Echo Investment S.A.
ISIN: PLECHPS00019 | Ticker: ECH | LEI: 259400LHRL5AUI6F1F70
Country: Poland
Everything starts with you: how you live, how you like to work, how you take care of everyday matters and how you rest. With this assumption we create places that provide a sense of independence, convenience and security. We respect the urban space and we pay close attention to its history and tradition.
We are the largest Polish developer with extensive experience in the three main sectors of the real estate market: residential, retail and service as well as offices. As a company which is jointly responsible for the development of cities, we get involved in building large, city-forming projects that are in line with the city fibre and complement it. Our flagship project is Browary Warszawskie, which is under construction in the heart of the fastest growing district of Warsaw. We run and prepare further city-forming projects in Warsaw, Kraków, Łódź and Wrocław. Each of them is a wisely and responsibly designed fragment of the city.
Al. Solidarności 36, 25-323 Kielce – Poland
| Line item in (pln) | 01.01.2019 | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|---|
| Assets | 3,891,909,000.00 | 4,810,429,000.00 | 5,630,796,000.00 | 6,434,880,000.00 | 6,087,012,000.00 |
| Noncurrent Assets | 2,268,432,000.00 | 2,913,259,000.00 | 2,765,043,000.00 | 2,518,450,000.00 | 2,661,932,000.00 |
| Property Plant And Equipment | 8,938,000.00 | 25,762,000.00 | 27,872,000.00 | 64,261,000.00 | 60,409,000.00 |
| Investment Property Completed | 988,903,000.00 | 941,983,000.00 | 1,388,972,000.00 | 843,576,000.00 | 1,094,638,000.00 |
| Investment Property Under Construction Or Development | 872,509,000.00 | 1,517,866,000.00 | 780,621,000.00 | 741,663,000.00 | 486,625,000.00 |
| Intangible Assets Other Than Goodwill | 2,468,000.00 | 3,741,000.00 | 3,459,000.00 | 70,529,000.00 | 71,752,000.00 |
| Investments In Joint Ventures Accounted For Using Equity Method | 258,531,000.00 | 254,142,000.00 | 306,449,000.00 | 336,737,000.00 | 478,180,000.00 |
| Noncurrent Inventories | N/A | N/A | N/A | 19,455,000.00 | 21,359,000.00 |
| Deferred Tax Assets | 52,493,000.00 | 53,903,000.00 | 56,476,000.00 | 74,015,000.00 | 94,494,000.00 |
| Noncurrent Financial Assets At Amortised Cost | 84,590,000.00 | 115,862,000.00 | 201,194,000.00 | 366,360,000.00 | 326,675,000.00 |
| Other Noncurrent Nonfinancial Assets | N/A | N/A | 0.00 | 1,854,000.00 | 1,549,000.00 |
| Noncurrent Derivative Financial Assets | N/A | N/A | N/A | 0.00 | 26,251,000.00 |
| Current Assets | N/A | N/A | N/A | 3,916,430,000.00 | 3,425,080,000.00 |
| Inventories | 771,836,000.00 | 1,052,327,000.00 | 925,173,000.00 | 1,602,077,000.00 | 1,592,885,000.00 |
| Trade And Other Current Receivables | 211,142,000.00 | 144,844,000.00 | 112,111,000.00 | 120,163,000.00 | 333,577,000.00 |
| Current Receivables From Taxes Other Than Income Tax | 87,177,000.00 | 59,006,000.00 | 93,050,000.00 | 64,908,000.00 | 81,762,000.00 |
| Current Tax Assets Current | 3,381,000.00 | 1,484,000.00 | 5,708,000.00 | 13,104,000.00 | 14,925,000.00 |
| Current Financial Assets At Amortised Cost | 42,190,000.00 | 64,465,000.00 | 50,761,000.00 | 41,920,000.00 | 15,327,000.00 |
| Cash and cash equivalents | 439,532,000.00 | 492,295,000.00 | 327,097,000.00 | 588,680,000.00 | 941,997,000.00 |
| Current Assets Other Than Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners | 1,609,977,000.00 | 1,874,247,000.00 | 1,596,424,000.00 | 2,534,979,000.00 | 3,069,753,000.00 |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale | 13,500,000.00 | 22,923,000.00 | 1,269,329,000.00 | 1,381,451,000.00 | 355,327,000.00 |
| Current Derivative Financial Assets | 0.00 | 2,669,000.00 | 0.00 | 18,922,000.00 | 366,000.00 |
