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Presentation of 4Q 2006 results

Presentation of 4Q 2006 results. February 2007. Key elements. Further dynamic growth of sales Strong demand for company’s products Merger of Aluprof and Metalplast – start up of building of ALUPROF brand 2007 forecast assumes further development of Grupa Kety in-line with long term strategy.

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Presentation of 4Q 2006 results

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  1. Presentation of 4Q 2006 results February 2007

  2. Key elements • Further dynamic growth of sales • Strong demand for company’s products • Merger of Aluprof and Metalplast – start up of building of ALUPROF brand • 2007 forecast assumes further development of Grupa Kety in-line with long term strategy

  3. Segment’s results – Extruded Products • Increase of sales revenue by about 40% - due to dynamic volume growth and higher sales prices resulting from prices of primary aluminium • Increase of export sales by about 80%. The most developing markets are: Czech Republic, Germany and Italy • Start –up of instalation of main production equipment in Ukrainian production plant – expectat launch of this facility in 1stQ 2007 • Capacity utilisation at the level of 90% - 95%

  4. Segment’s results – Aluminium Systems • Segment’s sales revenues has increased by 60% thanks to high dynamic of export sales and consolidation since February 2006 Aluprof company • More tha 300% increase of export sales. The most developing markets are: Germany, UK, Ukraine and Benelux countries

  5. Segment’s results – Flexible Packaging • Sales revenues higher by 15% in comparison with the 4rdQ of last year • Export sales at the level comparable with 4rdQ 2006 • Capacity utilisation in printing at the level of 90% • Start-up of instalation of roto-printer in December

  6. Consolidated results

  7. Key financial figures in 4rd Q 2006

  8. Cost structure • Depreciation - higher depreciation value as a result of the investment projects • Raw materials & Energy - Increasedue to higher raw material prices and beginning of consolidation of Aluprof • External services – cost increase resulting mainly from the cooperation services within the „big project” for aluminium systems and beginning of consolidation of Aluprof • Personal costs – higher cost level due to the increased sales volume and beginning of consolidation of Aluprof • Other operating costs – about 30% of this item is the value of assets wrote off as a result of the fire in Flexible Packaging Segemnt

  9. Working capital management Sales • Growing value of inventories by 30% resulting from higher volume sales and higher prices of raw materials • Growing value of receivables by 27% resulting from record sales revenues in 4rd Q • Higher stocks financed partly by the trade credit from suppliers • Working capital increased by 31% vsy 41% growth of sales revenues Inventories Trade receivables Trade liabilities

  10. Indebtednes ration of the Capital Group Indebtednes • Increase of the debt in 4rd Q mainly due to financing of cepex projects • Nret debt amounts to ca. PLN 255 million • Reduction of EURO denominated debt done at strenghteninig polish currency • Stable operating cash-flow Operating cash-flow Debt currencu strusture – end of 4Q 06

  11. Financial forecast for 2007 * PLN 68,8 millions referes to the payments shifted from 2006 projects

  12. Summary In spite of negative factors influenced company in 2006 (fire, big changes of raw material’s prices) Grupa Kęty has maintained its market position and has reached very good financial results Budget for 2007 will support further growth of the company and in this way it should lead to the higher value of the company for shareholders

  13. THANK YOU IR Contact Michał Malina + 33 81 95 478 lub 600 083 001 mmalina@gk-kety.com.pl www.gk-kety.com.pl

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