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Analysis: Comparison of the producers and distributors of (e-)tools Polish Toya S.A. (Market cap: EUR 180.4m) and German Einhell AG (EUR 369m) 

History & current business Toya, which is based in Wroclaw/Poland, has been present on the market since 1990, when its predecessor Toya Import-Eksport S.C. was founded. In 2001, Toya was transformed into a joint-stock company and opened a distribution & logistics center in Wroclaw (Southern Poland). In 2003, it introduced the own brands YATO (hand […]

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Analysis: Dadelo S.A. (Market Cap: EUR 149.5m) vs. BIKE24 Holding AG (EUR 128m) – E-Commerce on Two Wheels: Evaluating Europe’s Top Bicycle Distributors

This blog post is the latest chapter in our ongoing series analyzing Polish companies alongside their listed German counterparts. Today, we take a closer look at two leading e-commerce players specializing in the distribution of bicycles and related accessories. History & current business Dadelo was established in 2016 and became part of the Oponeo.pl S.A. […]

XTPL S.A. (XTP PW, Market cap PLN 311m/EUR 72.8m) – The first industrial implementation marks a very important milestone in the company’s development

Current trading On January 3rd, XTPL announced its long-awaited first industrial implementation with a multi-billion USD Chinese partner from the display sector. While the initial order for six printing modules (UPDS) is relatively small, the potential of the deal is significant (several dozen printing modules in 2025E alone, along with corresponding service revenues and substantial […]

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What does Trump’s win mean for Europe and CEE in particular?

On November 5, the scenario many Western European politicians had feared became a reality: Donald Trump won the U.S. presidential election by a significant margin, securing 312 electoral votes to Kamala Harris’s 226. If Trump follows through on the promises he made during his campaign — and based on his actions during his first four […]

CCC S.A. (Market cap: PLN 6.06bn/EUR 1.41bn) – The revitalization of the Polish footwear powerhouse

Business description CCC S.A. was formally established in 1999 and has been listed on the Warsaw Stock Exchange since 2004. With over 15,000 employees and operations in 23 countries, 90 e-commerce platforms, and 979 physical stores, the company is the leading footwear retailer in Central and Eastern Europe. Since its debut on the WSE, CCC […]

Update: XTPL S.A. (Market cap PLN 341m / EUR 78m)

Progress in 2023 & results  2023 has been a very successful year for XTPL. The company signed various new distribution agreements (e.g. with Detekt Technology for Taiwan, with CWI Technical Sales & Ontos Equipment System INC for North America) and received new patents (e.g. in Malaysia, US, Germany, China, Vietnam). While the number of Delta […]