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2011-06-01 21:59:55 CEST 2011-06-01 22:00:54 CEST REGULATED INFORMATION Agrowill Group AB - Notification on material eventAB „Agrowill Group“ year 2011 and year 2012 net sales and net profit forecast was prepared for its inclusion to the prospectus of ordinary registered shares of the companyAB „Agrowill Group“ announces 2011 and 2012 net sales and net profit forecast, which was prepared for the purpose of its inclusion (and was actually included) to the prospectus of ordinary registered shares of the company, dated 31 May 2011, prepared inter alia for public offering of shares of the company in the Republic of Poland: Net sales forecast year 2011 - 81,360 mln. LTL., year 2012 - 135,028 mln. LTL. Net profit forecast year 2011 - 10,789 mln. LTL., year 2012 m. - 12,396 mln. LTL. The forecast is based on the assumption, that the group of companies, to which AB „Agrowill Group“ belongs will increase the milking cow herd significantly over two years and the average number of cows in 2012 will reach 4,500 (as of the forecast compilation date the group had approximately 2,500 milking cows), as well as that the company will restart cultivating 2,000 ha since September 2011. Assumptions about factors, based on which the forecast was prepared, which are primarily outside the group's management influence relate to: (i) market prices for agricultural commodities for 2011 and 2012, as the group has no influence on setting or controlling such prices; (ii) harvest yields for 2011 and 2012, which depends on other operational factors such as fertilizer input, which could be controlled by the group, but also depends on such factor as weather or agricultural conditions, which is certainly beyond the group's control; (iii) successful offering and listing of company's shares on the Warsaw Stock Exchange which would allow to start the planned investments. Furthermore, the compiled forecast is based on the following assumptions that were used in order to avoid overstatement of the projected financial results: (i) the prices for agricultural commodities are taken as of April 2011 and benchmarked to MATIF futures; (ii) moderate growth in production yields was assumed. The forecast was audited by audit company HLB Sarnowski & Wiśniewski Sp. z o.o., which report on the forecast is attached as annex to the prospectus as well as to this announcement. Taking into consideration the aforementioned purpose of drafting the forecast as well as the indicated assumptions, based on which the forecast was prepared, the company informs that this forecast would be deemed invalid in case the offering of the company's shares would not happen in Poland. Attached: Auditor's report on the forecast. Vladas Bagavičius Chairman of the Board +370 5 233 5340 |
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