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Poland's KGHM sees debt/EBITDA ratio rising in 2016

Published 2016-05-16, 07:48 a/m
© Reuters.  Poland's KGHM sees debt/EBITDA ratio rising in 2016
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WARSAW, May 16 (Reuters) - Poland's leading copper producer
KGHM Polska Miedz SA KGH.WA may experience a rise of its net
debt to adjusted EBITDA ratio above 1.5 percent this year,
KGHM's Chief Financial Officer Stefan Swiatkowski said on
Monday.
"Our net debt to adjusted EBITDA amounted to 1.5 times at
first quarter end versus 1.4 percent a year earlier. We treat
this level as safe, although we expect it will rise this year,"
Swiatkowski told reporters.
KGHM also said it does not expect any need to create new
impairments now.

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