of information and entertainment programs, and TV series. Real Estate segment consists construction, sale, rental, and management of own or leased real estate and Green energy segment. | $4 | -5% | $2B | $6B | 1.4x | 5.8x | ||
| Kruk SA is the leader in the debt collection industry. It manages debts purchased on its own account and contracted by third parties. The group manages bank debt (the main client category), debts owed to loan brokers, insurance companies, leasing firms, fixed-line and mobile phone operators, cable TV companies, digital TV platforms and FMCG companies. The Group manages debt in three segments consumer debts, mortgage debts and corporate debts. Consumer debts include retail and unsecured. Mortgage debts include retail, and secured. Corporate debts include mortgage-backed and non-mortgage-backed. Geographically the company operates in segments Poland, Romania, Italy, Spain, and Other foreign markets. | $119 | +12% | $2B | $3B | 3.8x | 7.3x | ||
| Energa SA is a Polish electric utility company of which the State Treasury of Poland is the majority shareholder. Energa SA is involved in the distribution, generation, and sale of electrical energy. The company segments its activities into Electricity Distribution, Generation, and Sales units. The Distribution division operates an electricity transmission system in Northern and Central Poland, where it is the sole distributor. Energa's Generation business controls a portfolio of coal, hydro, biomass, and wind power plants throughout the country. Coal-fired facilities account for a majority of the company's energy production. The majority of Energa's earnings are derived from the business of distributing electricity. | $5 | +59% | $2B | $6B | 1.0x | 5.6x | ||
| CCC SA is engaged in the wholesale and retail trade of clothing and footwear, offering a mix of private-label and third-party branded products. It operates multiple business lines selling products through retail stores and online platforms. The group's operating and reportable segments include CCC, HalfPrice, Eobuwie, Modivo, and DeeZee. The majority of its revenue is generated from the CCC segment, which sells footwear, clothing, handbags, shoe care accessories, and small clothing accessories via retail stores and websites, and on a wholesale basis to Polish and foreign franchisees and other wholesale customers. Geographically, the group generates maximum revenue from Poland, followed by other European countries such as the Czech Republic, Romania, Slovakia, Germany, Italy, Greece, etc. | $25 | -- | $2B | $3B | — | — | ||
| Dom Development SA is engaged in the construction and sale of residential properties mainly in Warsaw. The company’s segments include the Warsaw segment, the Tricity segment, the Wroclaw segment, and the Krakow segment. It derives the majority of the revenue from the Warsaw segment. | $71 | +12% | $2B | $2B | 2.1x | 8.7x | ||
| Modivo SA operates in the footwear and apparel segment across multiple European markets. The group follows an omnichannel retail model that includes a network of physical stores and e-commerce platforms. Its operations are conducted under several brands, including CCC, HalfPrice, eobuwie.pl, MODIVO, Worldbox, and Boardriders. | $22 | -63% | $2B | $3B | 0.9x | 4.9x | ||
| Diagnostyka SA is engaged in providing laboratory diagnostics services in Poland. The company offers comprehensive laboratory services from collecting biological material, through testing, to providing results online. | $43 | -5% | $1B | $2B | 2.6x | 10.6x | ||
| Newag SA is a Poland-based company engaged in heavy machinery sector. The Company operations are divided into four segments: the Electric and Diesel Multiple Units segment produces electric MUs for electrified railway lines of passenger transportation. | $30 | +54% | $1B | $1B | 1.9x | 8.2x | ||
| Develia SA is a Poland based real estate developer. The company executes commercial and residential investment projects. It is engaged in activities, consisting of the purchasing of real estate and the development of residential, office, commercial or retail projects, and the sale or lease of premises. Its properties are built in Polish cities including Warsaw, Wroclaw, Krakow, Katowice, Gdansk, and Lodz. | $3 | +36% | $1B | $2B | 3.1x | 11.1x | ||
