Current report no: 22/2022
The Management Board of Boryszew S.A. (Issuer, Company) advises that according to the resolution of the Supervisory Board of the Issuer of 17 May 2022 on approval of:
“Business Strategy for Boryszew Group for 2022-2026” (Strategy)”, the Company adopted on the same day the development strategy until 2026 to be implemented, which assumes, among other things:
- continued development of the most profitable products by expanding into new markets and diversifying end customer sectors,
- maintaining high dynamics of ca. 13% year-on-year growth of EBITDA in 2022-2026 and reaching EBITDA of PLN 0.6 billion in 2026,
- ensuring the required liquidity in Boryszew Capital Group through optimisation of resources used,
- new product development through the use of research and development (R&D) centres,
- active participation in the green energy transition,
- optimisation of low-margin assets in the Chemicals and Metals Segments.
The Issuer points out that taking into consideration the remote time perspective and the possibility of occurrence of a number of external factors as well as unpredictability of risk factors resulting from the above, the above presented figures cannot be considered as forecasts for the strategy validity period, but only as an estimation of expected levels of revenues in relevant business areas that Boryszew Capital Group will strive to achieve.
At the same time, the Company advises that the Strategy covers the main strategic objectives of relevant business segments for the period from 2022 to 2026, whereas as at the date of publication of this current report, the review of strategic options for selected groups of assets initiated by the Company has not been formally completed.
Legal attitude: Article 17 section 1 MAR – Confidential information.
Signatures:
Wojciech Kowalczyk – President of the Management Board
Translation from the original Polish version.
In the event of differences resulting from the translation, reference should be made to the official Polish version.