ืขืฉื” ืืช ื”ื”ืฉืงืขื•ืช ื”ื˜ื•ื‘ื•ืช ื‘ื™ื•ืชืจ ืฉืœ ื—ื™ื™ืš

23,8 % ร˜-Performance der Fair-Value-Strategie seit 2003
ืžืชื—ื™ืœื™ื ืž-2 ืื™ืจื•
Analyse
ืคืจื•ืคื™ืœ
๐Ÿ‡ต๐Ÿ‡ฑ

ืคื•ืœื™ืŸ ื™ื™ืฆื•ืจ ืžื›ื•ื ื™ื•ืช

ืฉืขืจ

9,100 Units
ืฉื™ื ื•ื™ +/-
-1,100 Units
ืฉื™ืขื•ืจ ืฉื™ื ื•ื™ %
-11.40 %

ื”ืขืจืš ื”ื ื•ื›ื—ื™ ืฉืœ ื™ื™ืฆื•ืจ ืžื›ื•ื ื™ื•ืช ื‘-ืคื•ืœื™ืŸ ื”ื•ื 9,100 Units. ื™ื™ืฆื•ืจ ืžื›ื•ื ื™ื•ืช ื‘-ืคื•ืœื™ืŸ ื™ืจื“ ืœ-9,100 Units ื‘-1.4.2025, ืœืื—ืจ ืฉื”ื™ื” 10,200 Units ื‘-1.3.2025. ืž-1.11.2001 ืขื“ 1.4.2025, ื”ืชื•ืฆืจ ื”ืžืงื•ืžื™ ื”ื’ื•ืœืžื™ ื”ืžืžื•ืฆืข ื‘-ืคื•ืœื™ืŸ ื”ื™ื” 40,913.48 Units. ื”ืฉื™ื ื›ืœ ื”ื–ืžื ื™ื ื”ื•ืฉื’ ื‘-1.4.2008 ืขื 85,500 Units, ื‘ืขื•ื“ ืฉื”ืขืจืš ื”ื ืžื•ืš ื‘ื™ื•ืชืจ ื”ื•ืงืœื˜ ื‘-1.4.2020 ืขื 400 Units.

ืžืงื•ืจ: Central Statistical Office of Poland (GUS)

ื™ื™ืฆื•ืจ ืžื›ื•ื ื™ื•ืช

  • ืฉืœื•ืฉ ืฉื ื™ื

  • ื—ืžืฉ ืฉื ื™ื

  • ืขืฉืจ ืฉื ื™ื

  • 25 ืฉื ื”

  • ืžืงืก

ื™ื™ืฆื•ืจ ืจื›ื‘

ื™ื™ืฆื•ืจ ืžื›ื•ื ื™ื•ืช ื”ื™ืกื˜ื•ืจื™ื”

ืชืืจื™ืšืขืจืš
1.4.20259,100 Units
1.3.202510,200 Units
1.2.20257,700 Units
1.1.20256,100 Units
1.12.20248,800 Units
1.11.202412,300 Units
1.10.202415,200 Units
1.9.202410,200 Units
1.8.20248,300 Units
1.7.20247,300 Units
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ืžื“ื“ื™ื ื›ืœื›ืœื™ื™ื ืžืงืจื• ื“ื•ืžื™ื ืœ-ื™ื™ืฆื•ืจ ืžื›ื•ื ื™ื•ืช

