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    KGH   PLKGHM000017

KGHM POLSKA MIED? S.A.

(KGH)
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Delayed Warsaw Stock Exchange  -  08:07:24 2023-02-09 am EST
140.20 PLN   +1.63%
02/01Kghm Polska Mied? S A : A cooling vest for KGHM employees - a prototype solution will be tested at the company's divisions
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01/29Kghm Polska Mied? S A : The copper coding giants have been announced - KGHM CuValley Hack hackathon has ended
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01/26Kghm Polska Mied? S A : Salary negotiations at KGHM completed - employee salaries will increase by 13.2 percent
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KGHM Polska Mied? S A : diversifies its energy sources - additional 5.2 MW from photovoltaic facilities

11/03/2022 | 04:45am EST
KGHM will buy green power with guarantees of origin from Projekt Solartechnik - the Corporate Power Purchase Agreement (cPPA), a long-term contract with a price guarantee for the duration of the contract, provides for the delivery of power as early as in 2023.

The purchase covers all the energy that will be generated at the new Żuki solar power plant in the Wielkopolskie Province. Its construction has already begun. The power plant that will produce electricity for KGHM has a capacity of 5.2 MW and consists of nearly 10,000 photovoltaic modules.

Investment in energy from Renewable Energy Sources (RES) is another step by the copper industry leader toward diversification of its sources of energy supply. KGHM is one of the leaders of the energy transition in Poland. This allows the company, among other things, to be independent of the fluctuations in the energy prices in the market.

It is worth noting that the formula of cooperation with Projekt Solartechnik is not a common practice in the domestic energy market. However, it makes it possible to actually purchase green energy at the source, i.e. where it is generated.

The contract is made possible by KGHM's consistency and competence in the area of electricity management. This is because the company is not only one of the largest electricity consumers in Poland, but also has the status of a power industry company engaged in the generation of, trade in, and distribution of electricity.

Energy plays one of the key roles in the company's strategy. the Company is planning to supply a half of the energy it consumes from its own sources, including RES, by 2030. This includes investment plans related to, among other things, transformation. KGHM was the first company in Poland to submit an application to the National Atomic Energy Agency for the implementation of small modular reactors (SMRs).

Disclaimer

KGHM Polska Miedz SA published this content on 02 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2022 09:44:03 UTC.


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Financials
Sales 2022 33 790 M 7 642 M 7 642 M
Net income 2022 5 460 M 1 235 M 1 235 M
Net Debt 2022 4 049 M 916 M 916 M
P/E ratio 2022 5,23x
Yield 2022 2,16%
Capitalization 27 590 M 6 240 M 6 240 M
EV / Sales 2022 0,94x
EV / Sales 2023 0,93x
Nbr of Employees 33 894
Free-Float 68,2%
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Number of Analysts 11
Last Close Price 137,95 PLN
Average target price 112,46 PLN
Spread / Average Target -18,5%
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Tomasz Zdzikot President & Chief Executive Officer
Agnieszka Winnik Kalemba Chairman-Supervisory Board
Michal Zborowski General Director-Administration & Purchasing
Andrzej Kisielewicz Member-Supervisory Board
Boguslaw Szarek Member-Supervisory Board
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