March 24, 2020 / 5:18 PM / in 6 days

BRIEF-Grupa Kety Temporarily Reduces Production

March 24 (Reuters) - Grupa Kety SA:

* ESTIMATED Q1 2020 NET PROFIT AT ABOUT 70 MILLION ZLOTYS, UP ABOUT 21% Y/Y

* ESTIMATED Q1 2020 REVENUE AT ABOUT 820 MILLION ZLOTYS, UP ABOUT 5% Y/Y

* ESTIMATED Q1 2020 EBITDA AT ABOUT 125 MILLION ZLOTYS, UP ABOUT 14% Y/Y

* ON CORONAVIRUS: AT PRESENT DID NOT RECORD SIGNIFICANT IMPACT OF PANDEMIC EFFECTS ON GROUP’S OPERATIONAL ACTIVITY AND FINANCIAL SITUATION

* TEMPORARILY REDUCES PRODUCTION FOR THE NEXT 14 DAYS, STARTING FROM MARCH 24

* LIMITATION OF PRODUCTION WILL NOT HAVE SIGNIFICANT IMPACT ON GROUP’S OPERATIONAL AND FINANCIAL RESULTS

* IMPACT ON GROUP’S ACTIVITY MAY MAINLY RESULT FROM LIMITING SCALE OF OPERATIONS AND/OR TEMPORARY DOWNTIMES IN GROUP’S CONTRACTORS PRODUCTION Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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