Brief: Grupa Kety Sees FY 2023 Net Profit At 388 Mln Zlotys

Grupa Kety

20/12/2022 16:47

Dec 20 (Reuters) - Grupa Kety SA  KTY.WA :
    * PUBLISHES OUTLOOK FOR 2023 RESULTS
    * SEES FY 2023 NET PROFIT AT 388 MILLION ZLOTYS, DOWN 41%
YOY
    * SEES FY 2023 SALES REVENUE AT 5.27 BILLION ZLOTYS, DOWN
11% YOY
    * SEES FY 2023 EBITDA AT 721 MILLION ZLOTYS, DOWN 28% YOY
    * OUTLOOK FOR 2023 INCLUDES DIVIDEND PAY-OUT AT 85% OF FY
2022
CONSOLIDATED NET PROFIT
    * SEES FY 2023 CAPEX AT 387 MILLION ZLOTYS
    * ESTIMATED FY 2023 CAPEX INCLUDES ABOUT 174 MILLION ZLOTYS
FOR
CONTINUATION OF PROJECTS STARTED OR PLANNED IN 2022
    * SEES NET DEBT AT END-2023 AT ABOUT 1.44 BILLION ZLOTYS
    * SEES SEES OPERATING COSTS AT 4.76 BILLION ZLOTYS, DOWN BY
ABOUT
7% YOY
    * SEES FY 2023 NET PROFIT LOWER BY ABOUT 7% THAN STRATEGY
ASSUMPTIONS DUE TO HIGHER INTEREST RATES
    * SEES PRESSURE FROM COMPETITION TO IMPACT FY 2023 RESULTS
    * CO'S ALUMINIUM SYSTEMS SEGMENT PLANS TO CONSTRUCT NEW
ARCHITECTURE SYSTEMS PRODUCTION PLANT IN ZLOTOW

Source text for Eikon:  ID:nEMbnLYx4a 
Further company coverage:  KTY.WA 
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