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    PKP   PLPKPCR00011

PKP CARGO S.A.

(PKP)
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Pkp Cargo S A : Current Report No. 7/2021 of 03 March 2021- Estimation of the PKP CARGO Group's selected financial and operating results for 2020

03/02/2021 | 06:00pm EST

The Management Board of PKP CARGO S.A. ('Company') hereby publishes estimated selected consolidated financial and operating results for 2020:

- Revenues from contracts with customers: PLN 4,075.6 million;

- EBITDA: PLN 580.2 million;

- EBIT: PLN -186.4 million;

- net result: PLN -224.3 million;

- freight volume: 93.6 million tons.

At the same time, the Company hereby reports that it has been granted an exemption by its lenders from the requirement to maintain the net debt/EBITDA ratio, as derived from data published in the Company's standalone financial statements, at a level not greater than 3.0. In contracts with two financing banks, the said exemption has been made contingent on the requirement that the value of the net debt/EBITDA ratio, as derived from data published in the PKP CARGO Group's consolidated financial statements for 2020, is not greater than 4.0. The estimated value of the respective financial ratios as at 31 December 2020 will not cause a breach of the terms of the loan agreements entered into by the Group.

The foregoing financial highlights are tentative estimates obtained during the preparation of the Group's consolidated financial statements for 2020 and as such are subject to change. The final data on the financial performance along with the auditor's report will be presented by the Company in the consolidated annual report to be published on 31 March 2021.

Legal basis:
Article 17(1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council on Market Abuse

Disclaimer

PKP Cargo SA published this content on 03 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2021 02:03:01 UTC.


© Publicnow 2021
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Financials
Sales 2021 4 357 M 1 072 M 1 072 M
Net income 2021 -115 M -28,3 M -28,3 M
Net Debt 2021 2 149 M 529 M 529 M
P/E ratio 2021 -8,39x
Yield 2021 -
Capitalization 673 M 165 M 166 M
EV / Sales 2021 0,65x
EV / Sales 2022 0,63x
Nbr of Employees 20 963
Free-Float 67,0%
Chart PKP CARGO S.A.
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Pkp Cargo S.A. Technical Analysis Chart | PKP | PLPKPCR00011 | MarketScreener
Technical analysis trends PKP CARGO S.A.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 4
Last Close Price 15,02 PLN
Average target price 14,14 PLN
Spread / Average Target -5,84%
EPS Revisions
Managers and Directors
Wtadystaw Szczepkowski Chief Executive Officer & Member-Supervisory Board
Krzysztof Maminski Chairman-Supervisory Board
Zofia Dzik Independent Member-Supervisory Board
Dariusz Gorski Member-Supervisory Board
Krzysztof Czarnota Member-Supervisory Board
Sector and Competitors