| CPI FIM SA is an investor, developer, and asset manager in the Central European real estate and hospitality market. The group operates in several countries in Central and Eastern Europe with the main focus on the Czech Republic, Germany, Poland, and Croatia. It is engaged in the financing of entities within the CPIPG Group and also holds and operates a property portfolio. Its other business activities include rendering advisory and other services to CPI PG group; investing in the land bank and development portfolio in the Czech Republic; managing of office portfolio in Poland; operating of hotel resort in Italy; and managing of residential portfolio in France. | $1 | -17% | $1B | $3B | 21.7x | 10.0x | ||
| Polenergia SA together with its subsidiaries is involved in generating, distributing, and transmitting electricity in Poland. It produces energy from conventional and renewable sources, such as wind, gas, coal, and biomass. The company distributes electricity to industrial plants, shopping centers, and housing developments in various regions of Poland. | $14 | -27% | $1B | $2B | 1.5x | 20.8x | ||
| Jastrzebska Spolka Weglowa SA is a coal producer based in Poland and one of the European Union's producers. The company predominantly produces hard coking coal which is an essential component in the production of steel, and in its coking plants, the company processes approximately half of the coking coal it produces. Additionally, the company is engaged in natural gas mining and generation, transmission and distribution of electricity. The company’s products are sold domestically as well as to Germany, Austria, the Czech Republic, Slovakia, Romania and Hungary. | $8 | +37% | $985M | $1B | 0.5x | (0.8x) | ||
| Warsaw Stock Exchange is a securities exchange based in Poland whose core activities include organizing exchange trading in financial instruments and activities related to such trading. The group also pursues activities in education, promotion, and information concerning the capital market. The company has traditionally generated listed interest from both local and regional European companies but primarily from small and medium-sized Polish companies. In addition to stock and bond offerings, the exchange also offers trading in debt instruments, derivatives, commodities, and structured products. Sales revenue is classified according to three main business segments: financial market, commodity market, and other. | $23 | +64% | $960M | $855M | 5.6x | 11.0x | ||
| Neuca SA is a wholesale distributor of pharmaceuticals in Poland. The company's segment includes Pharmacy wholesale; Manufacture of pharmaceuticals; Outpatient medical care clinics; Clinical trials and Insurance activities. It generates maximum revenue from the Pharmacy wholesale segment. | $196 | +3% | $881M | $973M | 0.3x | 9.0x | ||
| Archicom SA is a Poland based company engaged in the development of residential and office buildings. The company's investments include Olimpia port, Fourth Dimension, River Point and Four seasons among others. | $15 | +21% | $861M | $1B | 4.1x | 23.1x | ||
| Asseco South Eastern Europe SA along with its subsidiaries provides implementation, integration and outsourcing services. It conducts business operations in the markets of Poland, South Eastern Europe, and Turkey. Its business is divided into three operating segments. Banking Solutions segment deals with integrated banking systems based on the Oracle and Microsoft platforms, including primarily core banking systems. Payment Solutions is engaged in the sale and maintenance of ATMs and POS terminals (point of sale) as well as in the provision of related support services. Systems Integration segment is engaged in the development of customized IT systems, integration of third-party software and elements of infrastructure, as well as in the sale and installation of hardware solutions. | $17 | -14% | $857M | $817M | 1.6x | 8.1x | ||
| Grupa Pracuj SA is engaged in offering digital recruitment services. The company is an owner of brands contributing to a digital ecosystem addressed to the HR world. It segment includes Poland; Ukraine and Germany. The company derives a majority of revenue from Poland segment. | $12 | -36% | $833M | $842M | 3.8x | 8.4x | ||
| Auto Partner SA is a Poland based automotive spare parts distributor. The company offers Suspension and steering systems, Brake system, Motorcycle assortment, Workshop equipment, Timing gear and Cooling system, air-conditioning among others. | $6 | +18% | $829M | $954M | 0.8x | 10.2x | ||