ืฉืื ื•ื›ื—ื™ืงื•ื“ืืชื“ื™ืจื•ืช
๐Ÿ‡ต๐Ÿ‡ฑ
ืื™ืฉื•ืจื™ ืจื›ื‘ื™ื ื—ืฉืžืœื™ื™ื
2,552 Units2,311 Unitsื—ื•ื“ืฉื™
๐Ÿ‡ต๐Ÿ‡ฑ
ืืงืœื™ื ืขืกืงื™
โ€Ž-6.4 pointsโ€Ž-6.2 pointsื—ื•ื“ืฉื™
๐Ÿ‡ต๐Ÿ‡ฑ
ื”ื–ืžื ื•ืช ื—ื“ืฉื•ืช
101.4 points126 pointsื—ื•ื“ืฉื™
๐Ÿ‡ต๐Ÿ‡ฑ
ื™ื™ืฆื•ืจ ื—ืฉืžืœ
13,936.793 Gigawatt-hour15,613.698 Gigawatt-hourื—ื•ื“ืฉื™
๐Ÿ‡ต๐Ÿ‡ฑ
ื™ื™ืฆื•ืจ ืชืขืฉื™ื™ืชื™
1.7 %3 %ื—ื•ื“ืฉื™
๐Ÿ‡ต๐Ÿ‡ฑ
ื™ื™ืฆื•ืจ ืชืขืฉื™ื™ืชื™ ืœื—ื•ื“ืฉ
โ€Ž-1.4 %0 %ื—ื•ื“ืฉื™
๐Ÿ‡ต๐Ÿ‡ฑ
ื™ืฆื•ืจ ื›ืจื™ื™ื”
โ€Ž-10.6 %โ€Ž-6 %ื—ื•ื“ืฉื™
๐Ÿ‡ต๐Ÿ‡ฑ
ืžื“ื“ PMI ืœืชืขืฉื™ื™ื”
50.2 points50.7 pointsื—ื•ื“ืฉื™
๐Ÿ‡ต๐Ÿ‡ฑ
ื ื™ืฆื•ืœ ืงื™ื‘ื•ืœืช
77.6 %76.1 %ืจื‘ืขื•ืŸ
๐Ÿ‡ต๐Ÿ‡ฑ
ืจื•ื•ื—ื™ ื”ื—ื‘ืจื”
287.829 ืžื™ืœื™ืืจื“ PLN217.725 ืžื™ืœื™ืืจื“ PLNืจื‘ืขื•ืŸ
๐Ÿ‡ต๐Ÿ‡ฑ
ืจื™ืฉื•ืžื™ ืจื›ื‘
46,978 Units53,062 Unitsื—ื•ื“ืฉื™
๐Ÿ‡ต๐Ÿ‡ฑ
ืจื™ืฉื•ืžื™ื ื—ื“ืฉื™ื ืฉืœ ืจื›ื‘ื™ ื ื•ืกืขื™ื YoY
5.8 %6.3 %ื—ื•ื“ืฉื™
๐Ÿ‡ต๐Ÿ‡ฑ
ืฉื™ื ื•ื™ื™ื ื‘ืžืœืื™
7.701 ืžื™ืœื™ืืจื“ PLN18.674 ืžื™ืœื™ืืจื“ PLNืจื‘ืขื•ืŸ
๐Ÿ‡ต๐Ÿ‡ฑ
ืชืขืฉื™ื™ื”
1.2 %2.4 %ื—ื•ื“ืฉื™
๐Ÿ‡ต๐Ÿ‡ฑ
ืชืขืฉื™ื™ืช ื”ืฆืžื ื˜
1.752 ืžื™ืœื™ื•ืŸ Tonnes1.713 ืžื™ืœื™ื•ืŸ Tonnesื—ื•ื“ืฉื™

ื“ืคื™ ืžืืงืจื• ืœืžื“ื™ื ื•ืช ืื—ืจื•ืช ื‘ ืื™ืจื•ืคื”

