Earnings Poll: Poland's Cyfrowy Polsat seen returning to profit in Q2

Cyfrowy Polsat SA

20/08/2024 15:30

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      Cyfrowy Polsat Q2 results due August 21 after market close
    

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      Net profit seen at 129 million zlotys, poll shows
    

  
       Aug 20 (Reuters) - Polish telecoms and media group
Cyfrowy Polsat  CPS.WA  is expected to report 129 million zlotys
($33.54 million) of second-quarter net profit compared with a
loss of 7.3 million zlotys a year earlier, with the improvement
mainly due to an increase in retail sales revenue and the sale
of the second tranche of an IP address package, a Reuters poll
showed on Tuesday.
    The company is estimated to post 309 million zlotys of net
profit in the entire first half of the year, a survey of five
banks and brokerages showed.
    
    The following table summarises market forecasts for Cyfrowy
Polsat for the second quarter of 2024:
(Figures in millions of zlotys unless otherwise stated)
                  Net Profit  EBIT      Adjusted     Revenue
                                        EBITDA       
 Median                  127       372          821      3,498
 Average                 129       366          819      3,493
 Lowest                  109       349          811      3,451
 Highest                 151       375          823      3,528
 No. of f'casts            5         5            4          5
 Q2 2023                  -7       330          799      3,290
 Q1 2024                 180       453          936      3,405
 
Forecasts provided by: Ipopema Securities, DM BOŚ, Trigon DM,
Wood&Co, Erste Securities.

 ($1 = 3.8456 zlotys)

 (Reporting by Anna Maria Nowak; editing by Jonathan Oatis)
 ((annamaria.nowak@thomsonreuters.com))