| Asseco Business Solutions SA serves as a Competence Centre accountable for the development of ERP software, mobile reporting systems (SFA), factoring systems and software for SMEs. Its offering also includes the provision, adaptation, and configuration of business applications for enterprises, design, and construction of infrastructure at the client or in the outsourcing model, providing equipment and system software of renowned partners, training for client's personnel, service and remote support for users. The company generates most of its revenue from its ERP Systems segment mainly in Poland. | $23 | -1% | $771M | $759M | 5.8x | 14.8x | ||
| Cyber Folks SA Formerly R22 SA is a technology company. The company focuses on scalable services offered in the subscription model and SaaS, operates within the entire value chain - from creating its own solutions, through their maintenance from the technological side, to sales and customer service. It offers hosting services and domain sales, omnichannel communication services automating electronic communication with recipients and telecommunications services. | $50 | +7% | $758M | $858M | 3.7x | 11.3x | ||
| Vercom SA is engaged in providing cloud communication platforms that enable companies to build and develop relationships with recipients through multiple channels: communication: email, SMS, push, instant messaging. | $34 | +11% | $753M | $746M | 5.8x | 20.7x | ||
| Grupa Niewiadow PGMS A is engaged in the field of advanced security and military technologies. It develops and manufactures robots for shooting training, which are used daily by the Polish Border Guard, Police, State Protection Service, Prison Service, and the GROM special forces unit, among others. | $5 | +61% | $726M | $721M | 37.5x | 580.3x | ||
| ATAL SA is a residential property development company in Poland. It is engaged in the construction and sale of apartments in multi-family buildings. It also constructs single-family houses. | $17 | -1% | $725M | $1B | 3.3x | 13.5x | ||
| MLP Group SA is a Poland based company engaged in the construction and management of modern warehouse and manufacturing centers. The company's offerings include MLP Bierun, MLP Bucharest West, MLP Czeladz, MLP Gliwice, MLP Lublin, and MLP Poznan among others. | $28 | +23% | $679M | $1B | 12.9x | 7.5x | ||
| Synektik SA is a supplier of innovative products, services and IT solutions for diagnostic imaging and nuclear medicine. It sells medical devices and IT solutions used in radiology and operates research laboratory for diagnostic imaging systems and a service centre for medical equipment. Its operating segments include the sale of medical equipment used in radiology and nuclear medicine and IT solutions, Maintenance services for medical equipment as well as acceptance and specialist tests and Radiopharmaceutical production. | $78 | +33% | $665M | $629M | 2.9x | 11.8x | ||
| Amrest Holdings SE operates restaurants under several brand names, both owned and franchised, in Poland, Spain, the Czech Republic, and several other countries. In the Quick Service category, it operates KFC and Burger King; the Fast Casual Restaurants category is represented by Pizza Hut Delivery and Express, Bacoa and Sushi Shop; the Casual Dining category, is represented by La Tagliatella, Blue Frog, and Pizza Hut Dine-in and the Coffee category is by Starbucks. The company's operating segments include; Central and Eastern Europe which generates key revenue, Western Europe, China, and Others. | $3 | -32% | $646M | $2B | 0.8x | 5.0x | ||
| Mennica Polska SA is a metal processing company in Poland. It is one of the country's leading producers and distributors of mint and engraving/medal products. The activities of the company are focused on four markets, namely mint products, precious metals processing, ICT services and property development. Mennica's core activity is the production of coins in circulation in Poland. Additionally, it also produces badges, medals, and token coins. In its precious metals segment, the company manufactures catalytic gauzes, paints, equipment for glass furnaces, rolled and drawn precious metal products. The Electronic payment segment deals with the operation of card systems, the sale of public transport tickets and other payment systems. | $12 | +70% | $623M | $653M | 1.3x | 4.1x | ||
| Globalworth Real Estate Investments Ltd is a real estate investment company. The Company whose principal business activities is that it acquires, develops and manages commercial real estate assets, in the office sector. The company's operating segment includes Office; High street mixed-use; Residential investment properties and Other. It generates maximum revenue from the Office segment. Geographically, it derives a majority of revenue from Poland. | $2 | -27% | $610M | $2B | 25.7x | — | ||
