Brief: OT Logistics Updates Mid-Term Stabilisation And Development Strategy For 2020-2023

OT Logistics SA

05/03/2021 07:36

March 5 (Reuters) - OT Logistics SA  OTSL.WA :
    * SAID ON THURSDAY SUPERVISORY BOARD HAS APPROVED 2021
FINANCIAL
PLAN ASSUMPTIONS AS AN UPDATE OF GROUP'S MID-TERM STABILISATION
AND DEVELOPMENT STRATEGY FOR 2020-2023  urn:newsml:reuters.com:*:nFWN2F11SE
    * THE SUPERVISORY BOARD ALSO POSITIVELY EVALUATED EFFECTS OF
THE
2020 RESTRUCTURING MEASURES, WHICH WILL SIGNIFICANTLY IMPROVE
OPERATIONAL RESULTS IN 2021 AND BEYOND
    * SAVINGS FROM THE REDUCTION OF SELLING AND ADMINISTRATIVE
COSTS
IN RELATION WITH RESTRUCTURING, WILL AMOUNT TO OVER -11 MILLION
ZLOTYS AT THE GROUP'S CONSOLIDATED LEVEL, OF WHICH OVER -9
MILLION ZLOTYS IN OTL 
    * SEES INCREASE IN 2021 SALES IN HYDROTECHNICAL ACTIVITY
(KEY
ACTIVITY) BY ABOUT 10% COMPARED TO 2020, WITH SIMULTANEOUS
INCREASE IN MARGIN LEVEL
    * THE GROUP WILL BE ABLE TO ACHIEVE AN EBITDA EXCEEDING 40
MILLION
ZLOTYS ON THE KEY ACTIVITY AS FROM 2021, EXCLUDING THE RESULT OF
LUKA RIJEKA (LR)
    * THE GROUP IS CONSIDERING ACQUISITION OF AN ENTITY CAPABLE
OF
SUPPORTING THE HYDROTECHNICAL ACTIVITY DEVELOPMENT
    * THE GROUP IS ALSO CONSIDERING THE POSSIBILITY OF
INVESTMENT IN
INCREASING SHARES IN LR AND REGAINING CONTROL OR SELLING PART OR
ALL OF THE SHARES IN LR
    * THE GROUP WILL BE LOOKING FOR OPPORTUNITIES TO SELL SEA,
AIR AND
LAND FREIGHT SEGMENT, CONCENTRATED IN C.HARTWIG GDYNIA

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM6SgYvFa
    
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