Current reports
Current report no. 5/2024
Estimated results for 2023 and information on significant one-off events affecting the results
Legal basis:
Art. 17 sec. 1 MAR – inside information
Contents of the report:
ZE PAK Spółka Akcyjna („Company”) publishes the estimated financial results for 2023:
- The expected estimated consolidated result of ZE PAK SA Group at the level of EBITDA from continuing operations for 2023 will be approximately PLN 709 million, and the consolidated EBITDA result from discontinued operations will be PLN 19 million. The expected estimated consolidated net result of ZE PAK SA Group from continuing operations for 2023 will be approximately PLN 558 million, the consolidated net result of ZE PAK SA Group from discontinued operations will be PLN 164 million.
- The expected estimated result of ZE PAK SA at the EBITDA level for 2023 will be approximately PLN 656 million. The expected estimated net result of ZE PAK SA for 2023 will be approximately PLN 584 million.
he Company also publicly discloses information about one-off events that are important from the point of view of the analysis and interpretation of the published consolidated financial results.
- The profit from discontinued operations recorded at the end of 2023 in the amount of PLN 164 million results mainly from the fair value measurement of minority shares (49.5%) in PAK PCE sp. z o. o., this item is non-cash.
- In current report No. 14/2023, the Company informed about the increase in the recultivation reserve. During the year, the company partially used and released the recultivation reserve (the Company informed about the partial release of the reserve in current report No. 3/2024). The total amount of the release and use of the reclamation reserve in 2023 amounted to PLN 263 million. The amount of the Reclamation Reserve at the end of 2023 is PLN 621 million.
The Company reserves that the consolidated and standalone financial results presented above are estimates, are not final and may change.
Signatures of persons representing the Company:
Piotr Woźny – President of the Management Board
Maciej Nietopiel – Vice President of the Management Board
Zygmunt Artwik – Vice President of the Management Board