18:38 18 May 2022
Ciech Group assumes normalized EBITDA of PLN 870-930 mln in 2024 - strategy
The Ciech Group assumes normalized EBITDA in the range of PLN 870-930 million in 2024 and the accumulated free cash flow to equity (FCFE) for 2022-24 at PLN 580-680 million, according to the company strategy. The group's strategic goals also include a cash conversion rate of 30-35% in 2024. Ciech's capital expenditures in 2024 are expected at about PLN 400 million.
Under the strategy, the company plans regular payment of dividends and considers acquisitions within core businesses. In addition, it underscores the focus on digitization and innovation. In its key soda segment, Ciech envisages a transformation focused around increasing the cost advantage, implementing the energy transformation, strengthening strategic capabilities, and maximizing the value of baking soda.
