Earnings Poll: Orange Polska Q3 net profit seen down 88% y/y

Ipopema Securities SA

21/10/2022 13:41

* 
      Results due Oct. 24, after market close
    

        * 
      Average forecast sees Q3 net profit at 185 mln zlotys
    

  
       GDANSK, Oct 21 (Reuters) - The Polish arm of France's
Orange  ORAN.PA  is expected to post an 88% drop in
third-quarter net profit after the year-earlier figure was
boosted by a one-off gain from the sale of a 50% stake in its
fiber infrastructure, a Reuters poll showed on Friday. 
    Orange Polska  OPL.WA , Poland's largest telecoms operator,
is expected to report a net profit of 185 million zlotys ($37.5
million) for the quarter and 553 million zlotys ($112.1 million)
for the first nine months of the year, according to the average
forecast from eight banks and brokerages. 
    EBITDAaL, or earnings before interest, tax, depreciation and
amortisation after leases, excluding gains on the disposal of
assets, is expected to come in at 786 million zlotys.
    The following table summarises analysts' forecasts:   
    (Figures in millions of zlotys unless stated otherwise)
                       THIRD QUARTER OF 2022:    
                  Net result      EBIT     EBITDAaL   Revenues
Median                184         307        787        3,056
Average               185         310        786        3,057
Lowest                171         298        779        3,043
Highest               207         328        792        3,070
Number of             8            8         8            8 
forecasts                                              
Q3 2021               1,586       1,856     791        2,885
Q2 2022               243         337       798        3,055
Forecasts provided by: Erste Securities, Wood&Co., Trigon DM,
Ipopema Securities, DM BOS, Haitong IB, Santander BM, Pekao IB.
($1 = 4.9312 zlotys)
 (Reporting by Patrycja Zaras; Editing by Mark Potter)
 ((patrycja.zaras@thomsonreuters.com; +48 697 87 05 04))