Legal basis
The Article 17 item 1 of the MAR – confidential information.

The Board of Directors of Zakład Budowy Maszyn “ZREMB-CHOJNICE” S.A. (Joint Stock Company) ”Company”, “Issuer”, in connection with the information received today, i.e. on September 15, 2020, on the estimated values of selected individual financial data for the first half of 2020, hereby provides the estimated selected financial data of ZBM „ZREMB-CHOJNICE” S.A. for the first half of 2020 together with comparative data for the first half for the financial years 2018 and 2019.

For the purpose of calculating the average results of the Company and calculating deviations in relation to the results achieved in the first half of 2020, the Board of Directors of the Issuer has adopted the period 2018-2019.

The final values of financial data for the first half of 2020 presented in this report will be published in the periodic report on September 21, 2020.

The comment of the Board of Directors to the estimated individual financial results for the first half of 2020.

During the first half of 2020, the Company generated revenues from sales of about PLN 11,603 thousand, which – compared to the average revenues from sales for the respective periods in 2018 and 2019 – is a decrease of 31.61%. The decrease in revenues in the first half of 2020 is also reflected in the EBIT result for this period, when the Company recorded a loss of PLN 179 thousand, what when compared to the average profit at the EBIT level in the respective periods in 2018 and 2019 in the amount of PLN 1,468 thousand is a deterioration. In the first half of 2020, it was possible to achieve a positive result at the EBITDA level of PLN 206 thousand, which is a result lower by 88.49% compared to the average result for the first half of 2018 and 2019, when EBITDA was recorded at the level of PLN 1,793 thousand. The estimated net result achieved in the first half of 2020 is a lost of PLN -392 thousand, which compared to the average individual net profit of the first half of 2018 and 2019, at the level of PLN 1,651 thousand, is a deterioration.

The full content of the report can be found in the Polish version

SIGNATURES OF PERSONS ACTING ON BEHALF OF THE COMPANY
Date Name and Surname Position/Function Signature
2020-09-15 Krzysztof Kosiorek-Sobolewski Chairman of the Management Board
2020-09-15 Marcin Garus Deputy Chairman of the Management Board