Disclosure of estimated financial results of Grupa Kęty S.A. Capital Group for Q2, 2019

In accordance with the announced calendar of corporate events, the Management Board of Grupa Kęty S.A., hereby discloses in public the estimated financial results for the second quarter of 2019.

The second quarter proved to be even better than the first three months of the year, and better than the corresponding quarter of 2018, in which the Group had generated wonderful results. Despite a significant drop in the aluminium prices, all of the Capital Group Segments recorded higher sales. At the Extruded Products Segment, the estimated growth of revenue amounted to 2%, at the Aluminium Systems Segment the growth is estimated at 14%, and at the Flexible Packaging Segment – at 11%.

As estimated by the Management Board, consolidated sales revenue will amount to PLN 820 million (9% growth) and consolidated operating profit will reach PLN 102 million, which is as much as 8% higher than last year. Consolidated EBITDA (earnings before interest, taxes, depreciation and amortisation) will increase from PLN 126 million last year to PLN 135 million in the current year (+7%). The balance of financing activities in the quarter (costs of interest, foreign exchange gains/losses with regard to balance sheet items valuation, including foreign currency loans) will be negative and will amount to approximately PLN 6 million (in Q.2, 2018 the balance equalled PLN -5.0 million). Estimated consolidated net profit for the quarter will amount to roughly PLN 77 million, which means it will higher than in the corresponding period of last year by 7%. Based on the estimates, at the end of the quarter the Capital Group net debt will amount to approximately PLN 740 million, which is a level similar to the one recorded at the end of the previous quarter.

The above forecast was prepared on the basis of the following assumptions: