Preliminary financial results for the first quarter of 2019

The Board of Directors of Przedsiębiorstwo Przemysłu Spożywczego PEPEES S.A. (‘the Company’, ‘the Issuer’) hereby informs that, in connection with the termination, on 2 May 2019, of the aggregation of financial data carried out to prepare the consolidated financial statements of the Company and of the Issuer’s

Group for the first quarter of 2019, the decision was made to publish preliminary financial results for the aforementioned period.

Preliminary results for the first quarter of 2019:

Preliminary financial results of the Issuer’s Group for the first quarter of 2019 (the data for the corresponding period of 2018 are presented in brackets):

- sales revenue: PLN 63,572 thousand (PLN 56,130 thousand)

- profit on operating activities: PLN 13,684 thousand (PLN 7,386 thousand)

- net earnings attributable to the equity holders of the Company: PLN 9,233 thousand (PLN 4,814 thousand)

Preliminary financial results of Przedsiębiorstwo Przemysłu Spożywczego PEPEES S.A. for the first quarter of 2019 (the data for the corresponding period of 2018 are presented in brackets):

- sales revenue: PLN 46,219 thousand (PLN 40,348 thousand)

- profit on operating activities: PLN 10,572 thousand (PLN 5,649 thousand)

- net profit: PLN 8,229 thousand (PLN 4,016 thousand)

The Company’s Board of Directors hereby clarifies that the profit growth in the first quarter of 2019 resulted, among other things, from higher sales. At the same time, the Issuer would like to note that the final financial results for the first quarter of 2019 will be communicated in the extended consolidated quarterly report to be published on 15 May 2019.



SIGNATURES OF THE COMPANY’S REPRESENTATIVES

Date            Name and surname          Position/Function Signature

2019-05-02 Wojciech Faszczewski President of the Board of Directors

2019-05-02 Tomasz Rogala Member of the Board of Directors