Brief: Mostostal Zabrze To Strengthen Financial Position Under Updated Strategy

Mostostal Zabrze SA

31/08/2023 12:13

Aug 31 (Reuters) - Mostostal Zabrze SA  MSZ.WA :
    * UPDATES ITS STATEGY FOR 2023-2026
    * MAIN LONG-TERM GOAL OF STRATEGY IS TO STRENGTHEN FINANCIAL
POSITION VIA FOCUSING ON MOST ATTRACTIVE MARKETS, IMPLEMENTATION
OF EFFECTIVE HR PROCESSES, AND EFFICACY IMPROVEMENT OF ENTIRE
ORGANISATION
    * GROUP WILL NOT ENDORSE TAKING ON BIG CONTRACTS DUE TO
LARGE
STANDALONE RISK
    * INTENDS TO DEVELOP NEW MARKETS, SEGMENTS AND CUSTOMERS
THAT HAVE
APPEARED ON RADAR IN THE LAST THREE YEARS, INCLUDING DATA
CENTERS MARKET, ELECTROMOBILITY, AND CONSTRUCTION OF BATTERY
PLANTS FOR ELECTRIC CARS 
    * PLANS TO SPEED UP TRANSITION TO RENEWABLES, INCLUDING
DECARBONIZATION AND HYDROGEN
    * PLANS TO DEVELOP COMPETENCE IN
IMPLEMENTATION OF HYDROGEN PROJECTS, PV FARMS AND
OPERATION OF RES FACILITIES
    * TO ALSO FOCUS ON INVESTMENT IN COAL AND CRUDE OIL
EXTRACTION
    * PLANS TO GET INVOLVED METALLURGY, VIA INCREASED USE OF
ELECTRIC
FURNACES IN STEEL PLANTS, WHICH WILL UP DEMAND FOR ENERGY
PRODUCTION FROM RENEWABLE SOURCES
    * TO UTILISE CONCEPT OF "PROGRAMMATIC ACQUISITIONS," DEFINED
AS A
CONTINUOUS PROCESS OF PURCHASES OF NO MORE THAN 30% OF ACQUIRING
PARTY'S MARKET VALUE EACH, LEADING TO INCREASE IN MARKET VALUE
OF AT LEAST 30% OVER A 10-YEAR PERIOD
    * GROUP INTENDS TO INVEST IN FIXED ASSETS, ESPECIALLY IN
PHOTOVOLTAIC POWER GENERATION AND IMPROVING ENERGY EFFICIENCY OF
BUILDINGS
    * PLANS TO ESTABLISH PRECAST CONCRETE PLANT
    * PLANS TO SIGN CONTRACTS WITH POSITIVE CASH FLOWS, WHICH
POSITIVELY AFFECTS CASH FLOW OF ENTIRE MOSTOSTAL ZABRZE GROUP
    * GROUP'S MANAGEMENT BOARD INTENDS TO RECOMMEND PART OF
PROFIT FOR
DIVIDENDS OR BUYBACK FOR REDEMPTION, IF VALUATION OF MOSTOSTAL
ZABRZE REMAINS AT CURRENT LOW LEVEL


        
 Further company coverage:  MSZ.WA  

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