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Grupa Kęty SAKety metals overlooks improvement on market, counts on better margin in Q2 and Q3
Listed metals group Kety does not see improvement on the market currently, and the second quarter promises to be full of challenges, but assesses that it can cope with them. An improvement in the market situation will allow it to fight for better margins in the second quarter and third quarter, company representatives said during a video conference.
"Poland's stats office GUS data shows that it will be better, that the economy is moving. We don't specifically see that, it's more a question of the work we have done than that the market itself is growing dynamically," CEO Dariusz Manko told a conference.
"We did not notice it, but if it is confirmed, we can expect even better results from the group in the second quarter and third quarter, as there will probably be room to fight for better margins," he added.
In the first quarter of 2025, Kety posted consolidated sales revenues of PLN 1,354 million (EUR 315.6 mln), PLN 228 million (EUR 53.1 mln) EBITDA and PLN 170 million (EUR 39.6 mln) EBIT and attributable net profit of approximately PLN 121 million (EUR 28.2 mln).
"The second quarter will have plenty of challenges, (...) but we seem to be able to cope with them. We will focus on implementing the new strategy and the integration of Selt," management board member and CFO Rafal Warpechowski said.
doa/ nl/ han/
