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Grupa Kęty SAKety metals sees potential for growth in acquired company Selt, primarily in foreign sales
Listed metals group Kety sees potential for growth in the acquired company Selt, primarily in foreign sales, group representatives told a video conference following the release of the second quarter's financial report.
"There were no big surprises [after the acquisition of Selt - PAP ed.], rather a confirmation of our assumptions and what we thought when deciding on this acquisition," CEO Roman Przybylski told the conference.
"Selt's business is seasonal, so this did not surprise us in the company itself, but we were surprised by the Polish summer (...) I assume that with better weather, Selt's sales and results could have been better," he added.
CEO Przybylski assessed that there is still potential for growth in increasing Selt's sales within the entire Kety group, in particular through its foreign structures.
"It is a time-consuming process, but we are working on it - we are preparing operationally, as a team, through training, and we are meeting with customers. This is potential that we will want to explore to a greater extent in the coming months and years," he added.
In September 2024, Kety concluded an agreement to purchase shares in Selt, a company operating in the market for the production of sun protection systems.
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