Pesa will receive billions for development. This is a historic deal

Pesa Bydgoszcz has concluded a strategic financing agreement worth up to PLN 6.8 billion with a consortium consisting of over 20 Polish and foreign financial institutions – Maciej Grześkowiak, director of strategic projects and communications at the company, announced on Thursday.

He emphasized that this is one of the largest financial undertakings in the history of the companywhich opens new development opportunities and strengthens its position on the market.

Pesa's vice-president for finance, Robert Tafiłowski, emphasized that the agreement provides financing for the implementation of the “Strategy 2030+” adopted by the company.. He noted that the work related to the preparation of the contract took about a year, and the consortium included both leading institutions that have cooperated with Pesa so far, as well as new global entities.

– This is a clear signal from the financial markets that the company's activities are positively received and inspire confidence. The conclusion of the agreement constitutes a new quality in the company's finances, secures its development needs and opens the way to further expansion. From 2024, we will double production, sales and processing, and therefore we will double production capacity, Tafiłowski told PAP.

The vice-president of Pesa noted that the investment program implemented in the company amounts to over PLN 560 million. This year, three new production halls were built, one of which has already been put into operation, and the other two will be opened at the beginning of next year. Tafiłowski added that in 2027 the company will achieve a turnover of approximately PLN 1 billion.

“After the takeover by PFR and successful restructuring, Pesa consistently implements the adopted 2030+ Strategy. Its results include good financial results, EBITDA growing year by year, and, above all, orders from Polish and foreign customers. The company has orders worth over PLN 15 billion in its portfolio. Two elements were necessary for their implementation and further market expansion – increasing production resources and refinancing operations,” emphasized Piotr Matczuk, president of the Polish Development Fund, quoted in Pesa's announcement.

The President of PFR emphasized that the investment program implemented in Pesa from 2024 will allow for doubling production capacity thanks to robotization, laser welding automation and technology modernization.

Pesa's agreement with the consortium, apart from financing long-term needs, also provides the opportunity to finance current needs. It also provides a package of guarantees for contracts in progress as well as for new contracts that will be obtained in the coming years. It will also allow us to strengthen our expansion on foreign markets, including: development of service centers, e.g. in the Czech Republic and Romania.

Pesa is a manufacturer of rolling stock and trams. It employs almost 4,000. employees in plants in Bydgoszcz and Mińsk Mazowiecki. (PAP)

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