Earnings Poll: Poland's Cyfrowy Polsat net profit seen up 14% year on year

Asseco Poland SA

22/03/2021 12:19

* Cyfrowy Polsat Q4 results due March 25 before market
opens
    * Net profit seen at 357 million zlotys

    WARSAW, March 22 (Reuters) - Polish telecoms and media group
Cyfrowy Polsat  CPS.WA  is expected to report a 14% year-on-year
growth in its fourth-quarter net profit on higher revenues,
consolidation of Interia's results and lower taxes, a Reuters
poll showed on Monday.
    The Cyfrowy group, which acquired web media group Interia in
July, is expected to report net profit of 357 million zlotys 
($92.30 million, the survey of 11 banks and brokerages showed.
    This would put net profit for the whole of 2020 at 1.17
billion zlotys. 
    
    The following table summarises market forecasts for Cyfrowy
Polsat for the fourth quarter of 2020: 
    (Figures in millions of zlotys unless otherwise stated)

                   Net income  EBIT  EBITDA  Revenue
 Average           357         530   1.102   3.169
 Median            356         529   1.102   3.171
 Lowest            335         515   1.085   3.114
 Highest           377         545   1.118   3.219
 No. of            11          11    11      11
   f'casts                                   
 Q4 2019           314         494   1.062   3.069
 Q3 2020           346         506   1.079   3.004
 Forecasts provided by: DM mBank, Pekao IB, Santander BM, Wood &
Co, Ipopema Securities, Erste Securities, Haitong IB, Trigon DM,
DM BOS, DM PKO BP, Barclays.
($1 = 3.8679 zlotys)

 (Reporting by Anna Koper; Editing by Andrea Ricci)
 ((anna.koper@thomsonreuters.com; +48 22 104 25 24; Reuters
Messaging: anna.koper.reuters.com@thomsonreuters.com))