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KGHM Polska Miedz SA (KGHPF)
:KGHPF
Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.1Last Year’s EPS
-1.01Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: -6.71%
|Next Earnings Date:Mar 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted several positive aspects, including increased copper production and significant revenue growth. However, challenges were noted in the form of decreased production in Sierra Gorda and increased costs. The overall sentiment balances these elements.Company Guidance
During the Q3 2024 earnings call for KGHM Polska Miedz S.A., several key financial and production metrics were presented. The company reported a 3% increase in copper production, totaling 534,000 tonnes, and a 2% rise in revenues, which amounted to PLN 26.139 billion for the group. The macroeconomic environment was mixed, with a 6% increase in copper prices in U.S. dollars offset by adverse currency exchange rates between the Polish zloty and the dollar. Silver prices rose by 16% in dollars and 9% in zlotys, but the production of metallic silver dropped by 10.8% due to various operational factors. The CapEx execution increased by 16% year-on-year, reaching PLN 2.5 billion, primarily allocated to mining activities. The company's net debt to adjusted EBITDA ratio was reported at 0.9, indicating a safe level of liquidity. Additionally, the C1 unit cost for the group decreased by 6% to USD 2.75, while the cost for KGHM Polska Miedz S.A. increased by 2% to USD 3.08, largely due to the mineral extraction tax.Increase in Copper Production
KGHM noted a 3% increase in copper production in the first 9 months of 2024, totaling 534,000 tonnes.
Revenue Growth
Revenues increased by 2% to PLN 26.139 billion in the group and PLN 22 billion for KGHM Polska Miedz S.A.
Adjusted EBITDA Increase
Adjusted EBITDA rose by 44% to PLN 6.186 billion, with a significant contribution from KGHM International.
Robinson Mine Performance
Marked increase in copper production at the Robinson mine by 21,400 tonnes, with a 30% increase in copper production year-on-year.
C1 Unit Cost Improvement at Robinson Mine
C1 unit cost decreased significantly to $1.69 per ounce of sold copper, 68% lower than the same period last year.
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KGHPF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KGHPF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $32.50 | $32.63 | +0.40% |
| Aug 13, 2024 | $32.18 | $32.01 | -0.53% |
| May 15, 2024 | $39.16 | $39.10 | -0.15% |
| Mar 27, 2024 | $27.81 | $27.44 | -1.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does KGHM Polska Miedz SA (KGHPF) report earnings?
KGHM Polska Miedz SA (KGHPF) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is KGHM Polska Miedz SA (KGHPF) earnings time?
KGHM Polska Miedz SA (KGHPF) earnings time is at Mar 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KGHPF EPS forecast?
KGHPF EPS forecast for the fiscal quarter 2024 (Q4) is 1.1.
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