63/2022 Notice of the Management Board’s decision on the creation of an impairment write-off and on preliminary estimated financial performance of Trakcja S.A. and the Trakcja Group for the first six months of 2022

The Management Board of Trakcja S.A. (the „Company”, the “Issuer”) informs that 8 September 2022 marks the completion of a preliminary analysis of available financial performance data of the Issuer’s Group’s units and process of collecting financial data for the purposes of preparing a consolidated report for the Trakcja Group for the 6-month period –ended on 30 June 2022. Accordingly and further to current reports nos. 58/2022 and 62/2022, the Company has decided to create impairment write-offs of assets:
1.    “Capital expenditures in subordinated units” at the Torprojekt Sp. z o.o. subsidiary in the amount of PLN 1,400,000.00, which had an impact on the unit financial performance of Trakcja S.A. for the first 6 months of 2022. This amount is of a non-pecuniary nature, which means that it bears no impact on the Company’s and Group’s liquidity situation;
2.    “Financial assets”, i.e. loans granted to the Torprojekt Sp. z o.o. subsidiary in the amount of PLN 7,046,000.00, of which the impact on the unit financial performance of Trakcja S.A. for the first 6 months of 2022 amounted to PLN 5,639,000.00.

The foregoing write-offs will not have an effect on the consolidated financial performance for the first 6 months of 2022 and on the value of fixed assets presented in the Trakcja Group’s consolidated balance sheet as at 30 June 2022.

Furthermore, the Company has decided  to make available to the public the preliminary estimated financial performance of the Company and the Trakcja Group for the first six months of 2022, taking into account the foregoing impairment write-offs and the events as to which the Company informed in current reports nos. 53/2022, 55/2022, 58/2022 and 62/2022:
•    Preliminary estimated financial performance of the Company for the first six months of 2022:

Revenue on sales: PLN 279,629,000.00
Gross profit from sales: PLN -97,552,000.00
EBITDA: PLN -109,270,000.00
Gross profit: PLN -228,655,000.00

•    Preliminary estimated consolidated financial performance of the Trakcja Group for the first six months of 2022:

Revenue on sales: PLN 555,423,000.00
Gross profit from sales: PLN -128,016,000.00
EBITDA: PLN -145,554,000.00
Gross profit: PLN -243,887,000.00

The above presented data are estimates and are subject to review by an auditor. The final data of the Company’s and Group’s financial performance shall be provided in the consolidated report for the 6-month period ending on 30 June 2022, which, in accordance with Current Report no. 61/2022, shall be published on 30 September 2022.

Legal basis:
Article 17 (1) MAR