Current report No. 3
Date: March 31, 2021
Subject: Forecast of results for 2021
Legal basis: Art. 17 sec. 1 of MAR Regulation
Contents of the report:
The Management Board of Mangata Holding S.A. informs about the forecasts for 2021 year the Group Mangata Holding, which are as follows:
Sales revenue | 659 mln PLN |
EBITDA | 94 mln PLN |
Net profit | 43 mln PLN |
Management Board of the Issuer prepared a forecast of the Mangata Holding Capital Group for 2021 with the following assumptions:
- the outlook of economic recovery after the Covid-19 pandemic;
- recovery in the segment of automotive subassemblies and components (increase in demand of key customers, especially on the American market);
- stable level of the portfolio in the segments of valves and fasteners - organic increase in sales
- average annual EUR exchange rate at 4.40 PLN
Forecasts are based on the detailed budget for theGroupMangata Holding.
Financial forecasts are not audited by a certified auditor. Feasibility of forecasts will be made at least once every quarter and will be published in the periodical reports. Significant discrepancies in relation to forecasts will be announced in the form of a current report.
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Mangata Holding SA published this content on 31 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2021 13:13:00 UTC.