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Kety metals hikes 2013 net profit guidance to PLN 155 mln from PLN 117 mln

TAG'S: KETY, Metals Industry

 

Listed metals firm Kety hiked 2013 net profit guidance to PLN 155 mln from PLN 117 mln previously, as the company will record tax gain of PLN 21.2 mln tax gain and has record-high level of orders in Q4, Kety said in a market filing.

 

The tax gain, to be booked in Q4, is tied to an earlier-than-expected investment process of Kety`s unit Alupol in the KSSE special economic zone, the company noted.

The guidance upgrade is also tied to the record-high order portfolio in Q4.

 

KETY GUIDANCE REVISION

 

[in mln PLN] prior guidance* new guidance change
Revenues 1 550 1600 3%
EBITDA 214 233 9%
EBITDA margin 13,8% 14,5% -
EBIT 135 150 11%
net profit 117 155 32%

 

* - guidance from September 25, revising earlier February forecast;

 

The guidance is based on the assumption of end-year EUR/PLN rate of 4.20 and USD/PLN rate of 3.15.

2013-11-17



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