Announcement.

DM PKO BP reduced the target price for Stelmet up to PLN 23

The report was issued at a rate of PLN 23. On Thursday, at the closing of the session, the company's securities cost PLN 21.5. "Since the debut at the end of 2016, the Stelmet exchange rate is under constant pressure, due to the strengthening of the zloty exchange rate, weak sales volumes and lower than expected cost effectiveness. Stelmet prices, we do not perceive the valuation of the company as a bargain (assuming the current levels) "- it was written in the report. In turn positive factors mention stable or slightly lower rdr price of wood, sales start on the US market and quite low investment cost ( PLN 20 million) in a new pellet factory in Grudziądz, increasing the capacity of this segment by approximately 35%. and good sales of this segment. (PAP Biznes)

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Company information
Company name:Stelmet SA
ISIN:PLSTLMT00010
NIP:9730679032
Adress: ul. Gorzowska 20 65-127 Zielona Góra
Phone:+48 68 3293800
website:www.stelmet.com

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