Current report 2/2022
The Management Board of Prima Moda S.A. (the "Company") publishes preliminary unaudited selected individual financial data of Prima Moda S.A. for the period from January 1, 2021 to December 31, 2021:
Income Statement
a) Net sales revenues: PLN 13,460 thousand
b) EBITDA: PLN 2,501 thousand
(c) EBIDTA yield: 8.46%
d) EBIT: PLN 1.744 thousand
Selected balance sheet items
a) Equity: PLN 10,278 thousand (an increase of 11.91%)
b) Cash balance: PLN 507 thousand (increase by 171%)
c) Loans and advances PLN 5,663 thousand (a decrease of 21%)
The improvement in EBITDA and EBIDTA margin is the result of a significant change in the business model in terms of the growing share of the e-commerce channel in the Company's sales structure and effective use of market conditions as well as operational and cost optimization of operations.
At the same time, the Management Board of the Company indicates that the presented estimates of the financial result:
– are preliminary and not subject to audit by a statutory auditor;
– have been drawn up to the best of their knowledge at the material time at the date of their compilation;
– are based on the assumption that there will be no disclosure of circumstances that could materially affect the financial results after the publication of the estimates.
The Management Board of the Company notes that the final results will be presented in the annual report on April 29, 2022 and may differ from the preliminary financial data indicated above.
Legal basis: art. Article 17(a) 1 Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 (MAR Regulation).
