2020 projection update
The Management Board of Grupa Kęty S.A. made a decision on updating the 2020 financial and operating results projection. The current 2020 estimations provide for the generation of PLN 3,380 million sales (growth by 2% compared to the preceding projection), PLN 600 million EBITDA (growth by 12% compared to the preceding projection), PLN 453 million EBIT (growth by 16% compared to the preceding projection), and PLN 352 million net profit (growth by 20% compared to the preceding projection). The capital expenditure assumed for this year has been reduced by roughly 19%, to PLN 173 million, as well as the net debt projected as at the end of 2020 by 6%, i.e. to PLN 700 million.
The above adjustments have been based on the financial results generated by the Capital Group in the first half of 2020, the estimated financial data for July this year and the assumed deterioration of the market situation in Q.4, 2020.
Good results for the first half of 2020
Revenue in the first half of the year grew to PLN 1.72 billion (growth by 6.6%), which represents 51.8% of the annual projection for the Group (PLN 3.3 billion). The Company generated PLN 204.5 million consolidated net profit (growth by 53%), which amounts to roughly 69% of the Group projection for 2020 (PLN 294 million). The Management Board sustains the financial projections for 2020.
Estimated results for two quarters
The estimated consolidated sales revenue for two quarters amounted to PLN 1.7 billion, whereas net profit reached PLN 193.3 million. The Management Board sustains the current projection of the results for 2020 published on 5 February.
CEO and CFO of Grupa Kęty among the leaders of Emerging EMEA Executive Team ranking
We are pleased to inform you that in the ranking published by Institutional Investor Magazine, Mr Dariusz Mańko took third place in the category, BEST CEO among companies from the sector of building materials manufacturers in the Emerging Market EMEA, and Mr Adam Piela third place in the category BEST CFO. Therefore, Grupa Kęty was among 44 out of 400 companies distinguished with the title of Most Honored Company - Emerging EMEA Executive Team.
Ranking was prepared based on the votes of ca. 12,000 professionals representing investor community
Projection of financial results for the year 2019
Grupa Kęty S.A. announces projection of the selected financial and operating results of the Capital Group for the year 2019 and the estimated financial and operating results for the year 2018.
Strategic options review at Grupa Kęty
Grupa Kęty S.A. informed about the commencement of reviewing the strategic options with regard to the operating activities of the Company and the Capital Group.
Economic prosperity does not subside
Positive financial results attained in Q4 show that the Capital Group has met and even exceeded the financial forecast for the year 2018 presented in February 2018.
Fast development pace
Consolidated sales revenue for this period amounted to 811.6 million PLN (a 13% increase) and consolidated net profit amounted to 83.2 million PLN (an 8% increase).