| Grupa Azoty SA is a holding company, which through its subsidiaries, produces and sells chemicals, plastics, fertilizers, titanium, and extracts sulfur products. The firm organizes itself into five segments based on the product type. The Agro fertilizer segment, which generates the majority of revenue, sells fertilizers and agrochemicals. The Plastics segment sells a variety of plastic products to the automotive, construction, food, and textile industries. The Energy segment produces and sells electricity. The Chemicals segment sells oxo alcohols and other chemicals and its other segment comprises activities such as laboratory services, property rental, and other activities. | $6 | -6% | $601M | $3B | 0.7x | 46.5x | ||
| Polimex - Mostostal SA is a Poland based engineering and construction company. It provides services in the industrial construction sector including the general contractor's basis for the chemical, refinery and petrochemical industries, power engineering, and environmental protection, among others. Its offerings include production plants, logistics centers, commercial centers, and warehouses. | $2 | +62% | $584M | $408M | 0.5x | (4.3x) | ||
| Echo Investment SA is a Polish development company that builds projects in the office, retail, and residential sectors. The company divides its revenue-generating businesses into four categories: residential, shopping centers, office buildings, and others. The residential segment handles the rental and sale of properties. In the other segment, accounting, leasing, and development services for external clients generate revenue. The residential and retail segments are responsible for generating the largest portions of revenue. A majority of the company's revenue is earned in Poland. | $1 | +11% | $578M | $1B | 2.4x | 16.3x | ||
| AB Spolka Akcyjna is a Poland-based company that operates as a distributor of IT and consumer electronics. The company distributes consumer electronics and equipment connected with mobile telephony, expands its portfolio of products. The group also trades in household appliances, toys, telephone products, and digital terrestrial televisions; and provides cloud computing solutions and other services, and logistics services. In addition, it manufactures personal computers; and engages in retail trade activities. Geographically its business presence can be seen in the region of Poland, the Czech Republic, and Slovakia. | $35 | +32% | $556M | $600M | 0.1x | 7.6x | ||
| Rainbow Tours SA is a Poland-based tour operator which provides a range of tour options, including city tours, long-distance airplane trips, package holidays, last minute and last second trips, to various destinations worldwide. The company also offers online flight ticket reservation services. | $37 | -11% | $538M | $465M | 0.4x | 4.5x | ||
| Creotech Instruments SA is a provider of advanced space technologies, specialized electronics, and hardware with global applications in areas such as quantum computers, quantum cryptography, quantum physics, and high energy physics laboratories. Its five primary business segments are: NewSpace dedicated to developing a satellite platform and its components; Earth Observation dedicated to developing Earth Observation systems and UAV technology (Unmanned Aerial Vehicle); Science dedicated to developing specialized electronics and components for quantum computers and time synchronization systems; Production dedicated to the manufacture of electronics; ESA Projects dedicated chiefly to projects carried in partnership with or/and commissioned by the European Space Agency (ESA). | $186 | +134% | $532M | $502M | 12.7x | 44.3x | ||
| Grenevia SA is a manufacturer of mining machinery and equipment. Its portfolio includes consultancy, design, production, and supply of machinery and equipment. In addition to the production and delivery of equipment, the group provides a range of services including assembly of machines and devices and user training in the field of their operation. Geographically activities are carried out through Poland. | $1 | +15% | $516M | $405M | 0.6x | 2.1x | ||
