Information on the status of targets achievement in the area of ESG and sustainability are presented in the ’ESG and sustainable development activities’ section of this report.
Accomplishment of the Strategy main goals
In the opinion of the Management Board of Grupa KĘTY S.A., as at the end of 2023, the main goals of the Capital Group Development Strategy for 2021–2025 remain valid
The individual operating segments have been consistently implementing the business assumptions adopted in the Strategy, despite unstable economic and macroeconomic environment prevailing since the announcement of the Strategy, which was contributed to by the effects of the pandemic (e.g. problems with supply chains), the outbreak of war in Ukraine (e.g. high prices of raw materials and their limited availability), continuing high inflation and the resulting higher interest rates (e.g. more difficult and expensive access to financing, higher costs of running business) and slow-down in the Polish economy in 2023 as well as on the European markets key for the Capital Group.
Skilful use of the said challenges enabled the Group to exceed the expected financial results in the years 2021-2023.
Further, ESG objectives are defined for the process of improving and adapting the Capital Group to the changing market environment and expectations in terms of environmental, social and governance impact.
In 2023, the operating segments continued the performance of investment projects envisaged in the Strategy.
| Accomplishment of the strategy main financial goals | ||
|---|---|---|
| Consolidated data (PLN million) | Performance in 2023 | 2025 goals |
| Sales revenue | 5,219 | 5,143 |
|
– of which EPS |
2,108 | 2,072 |
|
– of which ASS |
2,372 | 2,306 |
|
– of which FPS |
1,206 | 1,070 |
| EBITDA(1) | 868 | 864 |
| Net profit on operating activities | 687 | 650 |
| Net profit(2) | 539 | 508 |
(1)EBITDA – operating profit plus depreciation and amortisation
(2) Net profit attributable to owners of the parent
(2) Net profit attributable to owners of the parent
| Accomplishment of goals in investing activities and sources of investment finance as well as dividend policy | |||
|---|---|---|---|
| PLN million | Balance in 2023, accumulated data for 2021‑2023 | Goal for 2025, accumulated data for 2021-2025 | % accomplished |
| Cash flow from operating activities | 2,251 | 2,927 | 77% |
| Cash flow from investing activities | -839 | -1,321 | 64% |
| Dividends paid out | -1,539 | -2,002 | 77% |
| Balance as at the end of 2023 | Balance as at the end of 2025 | ||
| Net debt | 931 | 919 | not applicable |