62/2010
Management Board of Boryszew S.A. releases the forecast of financial results of the Boryszew Capital Group in 2010:
It is (forecast on August 26th, 2010):
Result on the operating activity: PLN 189 m.
EBIDTA: PLN 270 m
Net profit: PLN 121 m.
It was (forecast on May 13th, 2010):
Result on the operating activity: PLN 144 m.
EBIDTA: PLN 224 m
Net profit: PLN 84 m.
Similar volumes for 2009 (audited) according to the 2009 report were accordingly:
Result on the operating activity – PLN 140 m
EBIDTA – PLN 216 m
Net profit – PLN 52 m.
The forecast has been prepared taking into account the following macroeconomics factors (medium year volumes):
Currencies:
USD/PLN 2.70
EUR/PLN 4.00
Metals on LME quotations:
Aluminium 2,100 USD/t
Copper 7,900 USD/t
Zinc 2,300 USD/t
Lead 2,400 USD/t
The Management Board of Boryszew S.A. changes the 2010 results forecast because of the acquisition of the company Maflow Polska executed on August 10th, 2010. The above mentioned volumes have been defined under the condition of maintaining by Boryszew S.A. Maflow Department reliefs connected with carrying the activity on the territory of Katowicka Special Economic Zone.
The currencies rates and metals quotations are determined to be main outside factors having influence on the results of the Boryszew Capital Group.
Particularly the weakness of EUR rate and the decrease of lead price have the negative influence on the achieved profits. But it is not possible in an explicit, reliable and exact way to fix the influence of these risks on the changes in the particular volumes presented in the forecast.
The level of the realization of the forecast basing on the internal system of the business control will be carefully observed by the Management Board of Boryszew S.A.
Estimation of the possibilities of the realization of forecast results will be presented in the periodical consolidated reports (quarterly) of the Boryszew Capital Group.
In case of well-grounded circumstances of difference exciding 10% in relation to the one of the forecast items the Management Board of Boryszew S.A. will release such information in the form of the current report.
The financial forecast will be appraised by the auditor in connection with the planned increasing of the initial capital (information in the current report no 59/2010 of August 17th, 2010).
Signatures:
Małgorzata Iwanejko – Chairman of the Management Board
Robert Bednarski – Vice Chairman of the Management Board