The Management Board of Grupa Kęty S.A., as scheduled in the corporate events programme, hereby publishes preliminary forecasts concerning the results for the second quarter of 2015.
During the second quarter of 2015, the demand on the market was still encouraging for the biggest segments of the Capital Group. As estimated, the Aluminium Systems Segment will record a 15% growth rate for sales revenue, and the Extruded Products Segment will increase its sales by 20%. The Flexible Packaging Segment will record a 13% growth, and the sale of the Building Accessories Segment remained at the level similar to last year’s figure. The Building Services Segment was the only segment to record a decrease with ca. 20% lower sales than in the corresponding period in the previous year.
The Management Board of Grupa Kęty S.A. projects that consolidated sales revenue will amount to ca. 490-495 million PLN, i.e. it will be higher by ca. 11% than last year’s figure, which means that the growth rate recorded in the first quarter will be maintained. EBIT remains high, which is reflected in operating results comparable to last year’s figures. As forecasted by the Company’s Management Board, consolidated operating profit in the second quarter will amount to 63-65 million PLN, and EBITDA (operating profit plus depreciation and amortisation) will amount to 84-86 million PLN. The balance of the financial operations (costs of interest, exchange rate differences on balance sheet items valuation, including foreign currency loans), due to the stabilization on financial markets, will be positive and amount to ca. 4 million PLN (in the second quarter of 2014, the balance amounted to -2.2 million PLN). As a result, the Company projects that consolidated net profit will amount to ca. 51-53 million PLN, which is comparable to 2014. At the end of June 2015, the net debt of the Capital Group will amount to ca. 200-210 million PLN. The above forecast was prepared on the basis of the following assumptions.
Q2 2014 Q2 2015 (forecast) Change
average EUR/PLN exch. rate in the quarter 4.17 4.09 – 2%
average USD/PLN exch. rate in the quarter 3.04 3.69 +21%
average 3M al. price in the quarter 1,836 USD/t 1,795 USD/t -2%
