Annual Report 2020
Annual Report 2020
Despite the challenges related to COVID-19 pandemic and variable economic environment, year 2020 was paradoxically the best one in the history of Grupa Kęty. Sales revenue amounted to PLN 3.53 billion (growth by 10%), EBITDA amounted to PLN 672.4 million (growth by 29%), and net profit reached PLN 430.2 million (growth by 45%).
Aluprof, representing the Aluminium Systems Segment, improved its position as a European supplier of high quality aluminium systems for construction and is one of the leaders in the sector of aluminium systems in Europe. In 2020, sales revenue of the Sector grew to PLN 1.6 billion (growth by 10%).
By strengthening its leader’s position on the Polish market, and also thanks to greater activity on foreign markets, the Extruded Products Segment improved its sales revenue in 2020 to PLN 1.3 billion (growth by 2%).
In 2020, the Flexible Packaging Segment generated record results, reaching sales revenue of PLN 938 million (growth by 19%), of which PLN 494 million (growth by 28%) was represented by export sales.
Dear Stakeholders,
Year 2020 will surely be remembered by everyone as the year of COVID-19 pandemic. We faced many problems, which not only presented a great challenge to us but also raised very serious worries about the safety and life of people, the availability of jobs, and further operation of companies.
Sales revenue (PLN)
EBITDA (PLN)
Net profit (PLN)
Year 2020 watched record profits. The Company exceeded all 2020 goals: sales revenue was higher by PLN 176 million (growth by 54%); EBITDA was higher by PLN 158 million (growth by 31%), and net profit was higher by as much as PLN 167 million (growth by 64%).
Sales revenue (PLN)
Share price (PLN)
Company capitalisation (PLN)
The perfect financial results for 2020 and the exceeded assumptions of Strategy 2015–2020 contributed to higher by PLN 2 billion capitalisation of the Company, with the total reaching PLN 4.7 billion at the end of 2020. In the reporting period, the share prices of Grupa Kęty grew by roughly 72%, from PLN 285 to PLN 491. Additionally, the Company paid about PLN 1.4 billion dividend.
In effect of the Strategy performance, sales revenue increased by PLN 1.5 billion, to PLN 3.53 billion, of which export sales grew by PLN 867 million. EBITDA grew by over 100%, to PLN 672 million, and net profit by over 105%, to PLN 430 million.
Dividend per one share
Dividend amount (PLN)
The Strategy assumes maintenance of stable dividend policy in the years 2021–2025, in accordance with which 60–100% of accumulated net profit generated in the preceding year shall be paid out to the shareholders.
In the Strategy it has been assumed that the average annual payout will amount to 85% of consolidated net profit generated in the preceding year.
Moreover, the assumption is that in the years 2021–2025 dividend of about PLN 1.7 billion will be paid out, which means a growth of about PLN 0.5 billion compared to the period of 2016–2020. In reference to one share, the amount is going to be about PLN 180, which will provide the shareholders with the average 7% return on shares.
When preparing the recommendation for the General Meeting with regard to the amount of dividend allocated to payout, the Company Management Board shall consider, among other things, the current and expected financial standing of the Capital Group, the amount of dividends to be received by the Company from its subsidiaries, and the value of the actual capital expenditure to be incurred in the year of the dividend payout.
Dividend paid in the years 2018–2020 (PLN)
| 2018 | 228,518,001.18 | 23.94 |
| 2019 | 229,008,831.71 | 23.93 |
| 2020 | 336,654,430.53 | 34.99 |
In 2020, the Capital Group of Grupa Kęty S.A. focused on priority securing of the health and safety of its employees, protection of workplaces and proper functioning of the Company. It also engaged in supporting healthcare services in fighting coronavirus. The Capital Group of Grupa Kęty S.A. donated PLN 660,000 to local hospitals and emergency service.
In the new Strategy disclosed in 2020, the Company parametrised and presented its commitment in the Environmental, Social and Corporate Governance area (ESG) in the form of sustainable development goals.
Reduction by 15% of the value of greenhouse gas emissions per production unit (scope 1 and 2; base year 2016)
Increase to 75% of the share of aluminium scrap in the products made of soft alloys, extruded from low-emission LOW CARBON KETY billets.
We have an ambition to support local communities. By 2025, we shall carry out 150 projects within the ‘Together with the Group’ grants programme
About the report
Download centre
Financial statements
