RB 19/2019
Date: 29 April 2019
Forecast of financial results for 2019
Legal basis: Article 17 Sec. 1 MAR - inside information

Text of the report:

The Management Board of Benefit Systems S.A. with its registered seat in Warsaw (hereinafter, the "Company") informs that in spite of growth of consolidated revenues in 2019 and a stable growth of sports cards sales as projected, as a result of a number of events concerning the fitness operations, which in particular include application, for the first time, of IFRS 16, which affected the presentation of the leasing expenses, a downward trend in the revenues generated by fitness clubs and non-recurring assets acquisition transactions in 2018, the estimated operating profit (EBIT) of the Capital Group of Benefit Systems may be lower by 5% to 10%, and profit before tax by 30% to 40% as compared to year 2018. 

The communication of projected financial results for year 2019 is announced on an occasional basis and will not change the Company's present policy not to publish financial forecasts.