Profil:
Grupa Kęty SAKety metals CAPEX for 2024 at approx. PLN 250 - 270 mln, lower than previously planned
Listed metals group Kety expects this year's CAPEX to be lower than previously planned at approximately PLN 250 to 270 million (EUR 57.6 - 62.2 mln), Rafal Warpechowski, the group's management board member and financial director told a videoconference.
"We are planning a CAPEX of PLN 50 to 70 million for the fourth quarter (...). I think that, compared to the forecast of over PLN 300 million in the scope of the year, we will be closer to an amount of PLN 250 million, maybe 270 million when it comes to the expenditures," Warpechowski said.
The group's investment expenditures after three quarters of 2024 amounted to PLN 228 million (EUR 52.5 mln). The forecast assumed spendings at PLN 304 million (EUR 70 mln).
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