Brief: Bogdanka Adopts Strategy, To Recommend 50% Net Profit Dividend

Lubelski Wegiel Bogdanka SA

17/05/2023 16:50

May 17 (Reuters) - Lubelski Wegiel Bogdanka SA
 LWBP.WA :
    * ADOPTS STRATEGY FOR 2023-2030 WITH PERSPECTIVE UNTIL 2040
    * UNDER STRATEGY, IT'S CURRENT DIVIDEND POLICY INTENDS TO
RECOMMEND TO AGM DIVIDEND FOR UP TO 50% OF NET PROFIT
    * UNDER NEW STRATEGY AVERAGE PRODUCTION OF COAL IN 2023-2025
WILL
AMOUNT TO ABOUT 9.1 MILLION TONNES, IN 2026-2030 TO ABOUT 10.1
MILLION TONNES, AND IN 2031-2040 TO ABOUT 9.1 MILLION TONNES
    * AVERAGE SALES REVENUE IN 2023-2025 AT 5.90 BILLION ZLOTYS
    * AVERAGE SALES REVENUE IN 2026-2030 AT 5.57 BILLION ZLOTYS
    * UNDER NEW STRATEGY AVERAGE 2023-2025 CAPEX TO AMOUNT TO
ABOUT
1.02 BILLION ZLOTYS, 2026-2030 CAPEX TO ABOUT 1.12 BILLION
ZLOTYS, AND 2031-2040 CAPEX TO ABOUT 426 MILLION ZLOTYS
    * AVERAGE SALES REVENUE IN 2031-2040 AT 4.97 BILLION ZLOTYS
    * UNDER NEW STRATEGY COMPANY AIMS TO ACHIEVE 26% OF ROE IN
2023-2025, 11% IN 2026-2030, AND 3% IN 2031-2040
    * UNDER NEW STRATEGY COMPANY AIMS TO ACHIEVE AVERAGE EBITDA
MARGIN
OF 46% IN 2023-2025, 41% IN 2026-2030, AND, 30% IN 2031-2040
    * UNDER STRATEGY, CO TO SET UP RENEWABLE ENERGY SOURCE
INSTALLATIONS OF ABOUT 500 MW BY 2030, PLANS TO SALE ELECTRICITY
GENERATED FROM GREEN INSTALLATIONS
    * UNDER NEW STRATEGY COMPANY ASSUMES STRENGTHENING OF MARKET
POSITION VIA ACHIEVING OF 58% SHARE OF MARKET OF COAL DELIVERIES
TO POWER INDUSTRY IN 2030
    * LONG-TERM GOAL OF NEW STRATEGY IS TO TRANSFORM COMPANY
INTO
MULTIRESOURCE CONCERN
    * NEW STRATEGY'S ACTIVATOR IS COAL MINING WHICH WILL BE
PERFORMED
UNTIL 2049

Source text for Eikon:  ID:nEM5Gbbqga 
Further company coverage:  LWBP.WA 

 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))