Brief: Alumetal Plans Avg Annual EBITDA Growth Of 10% In 2018-2022, Hike Dividend Payout

Alumetal SA

16/07/2018 16:59

July 16 (Reuters) - Alumetal SA  AMT.WA :
    * ON ITS STRATEGY FOR 2018-2022
    * SAYS HIKES CURRENT DIVIDEND PAYOUT RATIO TO MIN.  70% OF
NORMALIZED CONSOLIDATED NET PROFIT FROM 50% FOR 2018-2022
    * PLANS TO INCREASE SALES VOLUME TO OVER 250,000 TONNES IN
2022
    * AIMS TO ACHIEVE AVERAGE ANNUAL EBITDA GROWTH OF 10 PERCENT
    * SAYS PLANS TO MODERNIZE ITS PRODUCTION FACILITY IN KETY
    * SAYS PLANS TO INVEST UP TO 56 MILLION ZLOTYS TO MODERNIZE
ITS
KETY PRODUCTION FACILITY
    * SAYS EXPENDITURES TO BE ENDURED MAINLY IN 2019-2020 AND
FINANCED
FROM CO'S OWN PROCEEDS
    * SAYS DOES NOT EXPECT OTHER LARGE INVESTMENT PROJECTS IN
2018-2020

Source text for Eikon:  ID:nEM9R1Bqwa 
Further company coverage:  AMT.WA 

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