Grupa Kęty 148 that it will record a net profit in Q1 2022

Grupa Kęty estimates PLN 1,500 million of consolidated sales revenues, PLN 230 million of EBITDA, PLN 190 million of net operating profit and PLN 148 million of net profit in Q1 2022, which is an increase of 52% and 15%, respectively , 17% and 8% y / y, the company said.

“In the opinion of the management board, 2022 began with a high level of demand for products offered by the segments of the capital group, despite the persistently high prices of basic raw materials. Unfortunately, this prospect was interrupted by the outbreak of the war in Ukraine, which contributed to a further, sharp increase in the prices of raw materials and increased uncertainty as to the market situation. Despite this, the management board assumes high sales dynamics in the first quarter and, as a result, the achievement of approx. PLN 1,500 million of consolidated sales revenues, which will be a result over 50% higher than in the first quarter of last year. This result will be achieved thanks to higher volume sales and adjustment of product prices to growing costs, including mainly raw materials (eg the price of aluminum expressed in PLN increased by approx. 65%) ”- reads the release.

Grupa Kęty is the parent company of the capital group that conducts business in three operating segments: the Extruded Products Segment (EPS), the Aluminum Systems Segment (ASS) and the Flexible Packaging Segment (FPS). The company has been listed on the WSE since 1996. Its consolidated sales revenues reached PLN 3.55 billion in 2020.

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