The Management Board of Apator SA announces the forecast of consolidated financial results for 2016 that is as follows:

-        consolidated revenues on sales in total: PLN 850 m,

-        consolidated net profit: PLN 80 m

The forecast for 2016 is based on the following assumptions:

a)      objective of revenues on sales in value of PLN 850 m assumes organic growth, it does not take into account any possible acquisitions and it takes into consideration total value of the contracts signed on the day of preparation of the current report.

b)      objective of net profit in value of PLN 80 m assumes the reverse of net loss in Apator Rector sp. z o.o. and performance of the margin of net result at the level of  9,4% that is at the level similar to profitability performed in 2015 after losses incurred by Apator Rector sp. z o.o. has been eliminated

c)      average exchange rates adopted in the forecast are 4,15 PLN/EUR and 3,95 PLN/USD and 5, 95 PLN/GBP.

The Management Board of parent entity has been monitoring the performance of the forecast of consolidated financial results of the capital group based on corporate governance by use of system of monthly and quarterly financial statements considering the assumptions that are the base for the forecast.

The assessment of the possibilities to perform the results forecast is published in quarterly financial statements and announced. The adjustment of the forecast is made based on decision of Management Board of Apator SA and announced in current report.

Legal basis:

(i) § 5 para 1 point 25 of the Regulation of Minister of Finance regarding current and regular information being transferred by the issuers of securities and conditions to be considered as equivalent information  required by law of the state not being the member of the EU

 (ii) art 56 para 1 point 1 of the Act dated 29th July 2005 on public offer and conditions of introduction of financial instruments in trading and public companies.