Declared Dividend • May 20
Dividend of zł49.05 announced Shareholders will receive a dividend of zł49.05. Ex-date: 18th August 2026 Payment date: 4th November 2026 Dividend yield will be 19%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Apr 22
Grupa Kety S.A. announces Annual dividend, payable on November 04, 2026 Grupa Kety S.A. announced Annual dividend of PLN 32.7000 per share payable on November 04, 2026, ex-date on August 18, 2026 and record date on August 19, 2026. Annuncio • Aug 21
Grupa Kety S.A. announces Annual dividend, payable on November 05, 2025 Grupa Kety S.A. announced Annual dividend of PLN 38.7700 per share payable on November 05, 2025, ex-date on August 19, 2025 and record date on August 20, 2025. Annuncio • Apr 24
Grupa Kety S.A. announces Annual dividend, payable on November 05, 2025 Grupa Kety S.A. announced Annual dividend of PLN 32.0000 per share payable on November 05, 2025, ex-date on August 19, 2025 and record date on August 20, 2025. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: zł15.15 (vs zł18.76 in 3Q 2023) Third quarter 2024 results: EPS: zł15.15 (down from zł18.76 in 3Q 2023). Revenue: zł1.36b (up 3.3% from 3Q 2023). Net income: zł147.5m (down 19% from 3Q 2023). Profit margin: 11% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Annuncio • Sep 03
Grupa Kety S.A. (WSE:KTY) completed the acquisition of Selt Sp. Z O.O. from two unknown individuals. Grupa Kety S.A. (WSE:KTY) signed a preliminary agreement to acquire 100% stake in Selt Sp. Z O.O. from two unknown individuals for PLN 420 million on June 14, 2024. The total shares in Selt Sp consists of 0.211815 million representing 100% stake. In the Agreement, the Parties decided that the sales price of the company shares will be equivalent to the value of the Company’s enterprise agreed by the Parties, amounting to PLN 420 million, which will be reduced for the value of the net debt. As of May 31, 2024, the estimated value of the net debt of the company amounting to PLN 40 million, the net Sales Price would amount to PLN 380 million. It has been planned that the transaction will be financed from bank loans and the Issuer’s own funds. In the opinion of the Issuer’s management board, the completion of the transaction will enable the maintenance of safe financial ratios, and shall not have a major effect on the binding dividend policy. The transaction closure and transfer of the ownership title to the shares based on a separate promised sales agreement, which is intended to be signed on or before October 25, 2024, depends on obtaining anti-monopoly permits from the anti-monopoly authorities in the Czech Republic and Austria by September 30, 2024, which affects the determination of the date when the promised shares sales agreement will be signed. If the Additional agreements and the preconditions are not fulfilled on or before October 7, 2024, the agreement shall expire without any contractual liabilities against the counterparty or any third party. SELT Sp. z o.o. is one of the leaders on the Polish market of sun protection systems manufacturing, with revenue of roughly PLN 280 million. The estimated value of EBITDA (profit on operating activities plus depreciation) for the year 2023, reflecting the current structure of the company’s assets, in consideration of the effects of synergy post the transaction, is roughly PLN 42 million. As on August 28, 2024, a loan agreement was signed with Powszechna Kasa Oszczednosci Bank Polski S.A. for a total amount of PLN 350 million. The loan amount will be allocated in 100% to the purchase of shares in Selt Sp. z o.o.
As of July 19, 2024, Poland's Office of Competition and Consumer Protection (UOKiK) has granted the approval for the take over of Selt Sp. by Grupa Kety S.A. The completion of the transaction is subject to obtaining concentration approval from Austria's anti-trust office by October 7, 2024. Grupa Kety has stated that it is not required to seek concentration approval from the Czech Republic, contrary to one of the two additional conditions outlined in the agreement. As of August 21, 2024, Grupa Kety Meets Second Condition Precedent For Acquisition Of Selt. Bernadeta Kasztelan-Swietlik and Karolina Olszewska of GESSEL acted as legal advisors to Grupa Kety S.A. (WSE:KTY) in obtaining competition clearance for its takeover.
