Earnings Poll: Cyfrowy Polsat first-quarter net profit expected to rise 140%

Cyfrowy Polsat SA

20/05/2024 15:50

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      Cyfrowy Polsat Q1 results due May 22 after market close
    

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      Net profit seen at 156 million zlotys, poll shows
    

  
       May 20 (Reuters) - Polish telecoms and media group
Cyfrowy Polsat  CPS.WA  is expected to report 140% growth in
first-quarter net profit, boosted by the sale of part of its IP
address package and a drop in net finance costs, a Reuters poll
showed on Monday.
    Cyfrowy Polsat is forecast to report a quarterly net profit
of 156 million zlotys ($40 million), the survey of six banks and
brokerages showed. 
    The company recorded a one-off gain on the disposal of its
IPv4 address package for 164 million zlotys, which positively
impacted results.
    Adjusted EBITDA, on the other hand, is expected to fall by
1% year-on-year to 754 million zlotys due to inflationary
pressures, the poll showed.
    
    The following table summarises market forecasts for Cyfrowy
Polsat for the first quarter of 2024:
(Figures in millions of zlotys unless otherwise stated)
                  Net Profit  EBIT      Adjusted     Revenue
                                        EBITDA       
 Median                  153       439          753      3,438
 Average                 156       436          754      3,435
 Lowest                  131       419          749      3,397
 Highest                 189       447          762      3,455
 No. of f'casts            6         6            6          6
 Q1 2023                  65       299          761      3,199
 Q4 2023                 101       172          677      3,682
 
Forecasts provided by: Santander BM, Ipopema Securities, DM BOŚ,
Trigon DM, Wood&Co, Erste Securities.

($1 = 3.9129 zlotys)

 (Reporting by Anna Maria Nowak; Editing by Emelia
Sithole-Matarise)
 ((annamaria.nowak@thomsonreuters.com))