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2017

Number Date Subject
6/2017 2017-03-29 Information on the forecast for consolidated financial results for 2017 (2017-03-29; 08:50)

 Legal basis: Art. 17 sec. 1 MAR – confidential information

The Management Board of Boryszew S.A. (Emitent, Company) informs that on 29 March 2017 it was decided to prepare and publish a forecast for selected financial results of Boryszew Capital Group for 2017.
According to the forecast in 2017 Boryszew Capital Group will achieve the following consolidated results:
- EBITDA: 539.7 million PLN (in 2016: 382.2 million PLN)
- net profit: 305.5 million PLN (in 2016: 191.3 million PLN)
The forecast has been prepared on the basis of an assumption that the effects of restructuring processes in Groups Maflow and BAP will have the most significant influence on the increase in financial results of the Group, which according to the expectations of the Management Board will result in lasting improvement of profitability in both groups of Motorization Sector. Moreover, Emitent is expecting increase in financial results of Aluminium Sector and consequently finished investing in extension and modernisation of the machine park of facilities in Konin and Skawin.
Other sectors of the Group are expected to further improve the results of business activity as a result of reviewing costs of business activity and product portfolio. Also, it has been assumed that by the end of the forecast legal, tax and administration regulations of Boryszew Capital Group will not change significantly.
The forecast has been prepared on the basis of the following macroeconomic assumptions (annual average values):
Exchange rate EUR/PLN – 4.3
Exchange rate USD/PLN – 3.9
WIBOR 1M – 1.65%

Boryszew S.A. will monitor implementation of the forecast on the basis of internal business control system on the Capital Group level. Evaluation of implementing forecast results will be included in annual average consolidated periodical reports of Boryszew Capital Group for 2017. If any of forecast values varies significantly from the above values, the Company will correct the results forecast for 2017. At the same time Emitent informs that the said forecast has not been verified by statutory auditor.

Signature:
Jarosław Michniuk - President of the Management Board

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