ืžื”ื• ื™ื™ืฆื•ืจ ืžื›ื•ื ื™ื•ืช

ืชื—ื•ื "ื™ืฆื•ืจ ืžื›ื•ื ื™ื•ืช" ื‘ืงื˜ื’ื•ืจื™ื” ื”ืžืืงืจื•-ื›ืœื›ืœื™ืช ืžืชืืจ ืืช ืชื”ืœื™ื›ื™ ื”ื™ื™ืฆื•ืจ, ื”ืคื™ืชื•ื—, ื•ื”ืฉื™ื•ื•ืง ืฉืœ ื›ืœื™ ืจื›ื‘ ื‘ื›ืœื›ืœื” ื”ืžื•ื“ืจื ื™ืช. ืžื“ื•ื‘ืจ ื‘ืื—ื“ ื”ืชื—ื•ืžื™ื ื”ื›ืœื›ืœื™ื™ื ื”ืžืฉืžืขื•ืชื™ื™ื ื‘ื™ื•ืชืจ, ื”ืžืฉืคื™ืข ืขืœ ืฉืœืœ ืขื ืคื™ื ื ืจื—ื‘ื™ื ื•ื‘ืขื™ืงืจ ืขืœ ื”ื›ืœื›ืœื•ืช ื”ื’ื“ื•ืœื•ืช ืฉืœ ื”ืขื•ืœื. ื‘ืืชืจ ืฉืœื ื•, "Eulerpool", ืื ื• ืžืกืคืงื™ื ืžื™ื“ืข ืžืงืฆื•ืขื™ ื•ืžืงื™ืฃ ืขืœ ื ืชื•ื ื™ ื™ืฆื•ืจ ืžื›ื•ื ื™ื•ืช, ื”ืžืฆื™ืขื™ื ืชื•ื‘ื ื•ืช ื™ื™ื—ื•ื“ื™ื•ืช ื•ืžืขืžื™ืงื•ืช ืœืงื”ืœ ืจื—ื‘ ืฉืœ ืžืฉืงื™ืขื™ื, ื›ืœื›ืœื ื™ื ื•ืžื ื”ืœื™ื ื‘ื›ืœ ื”ืขื•ืœื. ื™ืฆื•ืจ ืžื›ื•ื ื™ื•ืช ื”ื™ื ื• ืชื”ืœื™ืš ืžื•ืจื›ื‘ ื”ื›ื•ืœืœ ืฉืœื‘ื™ื ืจื‘ื™ื, ื›ืœ ืื—ื“ ืžื”ื ื ื•ืฉื ื—ืฉื™ื‘ื•ืช ืจื‘ื” ื‘ื ื•ื’ืข ืœืฉื•ืง ื”ืขื‘ื•ื“ื”, ื”ื˜ื›ื ื•ืœื•ื’ื™ื” ื•ื”ื—ื“ืฉื ื•ืช, ื•ื”ื”ืฉืคืขื•ืช ื”ื›ืœื›ืœื™ื•ืช ื”ืจื—ื‘ื•ืช ื›ื•ืœืœื•ืช ืืช ื”ืฉืคืขืช ื”ืชืขืฉื™ื™ื” ืขืœ ื”ืชืœ"ื’, ื”ืžืกื—ืจ ื”ื‘ื™ื ืœืื•ืžื™ ื•ื”ืžืื–ืŸ ื”ื›ืœื›ืœื™ ื”ื›ื•ืœืœ. ืื—ื“ ื”ื”ื™ื‘ื˜ื™ื ื”ืžืจื›ื–ื™ื™ื ื‘ืชื—ื•ื ื™ืฆื•ืจ ื”ืžื›ื•ื ื™ื•ืช ื”ื•ื ื”ื™ื™ื‘ื•ื ื•ื”ื™ืฆื•ื ืฉืœ ื—ืœืงื™ ื”ืจื›ื‘ ื•ืฆื™ื•ื“ ื”ื™ื™ืฆื•ืจ. ืชืขืฉื™ื™ืช ื”ืจื›ื‘ ื”ื’ืœื•ื‘ืœื™ืช ืžืชืืคื™ื™ื ืช ื‘ืจืฉืช