The performance of domestic indices matched what we observed on foreign exchanges. The German DAX fell 1.62%, and the French CAC40 dropped 0.95%. Meanwhile, on Wall Street, the discount mainly affected technology companies that had been gaining heavily in recent days. Supply focused especially on semiconductor company stocks. Investors were taking profits from previous days. Yesterday, investors also learned about the pace of price growth in the world’s largest economy.
In April, US CPI inflation was 3.8% YoY, compared to 3.3% YoY in March. The result indicated a significant acceleration of prices but was largely expected by the market (consensus 3.7% YoY). Core inflation rose 2.8% YoY from 2.6% YoY in March. The price acceleration, like in March, is due to higher fuel prices caused by the Middle East conflict. US prices are increasingly far from the Fed’s inflation target. The data released yesterday put the Fed, and especially new Chair Kevin Warsha, in a difficult position. Just recently, the market priced in the moment when the Fed would return to easing monetary policy. Now, with the ongoing geopolitical impasse and high inflation, the scenario in which the Fed not only keeps rates high for longer but may also be forced to raise them again gains importance. The dollar strengthened clearly on the back of this data.
Today’s data calendar will continue with the release of final inflation figures. This time France will publish its estimates, where initial data indicated an acceleration of the HICP dynamics to 2.5% YoY from 2.0% in March. Today will also publish the revised Q1 GDP for the euro area (0.8% YoY).
WIG20 and mWIG40
Allegro The Allegro ChatGPT application launched a new app on ChatGPT. As stated, instead of the traditional keyword search, users can now have a natural dialogue with a technologically advanced assistant. Key features of the new app include presenting products in clear cards, each containing price, photo, and ratings, allowing verification of offers without leaving the chat. Additionally, Allegro aims for a shortened purchase path and data intelligence.
Benefit Systems The Board of Directors of Benefit Systems proposes a total dividend of about 330.1 million PLN from 2025 net profit, i.e., 100 PLN per share. The board proposes allocating 71.98 million PLN to the company’s reserve capital. The board proposes setting the dividend date to September 7, 2026, and the payment date to September 25, 2026.
Budimex The most favorable offer The consortium offer comprising Budimex, Budimex Bau GmbH, and Mostostal Kraków was chosen as the most favorable in the tender for the construction of the Mühlendamm – Berlin Mitte bridge. The offer value is about 63 million euros net.
Erste Bank Polska Appeal against the penalty Erste Bank Polska filed a request for reconsideration of the case regarding the KNF decision imposing a total fine of 21.1 million PLN on Erste Bank Polska (formerly Santander Bank Polska).
Orlen End of the break at the Orlen Unipetrol refinery ended the planned break in the operation of its Kralupy refinery. The refinery was restarted. The production plant underwent comprehensive maintenance and modernization.
Ten Square Games The Ten Square Games conference plans a global launch of the game "Medal Hunter" in May or June – as shown in the company presentation at the conference. CEO Andrzej Ilczuk indicated that the company will base development on a rigorous validation system for new games and prototypes.
• "'Medal Hunter'" is our newest project. This project is being developed under our new development model (...). It is a mobile PVP shooter (player versus player) with a military theme. For us, this title is very important for many reasons. First, it tests this model. Is it repeatable, should we continue using it? At the moment it seems so. Second, it transfers proven gameplay to a new, much wider segment of military games" – CEO Andrzej Ilczuk said.
• "What is very important, for example, in the case of 'Trophy Hunter', is that shooting games have limited marketing possibilities. Military games, such as 'Medal Hunter', no longer have these limitations" – he added.
• The presentation shows that the company is preparing for a global launch in May or June. Additionally, the presentation indicated that the game on May 4 had its technical release in Poland, the Philippines, Vietnam, and Mexico, while on May 8 the title debuted in a soft launch in Australia, Germany, the UK, and the US.
SWIG80 and others
Creepy Jar The results of Creepy Jar estimate a net profit of 29.8 million PLN in Q1 2026 versus 5 million PLN in Q1 2025. PAP Business consensus expected a net profit of 26 million PLN. In Q1 2026, Creepy Jar’s sales revenue was 40 million PLN versus 8.5 million PLN in Q1 2025. Consensus expected revenue of 35.6 million PLN. It was stated that record-high sales revenue achieved by the company in Q1 2026 is mainly due to the successful debut of the game StarRupture on January 6, 2026, on the PC/Steam platform.
Enter Air The intention to acquire Nekera Enter Air announced the intention to take control of the Polish tour operator Nekera – as stated on the UOKiK website. Nekera is an independent Polish tour operator conducting activities in organizing and selling tourist events, especially holiday packages including air transport and accommodation.
MFO Estimated results MFO estimates a net profit in Q1 2026 of 2.4 million PLN, a decline of 30.2% compared to the same period in 2025. In this period, sales revenue of products, goods, and materials was 173.38 million PLN, an increase of 2.17% YoY.
Onde Backlog The group’s backlog on March 31, 2026, was 25.3% higher YoY and amounted to 663 million PLN. It was stated that the group’s backlog was 663 million PLN, including: 49 million PLN in the "Renewable Energy Construction" segment – contract execution for wind farm industry, 551 million PLN in the "Renewable Energy Construction – contract execution for photovoltaic farm industry" and 63 million PLN in the "Road and civil engineering construction" segment.
Torpol The hydrogen hub for Orlen Torpol Oil & Gas signed a contract with Orlen worth 75 million PLN net for the construction of a hydrogen hub in Szczecin. The project will be executed in EPC form and will include comprehensive turnkey installation. The contract scope includes the construction of a hydrogen production plant, including an electrolyzer, as well as hydrogen storage and necessary infrastructure for its loading. The planned plant capacity will be about 5 MW, and its output is expected to reach at least 90 kg of hydrogen per hour.
Votum The Votum dividend will pay 5 PLN per share after accounting for advance payments from 2025 profits. Votum’s board set the dividend date to May 18, 2026, and the dividend will be paid on May 22, 2026.
