The Management Board of SARE SA with its registered office in Rybnik ("Issuer", "Company") announces that it made a preliminary estimate of the financial results of the Capital Group SARE SA for the first half of 2018.
Estimated consolidated sales revenues for the first half of 2018 amounted to approx. PLN 22,679 thousand, the estimated EBITDA of the Group amounted to approximately PLN 3,572 thousand, while the consolidated net profit amounted to PLN 1,559 thousand.
Estimated sales revenues increased in relation to the analogous period of 2017 by approx. 1% EBITDA increased by approx. 9%. Estimated net profit in the first half of the year decreased by approx. 13% compared to the same period in 2017.
The increase in EBITDA stems from the consolidation of Sales Intelligence SA and MarketNews24 Sp. Z oo, which did not form part of the Capital Group in the comparative period. In turn, the decline in net profit was caused by the increase in depreciation charges related mainly to the development flares that have been accepted as intangible assets of the Group.
The presented financial results may change due to the ongoing data verification process in the Group.
We would like to inform you that the detailed financial report will be published on September 5, 2018.
Source: company website, investor relations, current and periodic reports.