Report
Artur Iwański

KGHM - Solid 1Q19 EBITDA; poor FCF (neutral)

Research prepared by PKO BP Securities
Underlying
KGHM Polska Miedz S.A.

KGHM Polska Miedz is engaged in the mining of copper and non-ferrous metals ore; the excavation of gravel and sand; the production of copper, precious and non-ferrous metals; the production of salt; the casting of light and non-ferrous metals; the forging, pressing, stamping and roll forming of metal- powder metallurgy; waste management; wholesale based on direct payments or contracts; warehousing and storage of merchandise; holding management activities; geological and exploratory activities; general construction activities with respect to mining and production facilities; scheduled and non-scheduled air transport; telecommunication and IT services; and other activities.

Provider
PKO Bank Polski
PKO Bank Polski

Analysts
Artur Iwański

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