Zabka full-year results due March 24
Adjusted EBITDA seen at 984 mln zlotys
GDANSK, March 21 (Reuters) - Polish convenience store chain Zabka ZAB.WA is expected to report an 18% increase in fourth-quarter adjusted EBITDA at 984 million zlotys ($254.20 million), a Reuters poll showed on Friday.
Zabka is expected to report revenues of 5.95 billion zlotys, an increase from 5.04 billion zlotys a year ago, driven by organic growth and the expansion of its store network.
Analysts from five banks and brokerages on average expect Zabka to report fourth-quarter net profit of 262 million zlotys, up from 209 million zlotys in the same period last year.
Preliminary figures published by the company on January 17 showed like-for-like (LFL) sales growth for 2024 was 8.3%, driven by higher volumes and basket value throughout the year.
Full-year results are due on March 24.
The group made its debut on the Warsaw Stock Exchange in October 2024 with a 6.45-billion-zloty IPO, and following the trading session on March 21, joined Poland's blue-chip index, the WIG20.
The following table summarises analysts' forecasts for Zabka for the fourth quarter of 2024:
(Figures in millions of zlotys unless stated otherwise)
NET PROFIT
ADJ.EBITDA
REVENUE
EBIT
Average
262
984
5945
514
Median
243
985
5943
514
Lowest
187
979
5908
508
Highest
366
988
6001
520
No. of forecasts
5
4
5
4
Q4 2023
209
836
5035
418
Q3 2024
319
1119
6578
664
Forecasts provided by: Trigon, Pekao, mBank, Santander Bank, BDM
($1 = 3.8709 zlotys)
(Reporting by Julia Kotowska; Editing by Shreya Biswas)
((julia.kotowska@thomsonreuters.com))