Current Report 4/2023

Preliminary estimates of the financial results of the INPRO SA Corporate Group for 2022

Only the Polish version of this document is legally binding.
This translation is provided for information only.
Every effort has been made to ensure the accuracy of this publication.

The Management Board of INPRO S.A. with its registered office in Gdańsk (the “Company”), in relation to work on the consolidated financial statements of the INPRO S.A. Corporate Group for 2022, informs that the preliminary estimates available to the Management Board and concerning the basic financial data for 2022 are as follows: the estimated revenues of the INPRO Group for 2022 will be approximately PLN 357.7 million, an increase by approximately 11 % against 2021. The estimates also indicate that the net profit of the

Corporate Group for 2022 will be approximately PLN 64.1 million, an increase by approximately 37 % y/y.
The Group’s financial results for 2022 are higher than the results of the previous year owing to, for example, the number the type of projects completed in the financial year – the number of units delivered to customers is very similar, but their location is better, and the growth of the costs of materials and labour has slowed down. The increase in the revenues from the property development activity is accompanied by the increase of the revenues in hotel operation (as a result of lifting the Covid restrictions) and on precast unit manufacture (the growth of prices and foreign demand). 

The correct levels of revenues and profits and the explanation of the level of deviations of the financial data will be shown by the Company in the financial statements of the INPRO Corporate Group for 2021, which will be published in a periodic report on 27/04/2022. 

The knowledge of the Management Board as at the date of this report is based on the assumption that no circumstances will arise or become apparent which could significantly affect the preliminary estimates of the financial results after the publication of this report. The above estimates of the level of the Group's revenues and net profit will be monitored on an ongoing basis until the publication of the periodic report. 

Detailed legal grounds: Article 17 para. 1 of Regulation of the European Parliament and of the Council (EU) No 596/2014 of 16 April 2014 on market abuse (the market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (also referred to as the MAR).