Integrated Report 2023

About Grupa Kęty

  • GRI 2-1
  • GRI 2-2
  • GRI 2-6

Grupa KĘTY S.A. (hereinafter referred to as the Company or the Issuer) is a parent of the Capital Group of Grupa KĘTY S.A. (hereinafter referred to as the Capital Group), composed of three business segments operating in the following areas:

Production and sales of aluminium profiles and components used in construction, automotive business, transport, electrical engineering and many other sectors.

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Production and sales of aluminium façades, doors and windows, internal structures as well as external aluminium roller shutters and roll-up gates for the construction business.

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Production and sales of printed flexible packaging and BOPP films for food manufacturers and other sectors.

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Diversification of activities in the three areas of various natures and customer groups reduces the market risk resulting from economic volatility in the particular industries, and improves the stability of the Capital Group financial performance.

The Capital Group of Grupa KĘTY S.A. is an international concern with approximately 5,500 employees and 14 foreign companies, selling products to over 4,500 customers on over 60 markets. In 2023, more than half of the PLN 5.2 billion Capital Group’s sales revenue was invested outside Poland, specifically on the European market, where 47% of sales are generated, including 40% in the European Union member states, such as Germany, the Czech Republic, the United Kingdom and the Netherlands. Outside Europe sales are generated in the United States, Vietnam, Saudi Arabia and the United Arab Emirates, among others.

5,500
Employees
14
Foreign companies
4,500
Product recipients

The Capital Group has 12 production plants, out of which four belong to the EPS and are located in Kęty, Tychy, Borodianka (Ukraine) and Slovenska Bistrica (Slovenia), five belong to the ASS and are located in Bielsko-Biała, Złotów, Opole, Goleszów and Ogrodzona, and three belong to the FPS and are located in Kęty, Tychy and Oświęcim. The Capital Group has its in-house Research and Development Centre based in Kęty, within the Extruded Products Segment, as well as the Research and Innovation Centre in Ogrodzona, within the Aluminium Systems Segment.

Major events and achievements

Year 2023 was special to the Capital Group owing to the 70th anniversary of Grupa KĘTY.  On that occasion, the Company celebrations were combined with community engagement activities.

‘70 local projects for 70 years of Grupa KĘTY’ was the motto of the 9th edition of the ‘Together with the Group’ programme. The voluntary engagement of the staff and the financial means provided by Grupa KĘTY S.A. translated into 70 various-area projects promoting education through sports, supporting education, or contributing to the development of interests and passions among children and youths, and many others. Detailed information and summary of the programme are provided in the report on the 9th edition of the ‘Together with the Group’ programme available on the corporate website.

Another jubilee project carried out in the years 2021-2022 was the initiative of ‘70 thousand trees for 70 years of Grupa KĘTY’. Together with our employees and the children under the care of the ‘Grupa Kęty for the Children of the Podbeskidzie Region’ Foundation, the Arka Ecological Foundation, and the local Forestry Departments, we planted 70 thousand tree seedlings, which complies with our mission ‘For the future…’.

This exceptional year was also full of other major events for the Capital Group related to its operations, finance and corporate affairs. Among them was the appointment of a new member of the Management Board of Grupa KĘTY S.A., Mr Roman Przybylski, changes in the shareholding structure of the Issuer owing to the consolidation on the market of universal pension funds, entry of the shares of Grupa KĘTY S.A. into the MSCI Poland (Small Cap) index, payout of historically record-high dividend by the Company, as well as performance of strategic projects, including those in the green energy area.

The companies of the Capital Group were awarded a series of prizes and honourable titles. Grupa KĘTY S.A. won the 3rd place in the ‘Investor Relations’ category of the 24th edition of the oldest capital market ranking of the Best Listed Companies. It was also awarded the title of the ‘Hero of the Capital Market’ in the category of dividend-paying WIG20 and mWIG40 companies. Aluprof S.A. was honoured with the title of ‘The Building Company of the Year’, while its CEO and member of the Management Board of Grupa KĘTY S.A. Mr Tomasz Grela obtained the title of the ‘Personality of the Sector’.