| Trakcja SA is a Poland based company, engages in the infrastructure and energy construction sector. The company's operating segments include Civil engineering, Construction, engineering and concession arrangements, and Others. The civil engineering segment performs civil engineering, construction, and assembly works. It generates maximum revenue from the Civil engineering segment. Geographically, it derives a majority of revenue from Poland. Its activities include design, construction, and modernization of railway and tramway lines, red of railway and tramway electric traction and electro energy lines as well as the construction of bridges, viaducts, overpass culverts, tunnels, and others. | $1 | +83% | $512M | $480M | 0.8x | 17.9x | ||
| Sygnity SA is an IT consulting company. The company serves banking; capital markets; energy; utility; retail and other industries. It generates revenue from Licences and software; Implementation services and Maintenance services. | $21 | -20% | $485M | $436M | 4.5x | 15.0x | ||
| Wirtualna Polska Holding SA is a holding company based in Poland. It owns and runs internet portals. Its core operations comprise the sale of advertising services on the Internet and operating Internet portals such as . o2, Pudelek, Money.pl, domodi.pl, wakacje.pl, nocowanie.pl, Extradom.pl, totalmoney.pl as well as providing electronic services. Its segment include: Advertising and Subscriptions, Tourism and Consumer finance. | $16 | -31% | $476M | $879M | 1.4x | 6.2x | ||
| Torpol SA offers comprehensive services in the construction and modernization of railway stations, tracks and lines and involving the implementation of the track, construction of the overhead catenary system and power supply. | $20 | +91% | $448M | $285M | 0.5x | 7.9x | ||
| PlayWay SA is a producer and publisher of computer and mobile games in Poland. The company provides with various games including Out of Reach: Treasure Royale, Car Manufacture, Schizm 3: Nemezis And Split among others. | $66 | -26% | $436M | $382M | 4.6x | 6.0x | ||
| Globe Trade Centre SA is a real estate investor and developer that focuses its business in Poland and several capital cities in Eastern Europe. The group operates in Poland, Belgrade, Hungary, Bucharest, Zagreb, and Sofia. The group manages a real estate portfolio that includes commercial buildings in the form of offices and retail space. The commercial property portfolio is actively managed by the group. In terms of geographic location, almost half of the company's revenue comes from Poland and the remaining is made up of other geographic areas. | $1 | -33% | $426M | $2B | 10.6x | 19.0x | ||
| MCI Capital ASI SA is engaged in the administration of investment funds. The company conducts direct investment activities of the private equity and venture capital funds. It invests in several companies ranging from buyout and growth investments, start-ups and small technology companies, debt instruments, and property. The company specializes in digital transformation processes, investing in pure online models, companies transferring the business model from traditional to digital economy, and companies operating on the Internet infrastructure development market. | PE & VC+1 | $7 | +11% | $388M | $482M | 37.7x | 53.1x | |
| PCC Rokita SA is engaged in manufacturing chemicals. Its products include Polyols, Chloralkali, Chlorobenzene, Phosphorus derivatives, and Naphthalene derivatives. It serves adhesives, agrochemicals, building and construction, case, detergents, fire prevention, food and fuel industry, furniture, I&I cleaning, lubricants and functional fluids, metallurgical, mining and drilling, oilfield, paints and coatings, personal care, pharmaceuticals, plastics, power, printing ink, pulp and paper, raw materials and intermediates, refrigeration and household appliances, sports and recreation, tanning and textile, transportation, and water and wastewater treatment industries. | $19 | -2% | $387M | $504M | 1.0x | 7.2x | ||
| Lubawa SA is engaged in manufacturing and selling army, police, municipal police, border patrol, fire brigade, and special force products in Poland. It provides products for individual protection, such as helmets, bulletproof vests, modular externals, rescue masks, special and protective clothing among others. | $3 | +6% | $376M | $323M | 2.3x | 8.6x | ||
| Tarczynski SA is a producer of meat products. It offers cold meat, smoked meat, fillet cold meat, thick and thin sausages, jars, poultry cold cuts, gryzzale poultry products, maturing meat, turkey meat and extra dry sausages, roasted chicken, dry and semi-dry sausages. | $33 | -9% | $369M | $611M | 1.1x | 9.0x | ||
