Agora S.A. - Polish media company

Breaking news

Financial results of the Agora Group in 4Q2022


Financial results of the Agora Group in 4Q2022


Info box





Kurs akcji [PLN]

5,90 zł





Company data

Czerska 8/10 Street
00-732 Warszawa

AGO -1,67%
mWIG40 -2,45%
WIG-MEDIA -4,04%

Regon: 11559486
Numer KRS: 59944
NIP: 526-030-56-44


November 14, 2022 / 14:08

38/2022 Commencement of consultation procedure on downsizing at Helios S.A.

Regulatory filing

The Management Board of Agora S.A. hereby informs that on November 14th, 2022, the Management Board of Helios S.A.("Company"), subsidiary of Agora S.A., in accordance with the Act of March 13th, 2003 on Special Rules for Termination of Employment for Reasons Not Attributable to Employees, resolved to commence the consultation on group layoffs with the representatives of the Company’s employees.

The reason for the planned group layoffs is the current economic and financial situation of the Company which has recently been gravely affected by i.a.: lower than the pre-pandemic frequency in Polish cinemas, energy price increase, minimum wage and minimum rate increase, EUR rate increase, other doing business costs increase, and commencement of repayment of loans taken out in connection with tackling Covid-19 effects and doubling of this debt service cost.

The intention of the Management Board of Helios S.A. is to lay off up to 80 employees of the Company (which is ca. 20% of employees of the Company as of November 14th, 2022) between November 22nd and 21st December, 2022.

The Company shall go through these difficult changes in a thought out manner and with care for its employees, offering the dismissed employees a range of protective and supportive initiatives.

On November 14th, 2022 the Management Board of the Company shall request the representatives of the Company’s employees to join in the consultation on collective redundancy process and shall provide the relevant Labor Office with information on the intention to execute group layoffs in the Company.

Agora S.A. shall publish a consecutive regulatory filing on collective redundancies after the process of consultation with representatives of the Company’s employees is finalized. The final data regarding the amount of the provision and the effect of employment restructuring on the financial results of Agora Group shall be published in the annual financial statements of Agora Group for 2022.

Legal basis: article 17, paragraph 1 of the Regulation of the European Parliament and Council Regulation (EC) No. 596/2014 of April 16th, 2014 on market abuse (Regulation on Market Abuse) and repealing Directive 2003/6/EC of the European Parliament and of the Council and the Commission Directive 2003/124/EC, 2003/125/EC and 2004/72/EC (Acts. Office. EC L 173, 06.12.2014).

Go back


Every day something new happens to us.
We will be happy to tell you about it.

Choose :

Providing an e-mail address means you agree to receive a newsletter containing information about Agora S.A. and companies from the Agora capital group in the selected area. The administrator of your personal data is Agora S.A with its registered seat in Warsaw (00-732), 8/10 Czerska street. Your personal data will be processed in order to deliver the ordered newsletter, as well as for statistical and analytical purposes of the administrator. The consent may be withdrawn at any time by contacting, however its withdrawal does not affect the legality of the processing carried out prior to the withdrawal. By withdrawing the consent to receive the newsletter, you resign from receiving all corporate newsletters regarding the activities of Agora SA and companies from the Agora capital group. For more information on the processing of personal data, in particular your rights, see the privacy policy and our transparency policy.