Event Date Additional information
Q.1, 2023
The Management Board of Grupa KĘTY S.A. received from PTE Allianz Polska S.A., managing the Allianz Polska Otwarty Fundusz Emerytalny (hereinafter referred to as Allianz OFE) and Allianz Polska Dobrowolny Fundusz Emerytalny (hereinafter referred to as Allianz DFE), a notification stating that as a result of merger with Aviva PTE Aviva Santander S.A., managing the Drugi Allianz Polska Otwarty Fundusz Emerytalny (hereinafter referred to as Drugi Allianz OFE) the percentage of the share capital held and the total number of votes at Grupa KĘTY S.A. in the Allianz OFE, Allianz DFE and Drugi Allianz OFE accounts grew over 15%. 5 January Current report No. 1/2023
Aluprof S.A. counted in the Top 10 largest manufactures of construction materials in Poland, in the ranking created by the Builder Polska magazine and Dun & Bradstreet, in liaison with PwC Polska. 18 January https://www.pwc.pl/pl/pdf-nf/2023/RANKING_BUILDER_PRODUCENCI_IV.pdf
The Management Board of Grupa KĘTY S.A. received from Generali PTE S.A. (hereinafter referred to as Society), managing Generali Otwarty Fundusz Emerytalny (hereinafter referred to as Generali OFE) and Generali Dobrowolny Fundusz Emerytalny (hereinafter referred to as Generali DFE), a notification stating that as a result of management take-over by the Society of the NN Life Otwarty Fundusz Emerytalny (hereinafter referred to as NN Life OFE) and NN Life Dobrowolny Fundusz Emerytalny (hereinafter referred to as NN Life DFE) on 1 February 2023, the share in equity of Grupa KĘTY S.A. and the total number of votes recorded in the accounts of the funds of Generali OFE, Generali DFE, NN LIFE OFE, and NN Life DFE exceeded the threshold of 5%. 3 February Current report No. 3/2023
Grupa KĘTY S.A. took the third position in the ‘Investor Relations’ category of the 24th edition of the oldest and most prestigious capital market ranking of the Best Listed Companies. The companies are selected by 100 stock analysts, investment advisers and managers, who represent brokerage houses, pension funds and investment funds. 20 March https://gsr.pb.pl/
A series of prizes and honourable titles for Aluprof S.A. (a subsidiary of Grupa Kęty S.A.), including: 8th position among 100 largest manufactures of construction materials in Poland, developed in liaison with PwC by the Builder Polska magazine and Dun & Bradstreet; a golden emblem of the ‘Consumer Quality Leader 2023’ in the category of ‘Aluminium profiles and systems’; honours in the competition organised by the Builder magazine in the category of ‘The Building Company of the Year’ and the title of the ‘Personality of the Sector’ for Tomasz Grela, CEO of Aluprof S.A. 31 March https://aluprof.com/firma/aktualnosci/aluprof-pnie-sie-w-gore-kolejne-biznesowe-i-branzowe-wyroznienia-potwierdzeniem-silnej-pozycji-spolki
Q.2, 2023
The Management Board of Grupa KĘTY S.A. received from PTE Allianz Polska S.A., managing the Allianz Polska Otwarty Fundusz Emerytalny (hereinafter referred to as Allianz OFE) a notification informing that on 12 May 2023, as a result of liquidation of Drugi Allianz Polska Otwarty Fundusz Emerytalny by way of transfer of its assets to Allianz OFE, the percentage in the total number of votes in Grupa KĘTY S.A. in Allianz OFE accounts exceeded 15%. 16 May Current report No. 7/2023
Grupa KĘTY S.A. received the Performance Standard certificate for sustainable use of aluminium, fulfilling the requirements of the Aluminium Stewardship Initiative (ASI), an international non-profit organisation supported by industrial associations, aluminium producers, and processing companies. The certificate confirms responsible practices in the areas of production, materials sourcing and product management, as well as determines the principles and criteria for environmental, social and corporate governance (ESG). 19 May https://grupakety.com/grupa-kety-uzyskala-certyfikat-aluminium-stewardship-initiative-performance-standard
At the 27th Wall Street Conference, the largest meeting of individual investors in Poland organised by the Individual Investors Society, Grupa KĘTY was awarded the title of the ‘Hero of the Capital Market’ in the category of dividend-paying WIG20 and mWIG40 companies. 31 May https://grupakety.com/grupa-kety-z-tytulem-herosa-rynku-kapitalowego/
Aluprof S.A. took leadership in the ‘Golden Building Brand of the Year’, obtaining the titles of the ‘Golden Champion of Year 2023’ and ‘Golden Building Brand of Year 2023’. 16 June https://aluprof.com/firma/aktualnosci/aluprof-umacnia-sie-na-pozycji-lidera-branzy-spolka-po-raz-9-na-podium-rankingu-budowlana-marka-roku
Grupa KĘTY S.A. was honoured with the Silver CSR Leaf, an award by the Polityka weekly, Deloitte and Responsible Business Forum. 20 June https://grupakety.com/grupa-kety-zostala-wyrozniona-srebrnym-listkiem-csr-nagrody-tygodnika-polityka-delloite-i-forum-odpowiedzialnego-biznesu/