| Unimot SA is an independent importer of liquid and gas fuels, offering a range that includes diesel oil, liquefied petroleum gas (LPG), natural gas (LNG, CNG), biofuels (B100), electricity, bitumen products, as well as aviation and marine fuels. It leases an LPG terminal in Wilhelmshaven, Germany, to import diesel fuel using the tankers arriving in Europe from sources other than Russia. The fuel and energy offer of the Group comprises both wholesale sales of fuels to business customers and retail sales of propane-butane, natural gas, and electricity. | $44 | +7% | $358M | $610M | 0.1x | 8.2x | ||
| Mo-BRUK SA is a Poland based company engaged in providing waste management services. It collects, recovers and disposes of hazardous and non-hazardous waste. It also engaged in the construction of roads and runways among others. | $99 | +36% | $348M | $371M | 4.8x | 11.5x | ||
| VRG SA is a Poland-based holding that specializes in the design, manufacture, and distribution of men's clothing and accessories. The company's operating segment includes Apparel and Jewellery. It generates maximum revenue from the Apparel segment. Geographically, it derives a majority of revenue from Poland. The company's brands include Vistula, Vistula Red, Lantier, Vesari, Wolczanka, Lambert, and other brand names. | $1 | +40% | $339M | $418M | 1.0x | 5.4x | ||
| Stalprodukt SA is a Poland-based company that is primarily engaged in manufacturing and marketing of steel products. The company operates through three segments. Its electrical sheets segment manufactures electrical sheets, strips, and toroidal cores. Its profiles segment produces cold formed profiles, road safety barriers and others. Its zinc segment manufactures zinc and zinc alloys, lead, flotation galena, and others. The company owns a proprietary distribution network of metallurgical products, which consists of wholesale warehouses and offices in several cities in the territory of Poland. The company sells its products both in the home market and abroad. | $66 | -3% | $338M | $124M | 0.1x | 3.0x | ||
| Mirbud SA is a construction company. The company acts as a general contractor or a general investment contractor on the construction market in Poland. The scope of construction and assembly services offered to clients includes such sectors as housing buildings, public utility buildings, commercial facilities & engineering and road construction works. | $3 | -22% | $334M | $434M | 0.5x | 7.7x | ||
| Comp SA is a Turkey-based technological company specializing in IT security, network security, and retail solutions. The services provided by the company include corporate and network security, design, and implementation of complex ICT systems, market sectors, authorized servicing and maintenance services of computer hardware. | $16 | +25% | $324M | $355M | 1.4x | 10.8x | ||
| Firma Oponiarska Debica SA is a Poland-based company manufactures tires for cars, trucks, tractors, bicycles, and motorcycles. It offers a wide range of consumer and commercial tires under the brand names Debica, Goodyear, Dunlop, Fulda, and Sava, as well as under private labels. Group's products are exported to markets of Germany, Slovenia, France, Italy, Romania, Turkey, Spain and the United Kingdom (UK) and Russia. | $23 | +4% | $322M | $151M | 0.2x | 2.0x | ||
| Kogeneracja SA through its subsidiaries is engaged in the production of electricity and heating. The products and services of the company include District heating, New-generation network heat, Electricity, and Energy Services. Its production plants include Elektrocieplownia Wroclaw, Elektrocieplownia Czechnica and Elektrocieplownia Zawidawie. | $21 | +16% | $316M | $426M | 0.6x | 2.6x | ||
| Celon Pharma SA is a Poland based company engages in the research of therapeutic solutions and development, production, distribution, and marketing of specialized generic products. It invests in the development of innovative pharmaceuticals with potential applications in the treatment of cancer, neurological diseases, diabetes and other metabolic disorders. Its products portfolio comprises pills, such as Aromek, Bosentan Celon, Donepex, Ketrel, Lazivir, and Valzek, as well as inhalation powder. | $6 | -2% | $315M | $319M | 6.6x | 77.5x | ||
