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8/2024 Estimated selected separate financial data of ZREMB-CHOJNICE S.A. for 2023

Legal basis: 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. February 29, 2024, of information on the value of estimated selected stand-alone financial data for 2023, hereby provides, as an attachment to the said report, estimated selected stand-alone financial data of “ZREMB-CHOJNICE” S.A. for 2023 together with comparative data for fiscal years 2020 – 2022.

To calculate the Company’s average standalone results and calculate deviations from the results achieved in 2023, the Issuer’s Management Board adopted the period 2020-2022.

The final values of the financial data for 2023 presented in this report will be published in the interim report on April 22, 2024.

Commentary of the Management Board on the estimated separate financial results of ZREMB Chojnice S.A. for 2023.

The Company recorded sales revenues of PLN 37,042 thousand in 2023, which is a 27.09% increase compared to the averaged sales revenues for 2020-2022 _PLN 29,146 thousand_.

The company achieved a profit at the EBIT level of PLN 3,227 thousand in 2023, which, compared to the averaged result for the previous periods of 2020-2022 of PLN 2,097 thousand. gives an increase of 53.92%

The Company achieved EBITDA profit of PLN 4,647 thousand in 2023, which, compared to the averaged result for the previous periods of 2020-2022 of PLN 3,005 thousand, gives an increase of 54.63%

The Company’s net profit in 2023 amounted to PLN 2,871 thousand, which compared to the averaged result for the previous periods of 2020-2022, amounting to PLN 941 thousand, gives an increase of 205.15%

The company in 2023 compared to the comparative period of 2020-2022 improved not only revenue, but also EBIT and EBITDA by more than 50% and net profit by more than double. The Board of Directors notes that such a high rate of improvement in financial performance took place in a period of high electricity and heat prices and an increase in the minimum wage, which determines the level of wages in the Company.

SIGNATURES OF COMPANY REPRESENTATIVES

DateNamePosition
29-02-2024Krzysztof Kosiorek-SobolewskiPresident of the Board
29-02-2024Marcin GarusVice President of the Board