Fast development pace

Consolidated sales revenue for this period amounted to 811.6 million PLN (a 13% increase) and consolidated net profit amounted to 83.2 million PLN (an 8% increase).

The utilisation of production capacity is still being maintained at a very high level (above 90%), stimulated by high demand for products and translating to sales growth exceeding 10% in all of Grupy Kęty’s segments.

In the Extruded Products Segment sales revenue for the third quarter of 2018 amounted to 351.9 million PLN and was 15% higher than for the same period of last year, mainly due to an increase in sales volumes (in tonnes) and product prices resulting from the higher cost of raw materials.

A continuing favourable economic situation in the Aluminium Systems Segment and a high number of orders both at home and abroad led to a 12% increase in sales for the segment in the third quarter of 2018 as compared to the same period of last year. Particularly dynamic growth was reported on the domestic market, where sales for this period grew by 22%. It is expected that good economic conditions will continue over the coming quarters, stimulated among other things by a slow recovery of sales margins by contractors on the domestic market and also optimistic forecasts for export markets.

The Flexible Packaging Segment also reported an 11% increase in sales revenue for this review period despite production overcapacity in the sector on the domestic market, as well as price pressure combined with clients’ unwillingness to fully assume the increase in raw material prices, which in consequence leads to a focus on sales on foreign markets and an increase in exports.