43/2022 Estimated selected financial data of ZBM “ZREMB-CHOJNICE ”S.A. for Q3 2022

Article 17 (1) MAR – confidential information.

The Management Board of Zakład Budowy Maszyn “ZREMB-CHOJNICE” S.A. _“Company”, “Issuer”_, in connection with the receipt today, i.e. November 14, 2022, of information on the estimated values of selected separate financial data for the third quarter of 2022, hereby provides the estimated selected financial data of ZBM “ZREMB-CHOJNICE” S.A. for the third quarter of 2022, together with the comparative data for the third quarter of the fiscal year 2020 and 2021.

To calculate the Company’s average results and calculate deviations from the results achieved in Q3 2022, the Issuer’s Management Board adopted the period 2020-2021.

The final values of financial data for Q3 2022 presented in this report will be published in the interim report on November 21, 2022.

Management’s commentary on the estimated separate financial results for the period of Q3 2022.

The Company’s sales revenues in Q3 2022 amounted to PLN 23,467 thousand, which, compared to the averaged sales revenues for the corresponding periods in 2020-2021, represents an increase of 18.18%.

The achieved EBIT in Q3 2022 at PLN 1,640 thousand is 252.50% higher than the averaged EBIT for this period of 2020-2021 when the Company recorded a profit of PLN 650 thousand.

In Q3 2022, the Company managed to generate a positive result at the EBITDA level of PLN 2,207 thousand, and this result is 181.95 % better compared to the averaged result for Q3 2020-2021 when an EBITDA of PLN 1,213 thousand was recorded.

The estimated net result achieved in Q3 2022 is a profit of PLN 789 thousand, which is a 621.26% improvement compared to the averaged net profit for Q3 2020 -2021 of PLN 127 thousand.

Comparing directly selected financial estimates for Q3 2022 with the same period of 2020-2021, we see a clear improvement. The level of revenue in Q3 2022 increased by 18.18%, EBIT and EBITDA also look decidedly better. where the increases represent an improvement of 252.50% and 181.95%, respectively.

The improvement in the results that the Company achieved in Q3 2022 compared to the same periods of the previous two years is the result of winning contracts at more favorable margins, which were achieved despite the rising prices of steel materials and energy.

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