| Shoper SA is a leader on the Polish market of software vendors for e-commerce in the SaaS model. It enables entrepreneurs to conveniently, quickly and easily set up own online store and conduct sales in the online channel. The comprehensive offer of the company consists of the Shoper platform available as a subscription, allowing for flexible adaptation to the needs of a given client, and a number of services sold in the pay-as-you-grow model, directly correlated with the number of orders or turnover generated through stores on the platform. | $11 | -22% | $310M | $303M | 5.1x | 14.2x | ||
| Fabryka Farb I Lakierow Sniezka SA is engaged in manufacturing and selling chemical products, paints, varnishes, adhesives, solvents, and fillers in Poland. It also manufactures powder paints. | $24 | +1% | $302M | $339M | 1.6x | 8.5x | ||
| Cognor Holding SA operates in the steel industry. Along with its subsidiaries, the company is engaged in the business of scrap collection, scrap processing into steel billets, and steel products. Its product portfolio comprises metal bars, steel scrap, steel slabs, flat plates, round bars, and steel alloys, among others. The group operates in the following business segments: Zlomrex Metal (ZLMET), HSJ, Ferrostal (FER), OMS, JAP, and Others. The majority of its revenue is generated from the Ferrostal (FER) segment, which is involved in the production and sale of semi-finished steel products (raw steel) and final steel products to external customers. Geographically, the group generates maximum revenue from Poland, followed by Germany, Czechia, and other countries. | $1 | -36% | $300M | $504M | 0.9x | (52.5x) | ||
| Text SA is a Poland-based company offering services in the SaaS (Software as a Service) model supporting sales and customer service. The company provides better customer service at scale by analyzing, enriching, and automating text communication. It has developed LiveChat, a tool used for direct communication between the website visitor and its owner. For the end user, it has the form of a chat window placed on the website, ChatBot, an all-in-one platform to build and launch conversational chatbots without coding; HelpDesk that supports customers with tickets; KnowledgeBase and OpenWidget. | $11 | -21% | $294M | $280M | 2.9x | 5.0x | ||
| Selena FM SA is a Poland-based company engaged in the construction materials sector. The core business of the group includes the production, distribution, and sale of construction chemicals, building materials for doors and windows, and general building accessories. Its products include polyurethane foams, adhesives, sealants, building insulation systems, flooring systems, interior wall systems, ceramic tile systems, construction mortars, waterproofing materials, and other products primarily under Tytan, Quilosa, Artelit, Cool-R, and Matizol brand names. The company's geographical segments include European Union; Eastern Europe and Asia, and North and South America. It derives a majority of its revenue from the European Union. | $13 | +31% | $291M | $339M | 0.7x | 6.9x | ||
| Voxel SA is a network of diagnostic imaging laboratories created for patients and to increase access to high-quality tests. The company operates diagnostic imaging centers and laboratories and provides several services such as magnetic resonance imaging, computed tomography and positron emission tomography. It has 33 specialised laboratories in 21 cities throughout Poland. | $27 | -38% | $282M | $329M | 2.1x | 6.3x | ||
| Wawel SA manufactures and sells chocolate and other confectionery products under the Wawel brand. The chocolate sales account majorly to the company’s total revenue. Its products are filled chocolate, chocolate-coated candies, hard candies, stuffed jellies, candies, milk fudge, tofflairs, mint tablets, filled caramels, and others. The company sells its products to retail and discount chains in Poland. It also exports its products to other countries. | $216 | +25% | $279M | $220M | 1.1x | 6.0x | ||
| Boryszew SA is a largest industrial group in Poland. It is primarily engaged in the production of components for cars, processing of non-ferrous metals and industrial chemistry. The products offered by the company includes aluminum wires and wire rods, sheets and strips, copper pipes, tubes, alloy rods, plastic and metal car components, lubricants, pyrotechnic products and others. Geographically, it operates through approximately 30 production plants and R & D centers located in Europe, Asia, and the Americas. | $1 | -24% | $268M | $523M | 0.4x | 5.7x | ||
