On 9 April 2013 the Management Board of LUG S.A. publicly announced the forecast of consolidated results of the LUG S.A. Capital Group for the period from 01.01.2013 to 31.12.2013.
In the current report EBI 41/2013 the Management Board of LUG S.A. publicly announced the forecast of consolidated results of the LUG S.A. Capital Group for the period from 01.01.2013 to 31.12.2013, which assumes reaching the results specified in the table below.
On the basis of information obtained in the course of an audit performed on the consolidated financial statements of the LUG S.A. Capital Group for the year 2013, the Management Board of LUG S.A. informs that the level of compliance with forecasts has changed.
The adjustment results implementing the recommendations of KPMG Audit, the Group’s Auditor, regarding changes in the accounting treatment of certain income and changes in the scope of consolidation of subsidiaries.
In view of the consolidated financial statements of the LUG S.A. Capital Group for 2013, the audited results achieved in 2013 with respect to the projected financial position (RB 41/2014) are as follows:
- Revenues on sales generated in 2013 amount to PLN 102,485 thousand, which constitutes 99.41 per cent of the published forecast;
- Operating profits (EBIT) generated in 2013 amount to PLN 2,000 thousand, which constitutes 77.34 per cent of the published forecast;
- Operating profits increased by depreciation (EBITDA) generated in 2013 amount to PLN 5,134 thousand, which constitutes 100.03 per cent of the published forecast;
- Net profits generated in 2013 amount to PLN 1,425 thousand, which constitutes 101.79 per cent of the published forecast.
The forecasts concerning the indicated items of the consolidated income statement of the LUG S.A. Capital Group in 2013:
| Item | Forecast for 2013 (PLN thousand) announced RB 14/2013 |
Forecast for 2013 (PLN thousand) adjusted RB 41/2013 |
Forecast for 2013 (PLN thousand) as at 12.06.2014 |
Audited Financial Results for 2013 (PLN thousand) |
| Revenue on sales | 110 046 | 103 095 | 102 485 | 102 485 |
| EBIT | 5 307 | 2 586 | 2 000 | 2 000 |
| EBITDA | 8 887 | 5 756 | 5 134 | 5 134 |
| Net profit | 3 637 | 1 400 | 1 425 | 1 425 |
* EBIT - profit on operating activities
** EBITDA - profit on operating activities increased by depreciation