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.‹ Back