ืืกืคืงื” ื‘ื™ืŸ-ืœืื•ืžื™ืช ืฉื‘ืžืกื’ืจืชื” ื›ืœ ืžื“ื™ื ื” ืชื•ืจืžืช ื—ืœืงื™ื ืฉื•ื ื™ื ืœืชื”ืœื™ืš ื”ื™ื™ืฆื•ืจ ื”ื›ื•ืœืœ. ืžื“ื™ื ื•ืช ืžืกื•ื™ืžื•ืช ืžืชืžื—ื•ืช ื‘ื™ื™ืฆื•ืจ ื•ื”ืฉื™ื•ื•ืง ืฉืœ ืžืจื›ื™ื‘ื™ื ื˜ื›ื ื•ืœื•ื’ื™ื ืžืชืงื“ืžื™ื, ื‘ืขื•ื“ ืื—ืจื•ืช ืžืกืคืงื•ืช ืžืฉืื‘ื™ื ื‘ืกื™ืกื™ื™ื ื™ื•ืชืจ, ื“ื•ื’ืžืช ืžืชื›ื•ืช ื•ืขื•ื“. ืฉื™ืชื•ืฃ ื”ืคืขื•ืœื” ื”ื›ืœื›ืœื™ ื”ื–ื” ืžืืคืฉืจ ื’ื™ื“ื•ืœ ืžืชืžืฉืš ื‘ืชืคื•ืงื” ื•ืฉื™ืคื•ืจ ื‘ืื™ื›ื•ืช ื”ืžื•ืฆืจื™ื. ื‘ื ื•ืกืฃ, ืชื—ื•ื ื™ืฆื•ืจ ืžื›ื•ื ื™ื•ืช ืžืงื“ื ืคื™ืชื•ื— ืฉืœ ื˜ื›ื ื•ืœื•ื’ื™ื•ืช ื—ื“ืฉื•ืช. ื”ื”ืฉืงืขื•ืช ื‘ืžื—ืงืจ ื•ืคื™ืชื•ื— ื”ืŸ ืžื”ื’ื‘ื•ื”ื•ืช ื‘ื™ื•ืชืจ ื‘ื›ืœืœ ืขื ืคื™ ื”ืชืขืฉื™ื™ื”, ื•ืžื”ื•ื•ืช ื‘ืกื™ืก ืœื—ื“ืฉื ื•ืช ื˜ื›ื ื•ืœื•ื’ื™ืช ืฉืžืฉืคื™ืขื” ืขืœ ืชื—ื•ืžื™ ื—ื™ื™ื ืจื‘ื™ื. ื”ืจื›ื‘ื™ื ื”ืžื•ื“ืจื ื™ื™ื ืžืฆื•ื™ื“ื™ื ื‘ื˜ื›ื ื•ืœื•ื’ื™ื•ืช ื‘ื˜ื™ื—ื•ืช ืžืชืงื“ืžื•ืช, ืžืขืจื›ื•ืช ืื•ื˜ื•ื ื•ืžื™ื•ืช ืœืฉืœื™ื˜ื”, ื•ื—ื™ื‘ื•ืจื™ื•ืช ืžืชืงื“ืžืช, ื›ืœ ืืœื• ืžื”ื•ื•ื™ื ืืช ื”ืขืชื™ื“ ืฉืœ ืชื—ื•ื ื”ืชื—ื‘ื•ืจื”. ื‘ื”ื™ื‘ื˜ ื”ื›ืœื›ืœื™, ื™ืฆื•ืจ ืžื›ื•ื ื™ื•ืช ื”ื•ื ืžื ื•ืข ื—ืฉื•ื‘ ื‘ื’ื™ื•ืก ื›ื•ื— ืขื‘ื•ื“ื” ื•ื”ืขืกืงื”. ื”ืชืขืฉื™ื™ื” ืžืขืกื™ืงื” ืžื™ืœื™ื•ื ื™ ืื ืฉื™ื ื‘ืจื—ื‘ื™ ื”ืขื•ืœื, ื•ืžืฉืคื™ืขื” ืขืœ ืžืฉืจื•ืช ืจื‘ื•ืช ื’ื ืžื—ื•ืฅ ืœืชื—ื•ื