Aluminium has an enormous potential due to its properties, such as durability, corrosion resistance and, above all, complete recyclability. It is a desirable material with a view to climate-neutral economy, and indispensable for the development of renewable energy and electromobility, as well as perfectly suited to the circular economy concept.More
For the future…
...ensuring employee development, effective use of natural resources, safety, environmental protection, long-term economic value.
Year 2022 overview
For another time, we have proven that circumstances perceived by the market as challenges may be transformed into opportunities. Essential for that purpose are: good management, creation of bold ideas and concentration on goodwill building. In the economic slow-down conditions, we have significantly improved sales, mainly on foreign markets. Exports to nearly 56 countries represented as much as 52% of total sales of the Capital Group in 2022. It is a proof that a company of strong regional roots may create modern products, for which there are practically no limits. They enable to transform the key sectors of economy towards zero emissions. The success is created by people. 5.5 thousand of our employees in Poland and abroad deserve esteem and cordial thanks, which I gladly express now.
The financial results generated in 2022 were record high in the history of the KĘTY Capital Group – for the first time the EBITDA ratio exceeded the level of PLN 1 billion.
This reflects high operating efficiency of the Group, specifically in the difficult, fluctuating market environment – 2022 watched an unprecedented commotion due to the military conflict in Ukraine. The cash flows on operating activities were nearly doubled year over year, growing to over PLN 0.7 billion, which enabled both to finance the development projects planned for in the Strategy and maintain the net debt of the Group on the safe level below PLN 1.1 billion.
Also the return on equity (ROE) and the return on assets (ROA) of the Capital Group increased, and in 2022 equalled 35% and 18%, respectively.
The Extruded Products Segment, with its strong position in the European aluminium processing industry, sold roughly 85,000 tons of products in 2022, responding to high market demand. Sales revenue reached PLN 2,451 million (+35% y/y), including PLN 1,263 million from foreign sales (+46% y/y). Revenue growth was based on increases in product sales on the main markets, the optimisation of the customer portfolio and strengthening of the position of foreign companies. The Segment also took measures aimed at effectiveness improvement and extension of processed products manufacturing, also for the automotive industry. Our advantage was also the capability of extruding products from hard alloys, for which the demand was very high throughout 2022.
The Aluminium Systems Segment recorded very good financial results in 2022. The consolidated revenue of the Segment reached PLN 2,440 million and was higher by 22% y/y. Domestic sales increased by 23%, and foreign markets sales were higher by 22% y/y. Aluprof strengthened its position as one of the leaders in the aluminium systems industry in Europe, following the path of dynamic development in every area of its business (not only related to manufacturing and products, but also to customers and marketing). In 2022, we launched the production of fire glass within the Glassprof company, which complements the Segment portfolio with fire-safety solutions for public buildings, and fills in a niche which ensures perspectives for Aluprof further growth.
Record high foreign sales
In the difficult 2022 environment the Group generated record high consolidated sales. Exports grew by 34% y/y, and in effect, the share of foreign sales in 2022 was as high as 52%.
The financial results achieved in 2022 were the highest in the history of Grupa KĘTY S.A. This refers to all operating segments.
The ambition of the segments is to maintain sales growth in the conditions of economic downturn. We also hope to increase the production capacity of assets and attract new customers within a short-term perspective.
Modern world invariably poses great challenges with regard to environmental protection, effective use of natural resources, or impact on the climate. The challenges refer to all, however, the business and production companies have the most to say.
Direct and indirect GHG emissions (Scopes 1 and 2/location based) of the Capital Group companies located in Poland (MG CO2e/year)
The Capital Group engages in the communities of the areas where its companies are located. We have a real influence on our environment. We want to create positive change and, therefore, together with our employees who form local communities, we respond to challenges and needs and contribute to the region’s development.More
We are guided by the idea of caring for the entrusted assets. By way of taking management decisions, we have a real influence on the value of the shares of our Company and the generated financial results.More