Coverage of high-potential mid-market firms in Poland

Article

Boryszew for strong increase in earnings in 2014

TAG'S: BORYSZEW, Industrial (other)

 The following are takeaways from the statement of listed industrials group Boryszew CEO Piotr Szeliga during an earnings conference:

 

ON 2014 OUTLOOK:

 

- Boryszew expects a significant increase in the group`s earnings in 2014;

 

ON STRATEGY:

 

- Boryszew will target achieving a good debt and cash position under the new strategy to be published in Q2 rather than Q1 as expected earlier;

 

ON SEGMENTS:

 

- Boryszew assumes that the automotive segment will reach 10% EBITDA margin in 2-3 years and become the key division of the group with revenues at some EUR 500 mln;

 

- aluminum segment is likely facing a difficult year, but the outlook for the following several years is very good;

 

- copper segment enjoys high sales growth rate, while lead segment is still deeply below expectations;

 

ON REAL ESTATE PROJECT SALE:

 

- the group plans to sell its real estate project in Lucka street in Warsaw to avoid freezing PLN 300-350 mln for two years;

 

ON CREDIT AGREEMENTS:

 

- Boryszew has not violated the covenants of the credit agreements in terms of net debt-to-EBITDA ratio as market analysts feared. Taking into account, among others, that the group includes cash inflows from discontinued operations, the indicator measured some 3.5x rather than 4.2x as of end-2013;

 

ON MEXICAN PLANT:

 

- Boryszew will decide on the launch of a car parts plant in Mexico by June and the potential start would take place in 2015.

2014-02-28



Comments : 0

Add comment

The published comments are private opinions of the users. Biznespolska Media Sp. z o.o. is not responsible for their content. Intelligent and insightful comments most appreciated.

Other News

Photo of the week

Photo of the week

Following an impressive run, PKN Orlen fuel reappoints CEO Wojciech Jasiński to spearhead the company to newer, more challenging waters. Gives him a new three year term!

2017-11-17

WSE Indices


NameValueChangeTime
WIG20 2443,83 +1,36 % 17:15
WIG 63047,02 +1,20 % 17:15
sWIG80 13976,74 +1,16 % 17:15
NCIndex 282,82 -0,76 % 17:15
2017-11-17

WSE Companies


Top 5 Gainers

NameValueChange
MNI0,05+25,00 %
MOSTOSTAL WARSZAWA7,03+15,82 %
ALTA2,86+12,16 %
PCC EXOL1,65+10,00 %
REINHOLD0,21+10,53 %

Top 5 Losers

NameValueChange
PBS FINANSE0,77-9,41 %
WIKANA1,10-8,33 %
HUBSTYLE0,74-7,50 %
DGA5,06-7,33 %
ZAMET INDUSTRY0,92-7,07 %