| Shortterm Deposits Not Classified As Cash Equivalents | 54,719,000.00 | 57,157,000.00 | 82,524,000.00 | 85,205,000.00 | 88,914,000.00 |
| Equity And Liabilities | 3,891,909,000.00 | 4,810,429,000.00 | 5,630,796,000.00 | 6,434,880,000.00 | 6,087,012,000.00 |
| Equity | 1,495,459,000.00 | 1,562,243,000.00 | 1,684,559,000.00 | 1,863,537,000.00 | 1,806,312,000.00 |
| Issued Capital | 20,635,000.00 | 20,635,000.00 | 20,635,000.00 | 20,635,000.00 | 20,635,000.00 |
| Retained Earnings | 45,543,000.00 | 281,739,000.00 | 382,420,000.00 | 499,517,000.00 | 577,337,000.00 |
| Other Reserves | N/A | N/A | N/A | 1,158,524,000.00 | 1,044,798,000.00 |
| Equity Attributable To Owners Of Parent | 1,495,573,000.00 | 1,562,365,000.00 | 1,684,685,000.00 | 1,679,610,000.00 | 1,643,778,000.00 |
| Noncontrolling Interests | -114,000.00 | -122,000.00 | -126,000.00 | 183,927,000.00 | 162,534,000.00 |
| Noncurrent Liabilities | 1,405,909,000.00 | 1,970,451,000.00 | 1,939,376,000.00 | 2,078,844,000.00 | 1,962,076,000.00 |
| Noncurrent Provisions | 58,973,000.00 | 35,931,000.00 | 50,029,000.00 | 6,499,000.00 | 5,356,000.00 |
| Noncurrent Payables For Purchase Of Noncurrent Assets | N/A | N/A | 0.00 | 50,895,000.00 | 0.00 |
| Noncurrent Contract Liabilities | 57,851,000.00 | 45,754,000.00 | 14,208,000.00 | 20,447,000.00 | N/A |
| Other Noncurrent Payables | 28,089,000.00 | 16,018,000.00 | 117,722,000.00 | 97,139,000.00 | N/A |
| Deferred Tax Liabilities | 111,303,000.00 | 152,733,000.00 | 203,518,000.00 | 172,917,000.00 | 140,651,000.00 |
| Noncurrent Derivative Financial Liabilities | 0.00 | 0.00 | 0.00 | N/A | N/A |
| Other Noncurrent Liabilities | N/A | N/A | N/A | 104,422,000.00 | 68,200,000.00 |
| Longterm Borrowings | 1,149,693,000.00 | 1,602,126,000.00 | 1,465,767,000.00 | 1,626,984,000.00 | 1,609,032,000.00 |
| Current Liabilities | N/A | N/A | N/A | 2,492,499,000.00 | 2,318,624,000.00 |
| Current Provisions | 115,843,000.00 | 89,428,000.00 | 32,059,000.00 | 53,412,000.00 | 51,238,000.00 |
| Trade And Other Current Payables To Trade Suppliers | 234,623,000.00 | 238,011,000.00 | 130,249,000.00 | 186,793,000.00 | 142,867,000.00 |
| Current Payables For Purchase Of Noncurrent Assets | N/A | N/A | N/A | 0.00 | 51,478,000.00 |
| Current Contract Liabilities | 263,497,000.00 | 407,152,000.00 | 217,405,000.00 | 572,315,000.00 | 558,252,000.00 |
| Other Current Payables | 78,590,000.00 | 87,362,000.00 | 178,726,000.00 | 198,277,000.00 | N/A |
| Current Tax Liabilities Current | 8,859,000.00 | 5,035,000.00 | 1,618,000.00 | 6,318,000.00 | 31,174,000.00 |
| Current Liabilities Other Than Liabilities Included In Disposal Groups Classified As Held For Sale | 990,541,000.00 | 1,277,735,000.00 | 1,962,972,000.00 | 2,424,436,000.00 | 2,273,615,000.00 |
| Liabilities Included In Disposal Groups Classified As Held For Sale | 0.00 | 0.00 | 43,889,000.00 | 68,063,000.00 | 45,009,000.00 |
| Current Derivative Financial Liabilities | 0.00 | 0.00 | 0.00 | 1,188,000.00 | 0.00 |
| Current Dividend Payables | 0.00 | 0.00 | 0.00 | 0.00 | 90,792,000.00 |
| Other Current Liabilities | N/A | N/A | N/A | 216,701,000.00 | 293,775,000.00 |
| Line item in (pln) | 01.01.2019/ 01.01.2020 |
01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|---|---|
| Revenue | 880,133,000.00 | 1,212,854,000.00 | 1,532,665,000.00 | 1,394,306,000.00 |
| Other Income | 22,516,000.00 | 10,383,000.00 | 57,326,000.00 | 18,323,000.00 |
| Profit Loss From Operating Activities | 450,153,000.00 | 338,167,000.00 | 309,309,000.00 | 275,403,000.00 |
| Finance Income | N/A | N/A | 40,704,000.00 | 50,496,000.00 |
| Finance Costs | N/A | N/A | 119,695,000.00 | 154,699,000.00 |
| Profit Loss Before Tax | 398,188,000.00 | 176,612,000.00 | 261,892,000.00 | 219,001,000.00 |
