In 2021 the company expects to observe a 28% drop in net profit.

Cinkarna Celje published their 2021 estimates according to which the company expects to reach EUR 165.9m in sales revenues. Such a estimate is somewhat above  the sales revenue for 2021 projected by the Strategic business plan for the period 2019-2023 (EUR 161.8m). Sales in foreign markets is estimated to reach EUR 152.3m in 2021, which is at the same level estimated exports achieved in 2020.

The expected EBITDA for 2021 is EUR 26.6m and exceeds the level set for 2021 in the Strategic business plan, which amounts to EUR 19.7m. At the same time EITDA margin is estimated to reach 16% which is 4 p.p. higher compared to the strategic plan.

Furthermore, the planned net profit for 2021 amounts to EUR 10.6m, which is significantly above the level envisaged for 2021 in the Strategic business plan (EUR 3.9m).

The investments that Cinkarna will make in 2021 will be made primarily in terms of enabling sales growth procurement of new and enabling the maximum availability of existing devices in the production of titanium dioxide.

Investments will be made by individual programs according to needs, their ability and prospects and in line with the five-year strategic plan. The planned amount of investment in long-term assets is 22% higher than in 2020 and amounts to 14.4m EUR.