Current Report No.: 5/2020
Legal basis: Article 17 section 1 MAR – Confidential information.
Contents of the report:
The Management Board of Boryszew S.A. (“Issuer”) informs that on March 17, 2020 it received information from customers of the Automotive Segment (including Volkswagen Group AG and the PSA Group) about the temporary suspension of operations of most of their production plants.
In connection with the above, the Segment companies will suspend deliveries of manufactured parts to the production plants of these recipients.
The Automotive Segment is responsible for approximately 30% of sales revenues of the Boryszew Capital Group.
Production in the other production segments of the Group, including the Metals Segment, has not yet been limited.
The Issuer currently does not identify significant restrictions related to the supply chain on the supply side of individual plants.
As at the date of this current report, the Issuer is not able to estimate the possible negative financial effects of the above decision. The Issuer will communicate subsequent events and conditions that significantly affect generated financial results, economic and liquidity situation in the form of subsequent reports.
Signatures:
Piotr Lisiecki – 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.