| Income Tax Expense Continuing Operations | 98,664,000.00 | 54,523,000.00 | 56,461,000.00 | 62,455,000.00 |
| Profit (loss) | 299,524,000.00 | 122,089,000.00 | 205,431,000.00 | 156,546,000.00 |
| Profit Loss Attributable To Owners Of Parent | 299,532,000.00 | 122,093,000.00 | 188,922,000.00 | 127,150,000.00 |
| Profit Loss Attributable To Noncontrolling Interests | -8,000.00 | -4,000.00 | 16,509,000.00 | 29,396,000.00 |
| Line item in (pln) | 01.01.2019 | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|---|
| Profit (loss) | N/A | 299,524,000.00 | 122,089,000.00 | 205,431,000.00 | 156,546,000.00 |
| Adjustments For Decrease Increase In Inventories | N/A | -161,720,000.00 | 69,967,000.00 | -106,064,000.00 | -48,419,000.00 |
| Adjustments For Depreciation And Amortisation Expense | N/A | 9,472,000.00 | 11,738,000.00 | 12,528,000.00 | 15,298,000.00 |
| Adjustments For Provisions | N/A | 15,368,000.00 | -43,271,000.00 | 5,040,000.00 | 57,823,000.00 |
| Adjustments For Losses Gains On Disposal Of Noncurrent Assets | N/A | N/A | N/A | 205,000.00 | 165,000.00 |
| Cash Flows From Used In Operations | N/A | -27,031,000.00 | -57,345,000.00 | 240,483,000.00 | 101,507,000.00 |
| Income Taxes Paid Refund Classified As Operating Activities | N/A | 55,365,000.00 | 13,391,000.00 | 121,316,000.00 | 92,323,000.00 |
| Cash Flows From Used In Operating Activities | N/A | -82,396,000.00 | -70,736,000.00 | 119,167,000.00 | 9,184,000.00 |
| Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | 0.00 | 15,631,000.00 | N/A | N/A |
| Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | N/A | 0.00 | 35,104,000.00 | 0.00 |
| Other Cash Receipts From Sales Of Interests In Joint Ventures Classified As Investing Activities | N/A | N/A | N/A | 0.00 | 32,548,000.00 |
| Other Cash Payments To Acquire Interests In Joint Ventures Classified As Investing Activities | N/A | N/A | N/A | 13,148,000.00 | 110,003,000.00 |
| Cash Advances And Loans Made To Other Parties Classified As Investing Activities | N/A | 60,957,000.00 | 77,331,000.00 | 79,024,000.00 | 14,469,000.00 |
| Cash Receipts From Repayment Of Advances And Loans Made To Other Parties Classified As Investing Activities | N/A | 14,309,000.00 | 17,763,000.00 | 2,922,000.00 | 34,092,000.00 |
| Cash Flows From Used In Investing Activities | N/A | -132,358,000.00 | -752,895,000.00 | 604,012,000.00 | 584,836,000.00 |
| Payments From Changes In Ownership Interests In Subsidiaries | N/A | N/A | N/A | 0.00 | 25,683,000.00 |
| Payments Of Lease Liabilities Classified As Financing Activities | N/A | 23,236,000.00 | 17,209,000.00 | 33,673,000.00 | 29,817,000.00 |
| Dividends Paid Classified As Financing Activities | N/A | N/A | 0.00 | 215,079,000.00 | 99,994,000.00 |
| Interest Paid Classified As Financing Activities | N/A | 53,816,000.00 | 88,736,000.00 | 76,610,000.00 | 143,773,000.00 |
| Cash Flows From Used In Financing Activities | N/A | 267,517,000.00 | 658,433,000.00 | -461,596,000.00 | -240,703,000.00 |
| Increase (decrease) in cash and cash equivalents before effect of exchange rate changes | N/A | 52,763,000.00 | -165,198,000.00 | 261,583,000.00 | 353,317,000.00 |
| Effect Of Exchange Rate Changes On Cash And Cash Equivalents | N/A | 0.00 | 0.00 | 0.00 | 0.00 |
| Increase (decrease) in cash and cash equivalents after effect of exchange rate changes | N/A | 52,763,000.00 | -165,198,000.00 | 261,583,000.00 | 353,317,000.00 |
| Cash and cash equivalents | 439,532,000.00 | 492,295,000.00 | 327,097,000.00 | 588,680,000.00 | 941,997,000.00 |
Please note that some sums might not add up.
PLECHPS00019
LEI259400LHRL5AUI6F1F70
SectorReal Estate Management & Development
IndustryReal Estate Management & Development
Sub-IndustryKeep yourself informed with the most recent updates on FinancialReports, IPOs, product advancements, and other significant news.