The Annual General Meeting of the Company passed resolutions on new incentive plan for the key staff of the Company and the Capital Group, Company Articles amendment, as well as on dividend payment, based on which it was decided to assign to the payment of dividend to the Company shareholders the total amount of PLN 603,134,500.00, which means PLN 62.50 per share in reference to the number of shares of the Company as at the date of passing this resolution (9,650,152). 21 June Current report No. 11/2023
Q.3, 2023
The Management Board of Grupa KĘTY S.A. received from Generali PTE S.A. a notification informing that on 21 July 2023, in relation to the completion of liquidation of NN Life Otwarty Fundusz Emerytalny (hereinafter referred to as NN Life) and transfer as at the date of the liquidation of the assets of NN Life to Generali Otwarty Fundusz Emerytalny (hereinafter referred to as Generali OFE), the share of Generali OFE in the share capital and the total number of votes at the Issuer exceeded the threshold of 5%. 25 July Current report No. 15/2023
The shares of Grupa KĘTY S.A. make their début in the MSCI Poland (Small Cap) index. 29 August https://grupakety.com/indeks-msci/
The Supervisory Board of Grupa KĘTY S.A. passed a resolution on appointing Mr Roman Przybylski Member of the Management Board starting from 1 January 2024, entrusting him with the function of Vice President of the Management Board, Director for Investments and Development. 15 September Current report No. 21/2023
Commencement of works on installing a photovoltaic 500 kW power system on the roof of the new 20/40 hall in Kęty. The project is planned to be completed and commissioned in the first half of 2024. The expected annual carbon footprint reduction is 335 tons of CO2e a year (335 tons of carbon dioxide equivalent a year). 26 September https://grupakety.com/odnawialne-zrodla-energii-inwestycja-pv-w-ketach/
Q.4, 2023
The Management Board of Grupa KĘTY S.A. made a decision on the acceptance of the terms proposed by Bank POLSKA KASA OPIEKI S.A. with regard to amendment of the credit limit agreement concluded with the bank, and signing an annex to the agreement together with the other borrowers. Pursuant to the annex, the period of the credit limit availability to all borrowers in the amount of PLN 530 million was extended until 31 October 2024. 23 October Current report No. 24/2023
Aluprof S.A. was honoured with the double leader’s title in the segment of aluminium and roller-shutter systems in Poland in this-year’s edition of the Polish Joinery Forum. 2 November https://aluprof.com/firma/aktualnosci/aluprof-z-15-tytulem-lidera-rynku-stolarki-2023
The Management Board of Grupa KĘTY S.A. received from Nationale-Nederlanden PTE S.A. a notification on 2% reduction in the number of shares and the percentage of the total number of votes in the Annual General Meeting held by Nationale-Nederlanden Otwarty Fundusz Emerytalny. 7 November Current report No. 25/2023
During the webinar entitled ‘Climate Reporting in Poland – the CCA Study Results’, the results of the Corporate Climate Crisis Awareness Study were presented. The study states that Grupa KĘTY S.A. counts among 38 companies which are most aware of the climate change. 24 November https://grupakety.com/grupa-kety-w-grupie-spolek-najbardziej-swiadomych-klimatycznie/
The Management Board of Grupa KĘTY S.A. made a decision on the acceptance of the terms proposed by BNP Paribas Bank Polska Spółka Akcyjna with regard to amendment of the multipurpose credit facility agreement concluded with the bank and signing an annex to the agreement together with the other borrowers. Pursuant to the annex, the maturity date of the credit facility worth PLN 400 million was postponed to 20 November 2025. 4 December Current report No. 27/2023
The Management Board of Grupa KĘTY S.A. made a decision on the acceptance of the terms proposed by Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna and signing an agreement with regard to the multipurpose credit facility in the total amount of PLN 400 million, to which a party, apart from the Issuer, are its subsidiaries Alupol Packaging S.A., Alupol Packaging Kęty Sp. z o.o., and Aluprof S.A. The Agreement was concluded in order to replace the previous agreement in the same amount, which was concluded with the Bank on 3 July 2008 and subsequently amended. The credit limit has been committed for the period ending 31 May 2026. 4 December Current report No. 28/2023
The General Meeting passed a resolution on amending the incentive plan adopted with Resolution No. 27/20 of the Annual General Meeting of 20 August 2020, and on amending the Company Articles. 13 December Current report No. 30/2023
Forecast of the selected financial and operating results for the year 2024 19 December Current report No. 33/2023
Q.1, 2024 – until the date of the report publication
At the 21st Builder Awards final gala, Aluprof S.A. was honoured with the title of ‘The Building Company of the Year’, while its CEO Tomasz Grela received the title of the ‘Personality of the Sector’, a second year in a row. 8 February https://aluprof.com/firma/aktualnosci/aluprof-budowlana-firma-roku-2023-tomasz-grela-osobowoscia-branzy-2023