Bloomberg Intelligence analysts have selected 50 companies to watch “closely” in the coming year. The selection combined “conflicting views and change drivers, such as new management, the sale or acquisition of assets, and product and service plans,” the material said.
“In compiling the list, Bloomberg Intelligence also focused on the potential impacts of changes in U.S. customs policy, the race to block supplies of key resources and the transformative impact of artificial intelligence,” analyst Tim Craighead said.
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In this context, it may seem strange that among companies such as Boeing, Reddit, Air France-KLM and Nike, there is a Polish retail chain with a Polish owner.
It's about Dino Polskawhich has been catching up with Biedronka for several years. In September, the difference in the number of stores between the two chains dropped to 896. At the end of last year. exceeded one thousand, and at the end of 2017 – two thousand.
What do Bloomberg analysts value so much about the Polish retail network and what do they consider promising enough for the future? “The Polish supermarket chain continues to face competitive challenges and high increases in salary costs, which will increase the negative impact on operating profit,” notes analyst Evgeniy Batcharov.
He points out that Dino does not plan to expand outside the country, but only in Poland, where the German chains Aldi and Lidl are rapidly expanding. “This puts the company at risk of a prolonged price war and increases the pressure to increase promotional spending,” the analyst added.
So much for the threats, but Dino was selected for careful observation among only 50 companies in the world. As predicted by the analyst Dino's dollar revenues will increase by 18%. this yearand next year they will amount to USD 11 billion. In the three quarters of 2025, Dino Polska achieved revenues of PLN 24.7 billion, i.e. by 15 percent higher year on year.
During the 12 months ending in September, the network's turnover amounted to PLN 32.5 billion. Converted into dollars at the current NBP exchange rate, this amounts to USD 9.1 billion.
Dino shares have grown by only 4.6% this year. and perhaps that is why they attracted attention. This is the second worst result in WIG20 after CCC.
Why does Poland attract attention?
How did it happen that a company from Poland found recognition among American analysts? First of all, this year we are one of the fastest growing stock markets in the world. WIG20 has already gained 41.2%. and in terms of growth dynamics, the Warsaw Stock Exchange is only ahead of the South Korean KOSPI (+66.5%), the Israeli TA 35 (+52%), the Spanish IBEX 35 (+47%) and the Vietnamese VN 30 (+42%).
In the international MSCI dollar indices, Colombia, Bulgaria and Greece are still ahead of us. But with a dollar increase of 72.3%. we can still make an impression. Greece grew by 81.8%, Bulgaria by 84.6% and Colombia by 107.8%.
And why is the Polish stock exchange growing at all? It is not about some extraordinary potential increase in company profits and dividend payments. The strengthening of the zloty is more important. In this way, Polish assets become more attractive to foreign investors, because even if the share price does not change, they will probably benefit from the change in exchange rates.
The strong zloty is due to two factors. The first are money flowing to Poland from the EU under the KPO. The second is accurate NBP policy of investing reserve funds. Our central bank has been investing significant resources in gold in recent years. Gold has increased significantly this year and broken new records, which only strengthens the perception of our currency.
