Poland’s energy sector surpassed market expectations in the first three month of the year, posting record results that bode well for the coming months. The biggest winner was Tauron, which drove the results up with a 16 percent jump in revenues during the first quarter, despite a 16 percent drop in production at its classic energy plants and a significant jump in its exporting prices. Higher production at its wind farms helped make up some of the shortfalls. According to the DI BRE brokerage, the company’s revenues could reach as much as PLN 25bn at the end of the year, with PLN 1.3bn posted in profits. “Touron should have no difficulties with balancing the capital for further investment in coming years,” says Kamil Kliszcz from DI BRE.
