Mr. A. Sikorski, the CEO of the Company gave some information about the Company’s outlook (on the conference regarding the acquired assets from Lotos and Orlen, prepared by SII on a Youtube channel).
Intention to pay out a dividend from FY22 profits. Mr. A. Sikorski, supported previous declarations that he intends to pay out a 30% dividedn from FY22 profits, despite strong capex outlook.
Expected strong 1Q23 results. The CEO pointed out that management expects relatively good results in 1Q23 without going into specifics.
Strategy update being prepared. The CEO informed that the Company intends to update its strategy (in a month)
Expected impact: Positive, although the news could have been discounted on yesterday’s session. The expectations on the 30% pay-out ratio dividend from FY22 profits is being confirmed. Moreover, the CEO suggested a good quarter in 1Q23.
Analyst
Lukasz Prokopiuk, CFA
This report is prepared for the Warsaw Stock Exchange SA within the framework of the Analytical Coverage Support Program 3.0.
194/2023/AR April 13, 2023