ื”ื™ื™ืฆื•ืจ ื”ื™ืฉื™ืจ - ื”ื—ืœ ืžืื ืฉื™ ืžื—ืงืจ ื•ืคื™ืชื•ื—, ื“ืจืš ืื ืฉื™ ืฉื™ื•ื•ืง ื•ืžื›ื™ืจื•ืช ื•ืขื“ ืขื•ื‘ื“ื™ ื”ื”ืกืคืงื” ื”ืฉื•ื ื™ื. ื”ืขื•ืœื ื”ืžื•ื“ืจื ื™ ืžืฆื™ื‘ ืืชื’ืจื™ื ืจื‘ื™ื ืœืชื—ื•ื ื™ืฆื•ืจ ืžื›ื•ื ื™ื•ืช, ืื—ื“ ืžื”ื ื”ื•ื ื”ืžืขื‘ืจ ืœื›ืœื›ืœื” ื™ืจื•ืงื” ื™ื•ืชืจ. ื”ืฉื™ืžื•ืฉ ื‘ืื ืจื’ื™ื•ืช ืžืชื—ื“ืฉื•ืช, ื›ืžื• ื’ื ืคื™ืชื•ื— ื•ื™ื™ืฆื•ืจ ืฉืœ ืจื›ื‘ื™ื ื—ืฉืžืœื™ื™ื, ืžื”ื•ื•ื™ื ืžื’ืžื” ืžืจื›ื–ื™ืช ื‘ืฉื•ืง ื”ืขื•ืœืžื™ ืฉืœ ื›ืœื™ ื”ืจื›ื‘. ื”ืขืœื™ื™ื” ื‘ืžื•ื“ืขื•ืช ืœืื™ื›ื•ืช ื”ืกื‘ื™ื‘ื” ืžืฆื“ ืื—ื“, ื•ืžื—ื™ืจื™ ื”ื ืคื˜ ื”ืžืฉืชื ื™ื ืžืฆื“ ืฉื ื™, ืžื”ื•ื•ื™ื ืงื˜ืœื™ื–ื˜ื•ืจ ื—ืฉื•ื‘ ื‘ืฉื™ื ื•ื™ ืคืจื•ืคื™ืœ ื”ื™ื™ืฆื•ืจ ื•ืžื”ื•ื•ื™ื ืชื—ื•ื ื›ืœื›ืœื™ ื‘ืคื ื™ ืขืฆืžื•. ื‘ื ื•ืกืฃ ืœื›ืš, ืชืขืฉื™ื™ืช ื”ืจื›ื‘ ืžืฉืคื™ืขื” ื’ื ืขืœ ืžืื–ืŸ ื”ืžืกื—ืจ ื‘ืขื•ืœื. ื™ืฆื•ื ืžื›ื•ื ื™ื•ืช ื•ืžื•ืฆืจื™ ืจื›ื‘ ื”ื ื’ื•ืจื ื›ืœื›ืœื™ ืžืฉืžืขื•ืชื™ ืœืžื“ื™ื ื•ืช ืจื‘ื•ืช, ื•ื”ื ืžื”ื•ื•ื™ื ื—ืœืง ืžืฉืžืขื•ืชื™ ืžื”ืชืœ"ื’ ืฉืœ ืžื“ื™ื ื•ืช ื›ืžื• ื’ืจืžื ื™ื”, ื™ืคืŸ ื•ืืจืฆื•ืช ื”ื‘ืจื™ืช. ื’ื ื”ื›ืœื›ืœื” ื”ื™ืฉืจืืœื™ืช ื ื”ื ื™ืช ืžืฉื™ืชื•ืคื™ ืคืขื•ืœื” ื‘ืชื—ื•ื ื™ืฆื•ืจ ื”ืžื›ื•ื ื™ื•ืช, ื‘ืขื™ืงืจ ื“ืจืš ื—ื‘ืจื•ืช ืกื˜ืจื˜ืืค ื˜ื›ื ื•ืœื•ื’ื™ื•ืช ืฉืžื™ื™ืฆืื•ืช ืคืชืจื•ื ื•ืช ื—ื“ืฉื ื™ื™ื