Grupa Kety CEO targets annual EBITDA of 1 bln zlotys

Grupa Kety

20/12/2023 13:01

Dec 20 (Reuters) - Poland's Grupa Kety wants to generate
annual EBITDA (earnings before interest, tax, depreciation and
amortisation) of 1 billion zlotys, the aluminium firm's CEO
Dariusz Manko said.
    Grupa Kety  KTY.WA  said on Wednesday it forecasts 2024
EBITDA at 945 million zlotys ($238 million), with revenue of
5.27 billion zlotys and net profit of 567 million zlotys.
    "We would like much more, we would like this billion zlotys,
to appear consistently in subsequent budgets, in future
forecasts. But to do this, we need to develop a good strategy,
we need to strengthen ourselves with the acquisitions I had
already mentioned," Manko said during a news conference.
    Grupa Kety said it plans to start work on its new strategy,
which will extend beyond 2025, in January next year and plans to
present it next summer.
    The company said its current outlook includes a 2023
dividend payment of 85% of consolidated net profit for 2023,
which is in line with its current dividend policy.  
($1 = 3.9683 zlotys)

 (Reporting by Anna Banacka and Adrianna Ebert; Editing by
Alexander Smith)
 ((anna.banacka@thomsonreuters.com; +48 58 769 65 65;))