Warning: simplexml_load_file(): rss/gpw_companies_indices.xml:10: parser error : Input is not proper UTF-8, indicate encoding ! Bytes: 0xB3 0x6F 0xB6 0x63 in /equities.pl/klasy/mainpage/EquitiesCompaniesIndices.php on line 15

Warning: simplexml_load_file(): <index><name>ABM Solid SA w upad�o�ci uk�ad</name><short>ABM</short><value_open> in /equities.pl/klasy/mainpage/EquitiesCompaniesIndices.php on line 15

Warning: simplexml_load_file(): ^ in /equities.pl/klasy/mainpage/EquitiesCompaniesIndices.php on line 15
Kety metals posts PLN 28 30 mln net profit on PLN 395 400 mln revenues in Q1, Equities News - EquitiesPoland.pl
Coverage of high-potential mid-market firms in Poland


Kety metals posts PLN 28-30 mln net profit on PLN 395-400 mln revenues in Q1

TAG'S: KETY, Industrial (other)

Listed metal company Kety generated some PLN 28-30 mln group net profit, PLN 43-45 mln EBIT, PLN 62-64 mln EBITDA and 395-400 mln revenues in Q1 2014, the company said in a market filing on Tuesday citing preliminary estimates.


Kety estimated consolidated EBIT grew by 70% y/y, which the company attributed to margins supported by dynamic recovery on the domestic market and continuous export growth, the filing stated. The net profit estimate translates into a 65-80% annual increase.

The firm estimated PLN 395-400 mln top line would constitute an 18% annual increase, the firm also said.

All of the group segments enjoyed revenue growth in Q1, with the construction services and flexible packaging segments up around 10%, the extruded products segment up 22%, the aluminum systems segment up 25% and the construction accessories segment up around 35%, Kety stated calling Q1 a very favorable quarter for all segments of the capital group.

Net debt at end-March will amount to around PLN 200 mln, Kety estimated.

Net financial position is expected to have amounted to a negative PLN 5 mln in Q1 2014, Kety said.

The estimates were based on the assumption of an average EUR/PLN rate of 4.19, average USD/PLN rate of 3.05 and an average quarterly aluminum price of USD 1750/ton, the filing stated.


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!


WSE Indices

WIG20 2324,73 +0,40 % 17:15
WIG 60629,81 +0,19 % 17:15
sWIG80 14126,48 -0,65 % 17:15
NCIndex 259,24 -1,17 % 17:15

WSE Companies

Top 5 Gainers

Warning: Invalid argument supplied for foreach() in /equities.pl/klasy/mainpage/EquitiesCompaniesIndices.php on line 211

Companies temporarily unavailable

Top 5 Losers

Warning: Invalid argument supplied for foreach() in /equities.pl/klasy/mainpage/EquitiesCompaniesIndices.php on line 223

Companies temporarily unavailable