Annual forecasts
Forecast of selected financial figures and operating results for the year 2024
On 19th December 2023, the Management Board of Grupa KĘTY S.A. disclosed in public a forecast of the selected financial and operating results of the Capital Group for the year 2024.
| Consolidated data (PLN million) | PW2023** | F2024 | Change (%) |
|---|---|---|---|
| Sales revenue | 5 200 | 5 269 | +1% |
| EBITDA* | 852 | 945 | +11% |
| Net profit attributable to owners of the parent | 536 | 567 | +6% |
In 2024, the forecast operating costs will be lower by about 1%, partly due to the assumed lower prices of basic materials and energy, and will reach PLN 4,257 million.
The forecast covers for the payment of dividend amounting to 85% of the consolidated net profit for the year 2023 attributable to owners of the parent, which complies with the binding dividend policy.
The estimated capital expenditure in 2024 will amount to PLN 304 million, including roughly PLN 82 million on projects commenced or planned in 2023.
The forecast net debt level at the end of 2024 will be PLN 1,111 million, and the net debt/EBITDA ratio will reach 1.2.
The complete text of the 2024 forecast as well as video recording and presentation from the teleconference of the Management Board are available below.
Historic forecasts of the selected financial figures and their level of attainment
| Consolidated data (PLN million) | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales revenue | |||||||||||||
| Forecast | 1,510 | 1,683 | 1,735 | 1,962 | 2,145 | 2,500 | 2,893 | 3,205 | 3,314 | 4,550 | 5, 940 | 5, 200 | 5,269 |
| Performance | 1,568 | 1,594 | 1,820 | 2,027 | 2,267 | 2,643 | 2,994 | 3,204 | 3,533 | 4,598 | 5,931 | ||
| Level of attainment | 104% | 95% | 105% | 103% | 106% | 106% | 103% | 100% | 107% | 101% | 100% | ||
| EBITDA* | |||||||||||||
| Forecast | 223 | 223 | 251 | 321 | 360 | 420 | 448 | 524 | 535 | 863 | 980 | 870 | 945 |
| Performance | 224 | 226 | 309 | 336 | 394 | 421 | 464 | 523 | 672 | 900 | 1 031 | ||
| Level of attainment | 100% | 101% | 123% | 105% | 109% | 100% | 103% | 100% | 126% | 104% | 105% | ||
| Net profit attributable to owners of the parent | |||||||||||||
| Forecast | 104 | 105 | 127 | 201 | 245 | 227 | 253 | 294 | 294 | 566 | 642 | 565 | 567 |
| Performance | 117 | 154 | 169 | 210 | 278 | 237 | 268 | 295 | 430 | 595 | 678 | ||
| Level of attainment | 113% | 147% | 133% | 104% | 113% | 104% | 106% | 100% | 146% | 105% | 106% | ||