Polish retailer Zabka's quarterly adjusted EBITDA seen at 984 million zlotys; Reuters poll

GDANSK (Reuters) - Polish convenience store chain Zabka is expected to report an 18% increase in fourth-quarter adjusted EBITDA at 984 million zlotys ($254.20 million), a Reuters poll showed on Friday.

Zabka is expected to report revenues of 5.95 billion zlotys, an increase from 5.04 billion zlotys a year ago, driven by organic growth and the expansion of its store network.

Analysts from five banks and brokerages on average expect Zabka to report fourth-quarter net profit of 262 million zlotys, up from 209 million zlotys in the same period last year.

Preliminary figures published by the company on January 17 showed like-for-like (LFL) sales growth for 2024 was 8.3%, driven by higher volumes and basket value throughout the year.

Full-year results are due on March 24.

The group made its debut on the Warsaw Stock Exchange in October 2024 with a 6.45-billion-zloty IPO, and following the trading session on March 21, joined Poland's blue-chip index, the WIG20.

The following table summarises analysts' forecasts for Zabka for the fourth quarter of 2024:

(Figures in millions of zlotys unless stated otherwise)

NET PROFIT ADJ.EBITDA REVENUE EBIT

Average 262 984 5945 514

Median 243 985 5943 514

Lowest 187 979 5908 508

Highest 366 988 6001 520

No. of forecasts 5 4 5 4

Q4 2023 209 836 5035 418

Q3 2024 319 1119 6578 664

Forecasts provided by: Trigon, Pekao, mBank, Santander Bank, BDM

($1 = 3.8709 zlotys)

(Reporting by Julia Kotowska; Editing by Shreya Biswas)