Legal basis: Article 17 par. 1 MAR - confidential information.
Subject: Estimated consolidated sales revenues and estimated sales margin achieved by the VRG S.A. Capital Group. in December 2023; information on the assessment of the implementation of the strategy goal.
VRG S.A. with its registered office in Kraków (the "Company") publicly discloses estimated consolidated sales revenues and estimated sales margin achieved by the VRG S.A. Capital Group. in December 2023. The above data is included in Annex 1 to this report.
In accordance with the content of Annex No. 1, the consolidated sales revenues achieved in December 2023 by the Company's Capital Group amounted to approximately PLN 192.0 million and were higher than the revenues achieved in December 2022 by approximately 9.6%. In cumulative terms, the value of consolidated sales revenues generated in the period January-December 2023 amounted to approximately PLN 1,298.9 million and was approximately 2% higher than those achieved by the Company's Capital Group in the corresponding period of the previous year.
Taking into account the above estimated value of consolidated sales revenues realized in the period January-December 2023, the Company's Management Board informs that the expected growth dynamics of consolidated sales revenues for the financial year 2023 will not allow achieving a double-digit increase in consolidated sales revenues of the Company's Capital Group for 2023 year compared to the consolidated sales revenues achieved in 2022, and thus one of the strategic goals indicated in the Capital Group Strategy for 2023-2025, referred to in the Company's current report No. 12/2023 of June 15, 2023, will not be achieved ( "Strategy"), providing for double-digit sales increases in each year of implementation of the Strategy.