Stock news Cognor na GPW
On May 15, 2026, Cognor Holding S.A. (WSE: COG) released its consolidated financial results for the first quarter of 2026, reporting sales revenue of PLN 591.3 million, an 8.8% increase compared to the same period last year. Despite the revenue growth, the company recorded a net loss of PLN 1.06 million, which management attributed to significant capital expenditures and temporary production stoppages. The report also disclosed a breach of certain financial covenants; however, the company successfully secured waivers from its lenders. To stabilize its financial position, Cognor strengthened its balance sheet through a major equity issuance and expects the 20% increase in rebar prices implemented earlier this year to drive margin recovery in subsequent quarters.