Canal+ Polska, the Polish pay-TV provider, has announced its intention to undertake an initial public offering.
Canal+ Polska intends to apply for listing and admission of the Company’s ordinary shares on the main market of the Warsaw Stock Exchange.
Edyta Sadowska, President and CEO of Canal+ Polska, said: “I am pleased to announce our intention to float on the Warsaw Stock Exchange, offering international and Polish investors the opportunity to invest in Canal+ Polska, the first choice for premium entertainment in Poland. As the Polish economy continues to expand and the demand for entertainment among Polish households rises, we expect to see an increasing desire for premium pay-TV services, which we are exceptionally well positioned to deliver thanks to our unmatched premium content offering and customer experience. The recent launch of our own OTT offering in May 2020 provides an exciting growth avenue for Canal+ Polska, allowing us to reach new audiences and enhance our offering to our loyal customers.
“We believe Canal+ Polska can offer investors both strong cash flows and an attractive growth story, evidenced by our revenue growth of 3.3 per cent CAGR between 2017 and 2019 and cash conversion of 60.3 per cent in 2019. In our financial results for the first half of this year organic revenue grew by 2.8 per cent year-over-year, demonstrating the resiliency of our model and our key role in the entertainment choices of our subscribers. We look forward to sharing the next phase of our journey with public shareholders,” Sadowska added.