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Grupa Kęty SAKety metals predicts that due to rising market pressures, it might not fully achieve its 2024 earnings forecast
Listed metals group Kety assesses that due to increasing market pressure it may not fully meet its published earnings forecast in 2024, reported the company in its quarterly report.
"Increasing market pressure, in particular in the business area of the Extruded Products Segment, may result in an incomplete fulfilment of the published forecast of the Group's results in 2024," the report said.
"This applies mainly to EBITDA, with the deviation not exceeding, according to the management board's current estimates, 5 percent. Considering the above and the continuing uncertainty regarding market trends until the end of 2024, the 2024 results forecast has not been adjusted at the moment," it added.
The management board said in the report that due to the conclusion of the transaction to acquire 100 percent of Selt, capital expenditure in 2024 and net debt at the end of 2024 will increase by approximately PLN 0.4 billion (EUR 92.3 mln).
"After considering the above amounts and deviations resulting from current operations, the Group's estimated net debt at the end of 2024 will be approximately PLN 1.5 billion and total capital expenditure will be approximately PLN 0.65 billion," it added.
doa/ nl/