Grupa Kety S.A. (WSE:KTY) completed the acquisition of Selt Sp. Z O.O. from two unknown individuals on September 2, 2024. Upcoming Dividend • Aug 13
Upcoming dividend of zł55.40 per share Eligible shareholders must have bought the stock before 20 August 2024. Payment date: 06 November 2024. Payout ratio and cash payout ratio are on the higher end at 94% and 89% respectively. Trailing yield: 7.1%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (4.3%). Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: zł17.15 (vs zł15.64 in 2Q 2023) Second quarter 2024 results: EPS: zł17.15 (up from zł15.64 in 2Q 2023). Revenue: zł1.30b (down 2.4% from 2Q 2023). Net income: zł166.4m (up 10% from 2Q 2023). Profit margin: 13% (up from 11% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Annuncio • May 31
Grupa Kety S.A. Announces Dividend for 2023, Payable on September 4, 2024 and November 6, 2024 Grupa Kety S.A. announced at dividend date is August 21, while the dividend payment will be made in two tranches: on September 4 for an amount of PLN 183.9 million (EUR 43.24 million) and on November 6, 2024, for PLN 355.3 million (EUR 96.3 million). The payment on September 4 will result in a dividend of PLN 18.90 (EUR 4.44) per share, while the payment on November 6 will result in a dividend of PLN 36.51 (EUR 8.58) per share. Declared Dividend • Apr 24
Dividend of zł55.70 announced Shareholders will receive a dividend of zł55.70. Ex-date: 20th August 2024 Payment date: 6th November 2024 Dividend yield will be 28%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is not covered by earnings (109% earnings payout ratio). However, it is covered by cash flows (82% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 21% to bring the payout ratio under control. EPS is expected to grow by 34% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Buy Or Sell Opportunity • Apr 04
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to €183. The fair value is estimated to be €150, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 5.8%. For the next 3 years, revenue is forecast to decline by 0.4% per annum. Earnings are forecast to grow by 8.9% per annum over the same time period. Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: zł55.86 (vs zł70.30 in FY 2022) Full year 2023 results: EPS: zł55.86 (down from zł70.30 in FY 2022). Revenue: zł5.22b (down 12% from FY 2022). Net income: zł539.1m (down 21% from FY 2022). Profit margin: 10% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Nov 25
Now 20% undervalued Over the last 90 days, the stock is up 8.0%. The fair value is estimated to be €201, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings is also forecast to grow by 5.5% per annum over the same time period. Buying Opportunity • Nov 09
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.3%. The fair value is estimated to be €197, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings is also forecast to grow by 5.5% per annum over the same time period. Reported Earnings • Oct 23
Third quarter 2023 earnings released: EPS: zł18.76 (vs zł17.67 in 3Q 2022) Third quarter 2023 results: EPS: zł18.76 (up from zł17.67 in 3Q 2022). Revenue: zł1.31b (down 13% from 3Q 2022). Net income: zł181.0m (up 6.2% from 3Q 2022). Profit margin: 14% (up from 11% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Annuncio • Sep 17
Grupa Kety S.A. Appoints Roman Przybylski Its Deputy CEO Responsible for Investments and Development as of January 2024 Grupa Kety S.A. appointed Roman Przybylski its deputy CEO responsible for investments and development as of January 2024. Przybylski has acted as a deputy CEO of furniture maker Nowy Styl International since March 2023. Buying Opportunity • Aug 30
Now 25% undervalued Over the last 90 days, the stock is up 9.2%. The fair value is estimated to be €184, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings is also forecast to grow by 6.7% per annum over the same time period. Upcoming Dividend • Aug 14
Upcoming dividend of zł62.50 per share at 2.7% yield Eligible shareholders must have bought the stock before 21 August 2023. Payment date: 08 November 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (8.5%). Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: zł15.64 (vs zł25.49 in 2Q 2022) Second quarter 2023 results: EPS: zł15.64 (down from zł25.49 in 2Q 2022). Revenue: zł1.35b (down 18% from 2Q 2022). Net income: zł151.0m (down 39% from 2Q 2022). Profit margin: 11% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Annuncio • Dec 22
Grupa Kety S.A. Provides Earnings Guidance for the Full Year 2023 Grupa Kety S.A. provided earnings guidance for the full year 2023. For the period, the company expects revenues to be PLN 5,271 million, EBIT to be PLN 537 million and net profit to be PLN 388 million. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €97.70, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Metals and Mining industry in Europe. Total loss to shareholders of 19% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €172 per share. Annuncio • Dec 10
Grupa Kety S.A. to Report Q4, 2022 Results on Dec 20, 2022 Grupa Kety S.A. announced that they will report Q4, 2022 results at 5:30 PM, Central European Standard Time on Dec 20, 2022 Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: zł17.67 (vs zł17.33 in 3Q 2021) Third quarter 2022 results: EPS: zł17.67 (up from zł17.33 in 3Q 2021). Revenue: zł1.52b (up 22% from 3Q 2021). Net income: zł170.5m (up 2.0% from 3Q 2021). Profit margin: 11% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 3.2% decline forecast for the Metals and Mining industry in Europe. Annuncio • Oct 21