ื‘ืชื—ื•ื. ื‘ืกืงื™ืจื” ื”ืžืงื™ืคื” ืฉืœื ื• ื‘-Eulerpool, ืื ื• ืžืกืคืงื™ื ื ืชื•ื ื™ื ื›ืœื›ืœื™ื™ื ืขื›ืฉื•ื•ื™ื™ื ื•ืžื“ื•ื™ืงื™ื ืฉืžืชืืจื™ื ืืช ืžืฆื‘ ื”ืฉื•ืง, ืชื—ื–ื™ื•ืช ืœืขืชื™ื“ ื•ื ื™ืชื•ื—ื™ื ืžืขืžื™ืงื™ื ืฉืžื‘ื•ืกืกื™ื ืขืœ ืฉืœืœ ืžืงื•ืจื•ืช ืžื™ื“ืข ืจื—ื‘ื™ื ื•ืžืขื•ื“ื›ื ื™ื. ื”ื—ื™ื‘ื•ืจ ื‘ื™ืŸ ืžื™ื“ืข ื›ืœื›ืœื™ ืœื‘ื™ืŸ ืชื—ื•ื ื™ืฆื•ืจ ื”ืžื›ื•ื ื™ื•ืช ืžืืคืฉืจ ื”ื‘ื ื” ืžืขืžื™ืงื” ืฉืœ ื”ื“ื™ื ืžื™ืงื•ืช ื‘ืฉื•ืง ื•ื”ืฉืคืขื•ืช ื”ื›ืœื›ืœื” ื”ื’ืœื•ื‘ืœื™ืช. ืœืกื™ื›ื•ื, ืชื—ื•ื ื™ืฆื•ืจ ื”ืžื›ื•ื ื™ื•ืช ืžืชืคืชื— ื•ืžืชื—ื“ืฉ ื‘ืื•ืคืŸ ืชื“ื™ืจ. ื”ืืชื’ืจื™ื ื•ื”ื”ื–ื“ืžื ื•ื™ื•ืช ื”ื›ืœื›ืœื™ื•ืช ื”ืงื™ื™ืžื•ืช ื‘ืชื—ื•ื ื–ื” ื“ื•ืจืฉื™ื ื”ื‘ื ื” ืžืขืžื™ืงื” ื•ื ื›ื•ื ื•ืช ืœื”ืกืชื’ืœ ืœืฉื™ื ื•ื™ื™ื ืชืžื™ื“ื™ื™ื ื‘ืฉื•ืง ื”ื’ืœื•ื‘ืœื™. ื‘ืืชืจ "Eulerpool" ืื ื• ืžืฆื™ืขื™ื ืืช ื›ืœ ื”ืžื™ื“ืข ื•ื”ื ืชื•ื ื™ื ื”ื“ืจื•ืฉื™ื ืœื›ืœ ืžื™ ืฉืžืขื•ื ื™ื™ืŸ ืœืขืงื•ื‘ ื•ืœื”ื‘ื™ืŸ ืืช ื”ืžื’ืžื•ืช ื•ื”ืชื”ืœื™ื›ื™ื ื”ืžืขืฆื‘ื™ื ืืช ื”ืชื—ื•ื, ื•ืœื ืฆืœ ืืช ื”ื™ื“ืข ื”ื–ื” ืœืฆื•ืจืš ืงื‘ืœืช ื”ื—ืœื˜ื•ืช ืžื•ืฉื›ืœื•ืช. ืื ื—ื ื• ืžื–ืžื™ื ื™ื ืืชื›ื ืœื”ืฆื˜ืจืฃ ืืœื™ื ื• ื•ืœื”ื™ื•ืช ื—ืœืง ืžืงื”ื™ืœืช ื”ืžืฉืชืžืฉื™ื ื”ืžืงืฆื•ืขื™ื™ื ืฉืœื ื•, ื”ื ื”ื ื™ื ืžืฉื™ืจื•ืช ืžื™ื“ืข ื›ืœื›ืœื™ ืืžื™ืŸ, ืื™ื›ื•ืชื™ ื•ืžืชืงื“ื.