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7/2018 2018-02-28 17:36 Information on preliminary 2017 financial results

Current Report 7/2018

 

 

Date of preparation: 28 February 2018

 

 

Subject: Information on preliminary 2017 financial results

 


General legal basis: Article 17.1 of the MAR Regulation – confidential information


Content:


The Management Board of Lubelski Węgiel Bogdanka S.A. (the “Company”) hereby informs you that on 28 February 2018 it decided to publish the preliminary financial results for 2017 (Q1-Q3 2017) which are as follows:


Separate financial results of LW Bogdanka S.A. for 2017:


Net revenue on sales: PLN 1,777,273,000
EBITDA: PLN 694,207,000
EBIT: PLN 840,908,000
Net profit: PLN 673,281,000

 

Consolidated financial results of the LW Bogdanka Group for 2017:


Net revenue on sales: PLN 1,780,321,000
EBITDA: PLN 708,944,000
EBIT: PLN 847,270,000
Net profit: PLN 667,925,000

 

In the period under analysis, the following one-off events had a material impact on the above mentioned results:


• change in the balance of provisions, being a result of signing an agreement on payment of coal allowances made to retirees and pensioners (which was announced by the Company in Current Report No. 25/2017 of 17 October 2017), and


• reversal of the impairment loss on non-current assets, as disclosed in the financial statements for 2015 (the intention to reverse the impairment loss was announced by the Company in Current Report No. 29/2017 of 12 December 2017).

 


After excluding the impact of the presented one-off events, preliminary financial results for 2017 are as follows:


Separate financial results of LW Bogdanka S.A. for 2017:


Net revenue on sales: PLN 1,777,273,000
EBITDA: PLN 579,276,000
EBIT: PLN 229,995,000
Net profit: PLN 178,441,000

 

Consolidated financial results of the LW Bogdanka Group for 2017:


Net revenue on sales: PLN 1,780,321,000
EBITDA: PLN 594,013,000
EBIT: PLN 236,357,000
Net profit: PLN 173,085,000

 

The results in their final version will be presented in the financial statements of LW Bogdanka SA and LW Bogdanka Group for 2017, to be published on 23 March 2018.
 


Information on preliminary 2017 financial results (253.61KB)