Grupa Kety S.A. Provides Earnings Guidance for the Year 2022 Grupa Kety S.A. provided earnings guidance for the year 2022. For the year, the company expects Net profit to be PLN 642 million. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: zł25.49 (vs zł16.77 in 2Q 2021) Second quarter 2022 results: EPS: zł25.49 (up from zł16.77 in 2Q 2021). Revenue: zł1.66b (up 44% from 2Q 2021). Net income: zł246.0m (up 52% from 2Q 2021). Profit margin: 15% (in line with 2Q 2021). Over the next year, revenue is expected to shrink by 7.7% compared to a 25% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €110, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 5x in the Metals and Mining industry in Europe. Total loss to shareholders of 21% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €183 per share. Upcoming Dividend • Jul 01
Upcoming dividend of zł52.37 per share Eligible shareholders must have bought the stock before 08 July 2022. Payment date: 11 October 2022. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 8.6%. Within top quartile of German dividend payers (4.5%). In line with average of industry peers (9.1%). Annuncio • May 27
Group Kety Announces Dividend, Payable on August 2, 2022 and October 11,. 2022 group Kety will pay shareholders PLN 505.4 million in dividend from 2021 earnings, Rights will be set on July 11, with payment to follow in two tranches: PLN 168.4 million on August 2, 2022 and PLN 337.0 million on October 11, 2022. Annuncio • Apr 23
Kety Metals Recommends Dividend for the Year of 2021 Payable on August 2, 2022 and October 11, 2022 Kety Metals recommended that shareholders take PLN 52.4 dividend per share from a lion's share of the 2021 profit, or PLN 505.7 million in total. Rights would be set on July 11, 2022, according to the recommendation. Management proposed to pay the dividend in two tranches: PLN 17.45 DPS on August 2 and PLN 34.95 on October 11. Annuncio • Mar 23
Grupa Kety S.A., Annual General Meeting, May 25, 2022 Grupa Kety S.A., Annual General Meeting, May 25, 2022. Annuncio • Feb 26
Kety Metals Suspends Production at Ukrainian Plant Kety suspended production at its Ukrainian plant in Borodianka, but sees no impact from the move on deliveries to clients in other countries. The Borodianka plant, located 50 km away from Kyiv, produces aluminum profiles. Kety sells a meare 3% of its production in Ukraine, Russia and Belarus. Reported Earnings • Oct 21
Third quarter 2021 earnings released: EPS zł17.33 (vs zł13.40 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: zł1.25b (up 35% from 3Q 2020). Net income: zł167.2m (up 30% from 3Q 2020). Profit margin: 13% (in line with 3Q 2020). Annuncio • Sep 24
Grupa Kety Unsponsored ADR to Be Deleted from Other OTC Grupa Kety S.A. Unsponsored ADR (Poland) will be deleted from Other OTC effective from September 23, 2021, due to ADR /GDR Program Terminated. Annuncio • Sep 08
Kety Group Has Bidders for the Flexible Packaging Segment Grupa Kety S.A. (WSE:KTY) (Kety Group) has received bids as part of the process of gauging potential investor interest in the acquisition of the group's Flexible Packaging Segment and potentially selling this segment. The group reports that the bidders are entities operating on an international scale with experience in mergers and acquisitions. The group's Management Board has assured that it will analyse the bids, including in terms of pricing, and will decide on this basis whether to go ahead with the process or whether to terminate it. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS zł16.77 (vs zł12.62 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: zł1.16b (up 30% from 2Q 2020). Net income: zł161.8m (up 34% from 2Q 2020). Profit margin: 14% (in line with 2Q 2020). Annuncio • May 13
Grupa Kety S.A. Announces Dividend for 2020, payable on June 18, 2021 and August 31, 2021 Grupa Kety S.A. will pay ca. PLN 430.2 million dividend from 2020 and prior earnings, practically in line with the management's recommendation, resolutions adopted at a GM show. The figure includes PLN 295.9 million from 2020 net profit, i.e. almost the entire profit for the year, and PLN 134.2 million from retained earnings. Kety confirmed May 31 as dividend rights day. The payment will come in two tranches: PLN 129.0 million on June 18 and PLN 301.1 million on August 31, also matching earlier plans. Annuncio • May 08
Metals Group Kety Provides Revenue Guidance for the Second Quarter and Full Year of 2021 Metals group Kety provided revenue guidance for the second quarter and full year of 2021. For the quarter, the company expects revenue to be over PLN 1 billion.
For the year, the company expects revenue to be PLN 4 billion. Reported Earnings • May 06
Full year 2020 earnings released: EPS zł44.80 (vs zł30.85 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: zł3.57b (up 11% from FY 2019). Net income: zł430.2m (up 46% from FY 2019). Profit margin: 12% (up from 9.2% in FY 2019). The increase in margin was driven by higher revenue. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS zł44.80 (vs zł30.85 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: zł3.53b (up 9.7% from FY 2019). Net income: zł430.2m (up 46% from FY 2019). Profit margin: 12% (up from 9.2% in FY 2019). The increase in margin was driven by higher revenue. Annuncio • Mar 26
KETY Provides Earnings Guidance for the First Quarter of 2021 KETY provided earnings guidance for the first quarter of 2021. For the period, the company expected revenue of PLN 980 million compared to PLN 829 million a year ago. EBIT of PLN 149 million compared to PLN 108 million a year ago. Net profit of PLN 118 million compared to PLN 83 million a year ago. Annuncio • Mar 06
Grupa Kety S.A., Annual General Meeting, May 12, 2021 Grupa Kety S.A., Annual General Meeting, May 12, 2021. Annuncio • Feb 12
Grupa Kety Reportedly Considers Selling Its Flexible Packaging Segment Grupa Kety S.A. (WSE:KTY) is considering selling its flexible packaging segment which comprises three packaging producers, Alupol Packaging SA, Alupol Packaging Kety Sp. Z O.o. and Alupol Films Sp. Z O.O. Consulting services regarding the possible sale will be provided to Grupa Kety by Rothschild & Co SCA. It is emphasised that no final decisions have been taken yet although disinvestment in the segment is included in Kety's 2021-2025 strategy adopted in December 2020.