WB Electronics is considering an IPO. “There is no time pressure”

WB Electronics is considering an initial public offering (IPO) as one of its development scenarios, but due to the fact that it has significant financial resources, it does not feel time pressure – president and significant shareholder Piotr Wojciechowski told PAP Biznes. He emphasized that a possible IPO “does not have to” take place already in 2026.

“IPO is being taken into account by shareholders as one of the scenarios and, of course, this discussion has been going on for a long time. Let us remember that we are all shareholders who want to stay in the companyi.e. we also have to look through the prism of the company's needs and the needs of individual shareholders,” Wojciechowski told PAP Biznes on the sidelines of the Corporate and Investment Banking Congress.

He emphasized that the company has significant funds, so it does not feel time pressure in this respect. When asked whether it might happen that if an IPO takes place, it does not have to take place in 2026, the president replied: “It doesn't have to.”

Wojciechowski pointed out that the WB Eletronics Group increased its revenues tenfold in three years.

“We haven't said the last word yet,” said the president.

He pointed out that the group's potential is built on three pillars of its activities.

“We are a large integrator. We provide complete system solutions for our customers, but we also have very strong cooperation in many programswhere the integrator is PGZ or other entities. We also have large exports. We have these 'three legs' – i.e. direct deliveries as an integrator, large foreign exports and cooperative activities in cooperation with our partners – which build a very large potential. And everyone in this area, including product, is currently developing dynamically,” said Wojciechowski.

Piotr Wojciechowski owns 45.49 percent of the company's shares, Vice-President Adam Bartosiewicz – 28.07 percent, and the remaining 26.44 percent belongs to PFR Fundusz Inwestycyjny Fundusz Inwestycyjny Zamkcyjne Usługów Niepublicznych.

The press office of the Polish Development Fund (PFR) reported – quoted by Thursday's “Parkiet” – that the Fund does not plan to completely exit the company, which remains for it “an asset of strategic importance with significant potential for further growth.” It emphasized that a possible listing of WB Electronics would be a joint decision of the shareholders, and from PFR's perspective, such a direction “should be considered worth considering.”

“Parkiet” also reported on Thursday, citing unofficial information from the market, that WB Electronics has recently been holding regular meetings with investment companies and law firms that could possibly participate in the IPO process. According to the newspaper, in an optimistic scenario, assuming further development of the company and new contracts, the company's valuation could reach “high” several billion zlotys, even over PLN 20 billion.

WB Group is the largest Polish manufacturer offering communication and command technologies and advanced solutions for the armed forces. Its revenues in 2024 increased to PLN 2,958.5 million from PLN 1,432.6 million a year earlier.

Tomasz Oljasz (PAP Biznes)

volume/ gor/