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2011

Number Date Subject
93/2011 2011-10-27 Increased financial forecast of Boryszew Group for 2011

The Management Board of Boryszew S.A. releases amendment of the forecast of financial results of Boryszew Capital Group in 2011:

Present status (forecast on October 27th, 2011):

Revenues on sale: PLN 4,317 m
EBIDTA: PLN 371 m
Result on the operating activity: PLN 262 m.
Net profit: PLN 195 m.

Past status (forecast on May 13th, 2011) – current report no 22/2011

Net revenues on sale: PLN 3,939 m
EBIDTA: PLN 337 m
Result on the operating activity: PLN 240 m.
Net profit: PLN 176 m

Similar volumes for 2009 (audited) according to the 2009 report were accordingly:

Net revenues on sale: PLN 3,135 m
Result on the operating activity: PLN 188 m.
EBIDTA: PLN 268 m
Net profit: PLN 926 m

The forecast has been prepared taking into account the following macroeconomics factors (medium year volumes):
Currencies:
USD/PLN 2.70
EUR/PLN 4.09

Metals on LME quotations:
Aluminium 2,416 USD/t
Copper 8,816 USD/t
Zinc 2,192 USD/t
Lead 2,405 USD/t

The Management Board of Boryszew S.A. changes the 2011 results forecast because of the acquisition executed in the period from August till October 2011 of assets and the companies of AKT Group and Theysohn and also because of so far and planned results of Boryszew Capital Group’s companies.

The currencies rates and metals quotations are determined to be main outside factors having influence on the results of Boryszew Capital Group.
But it is not possible in an explicit, reliable and exact way to fix the influence of these risks on the changes in the particular volumes presented in the forecast.

The level of the realization of the forecast basing on the internal system of the business control will be carefully observed by the Management Board of Boryszew S.A.
Estimation of the possibilities of the realization of forecast results will be presented in the periodical consolidated reports (quarterly) of the Boryszew Capital Group.

In case of well-grounded circumstances of difference exciding 10% in relation to the one of the forecast items the Management Board of Boryszew S.A. will release such information in the form of the current report.

The financial forecast has not been appraised by the auditor.

Signatures:
Małgorzata Iwanejko – President of the Management Board

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