| Grupa Azoty Zaklady Chemiczne Police SA is a Poland based company operating in the chemical industry. Its core business activities include manufacturing and sale of fertilizers, pigments, chemicals, plastics, sulfur, among others. Its product portfolio includes nitrogenous fertilizers, nitrogen fertilizers with sulfur, compound fertilizers, polyethylene tubes, plasticizers, alcohols, catalysts, organic chemicals, inorganic chemicals, liquid sulfur, insoluble sulfur, sulfur pastilles, among others. | $2 | -12% | $266M | $474M | 0.7x | 11.6x | ||
| Bank Ochrony Srodowiska SA is engaged in providing banking and financial services. The company offers a range of services to individuals, corporate clients, and local government units. The company operates through Institutional Clients; Retail Clients; Treasury and Investment Activity; and Other segments. | $3 | +1% | $263M | $561M | 1.9x | — | ||
| Ze Pak SA is a holding company that engages in energy production, transmission, and distribution. It produces electricity from conventional sources and combustion and co-combustion of biomass, extracts lignite, and also provides construction and renovation services. The group has four operating segments:Â The Generation segment covers the production of electricity both from conventional sources (including cogeneration) and from biomass by combustion and co-combustion of biomass. The Mining Segment covers the extraction of lignite. The Renovation Segment performs services within the scope of construction and renovation services. The Sales Segment performs services for the sale of electricity. The majority of the revenue is from the Generation segment. | $5 | -25% | $261M | $304M | 0.5x | 3.9x | ||
| Oponeo pl SA sells tires and wheels through the internet and stores. The company's activity is based on their own IT solutions, which include, inter alia, a centralized system of ControlCenter. | $23 | -7% | $259M | $279M | 0.5x | 6.7x | ||
| Enter Air SA is a polish charter airline. The Company has six permanent operational bases in Europe. | $14 | -12% | $250M | $747M | 0.9x | 5.5x | ||
| Grupa Azoty Zaklady Azotowe Pulawy SA is a manufacturer and supplier of mineral fertilizers, basic chemicals and also involved in the procurement of raw materials and consumables. The company's segment includes Agro; Plastics; Energy and Other Activities. It generates maximum revenue from the Agro segment. The Agro Segment comprises the manufacturing of ammonia and products derived from the processing of ammonia, in particular urea and its solutions, including urea-ammonium nitrate solution, melamine, nitric acid, ammonium nitrate, technical gases, hydrogen peroxide, as well as phosphorus, potassium and blended fertilizers. | $13 | -8% | $250M | $239M | 0.3x | 16.5x | ||
| LW Bogdanka SA is a Poland-based producer of hard coal. Its core business is the production and sale of coal, which is used in the generation of electric and thermal energy as well as in cement production. The company's key customers are cement plants, power stations, thermal power stations, and fertilizer producing plants, based in North-East Poland. The Bogdanka mine is located in the Central Coal District, which is situated in Lubelskie Coal Basin. The company operates one subsidiary, Leczynska Energetyka Sp. z o.o., and it holds roughly a one-fourth stake in Kolejowe Zaklady Maszyn KOLZAM SA. | $7 | +10% | $244M | $73M | 0.1x | 0.5x | ||
| Datawalk SA is a high-tech company, develops DataWalk analytical platform which allows combining large data volumes in dispersed sets. The DataWalk platform is used in the financial and insurance sector, among others for detecting frauds, counteracting money laundering or analyzing and monitoring business processes. | $35 | +31% | $227M | $211M | 20.3x | (11.3x) | ||
| Dadelo SA is engaged in sale of bicycles, accessories, and bicycle parts via the Internet. Its distribution is carried out via the platforms CentrumRowerowe.pl and Dadelo.pl. The company's products include bicycles, accessories, parts, clothing and footwear. | $19 | +108% | $223M | $230M | 1.9x | 25.6x | ||
| Przedsiebiorstwo Handlowe Best SA is a Poland based company engaged in the business of debt collection. It provides debt collection services for third parties, including banks, borrowing companies, telecommunication operators, power companies, and other mass service providers. | $8 | +8% | $223M | $619M | 4.6x | 21.8x | ||
| Digital Network SA consists in selling advertising time through digital outdoor advertising in Poland. | $53 | +135% | $219M | $269M | 8.6x | 14.1x | ||
| Median | $19 | +11% | $702M | $868M | 1.9x | 8.5x |
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