Brief: Grupa Kety Publishes Financial Forecast For 2022

Grupa Kety

23/12/2021 06:25

Dec 23 (Reuters) - Grupa Kety SA  KTY.WA :
    * PUBLISHED ON WEDNESDAY FINANCIAL AND OPERATIONAL FORECAST
FOR
2022
    * SEES NET PROFIT IN 2022 AT 549 MLN ZLOTYS, DOWN 6% YEAR ON
YEAR
    * SEES SALES REVENUE IN 2022 AT 5.42 BLN ZLOTYS, UP 19% YEAR
ON
YEAR
    * SEES EBITDA IN 2022 AT 823 MLN ZLOTYS, DOWN 7% YEAR ON
YEAR
    * SEES OPERATING PROFIT AT 653 MLN ZLOTYS, DOWN 11% YEAR ON
YEAR
    * FORECASTS THAT NET DEBT LEVEL AT THE END OF 2022 WILL
AMOUNT TO
APPROX. 1.33 BLN ZLOTYS AND NET DEBT RATIO TO EBITDA WILL BE AT
1.7
    * SAYS THE NEGATIVE BALANCE ON FINANCIAL ACTIVITIES WILL
AMOUNT TO
APPROXIMATELY 50 MLN ZLOTYS IN 2022 AND WILL MAINLY COVER LOAN
SERVICING COSTS
    * ESTIMATED CAPEX IN 2022 WILL AMOUNT TO 497 MLN ZLOTYS, OUT
OF
WHICH APPROXIMATELY 100 MLN ZLOTY IS COST OF PROJECTS STARTED IN
2021 OR THE IMPLEMENTATION OF WHICH HAS BEEN POSTPONED FROM 2021
TO 2022

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM6XZ71na
 Further company coverage:  KTY.WA  

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