UNIMOT again increases annual forecast of results

Date of publication: 14.11.19

The financial forecast for the year 2019 published in June, last year, within the Group’s Strategy for the years 2018-2023, assumed achievement of consolidated adjusted EBITDA in the amount of PLN 34 million. Following the achievement of significantly higher than assumed results for H1 2019 in August this year the Management Board increased the annual forecast to PLN 46.2 million.

On 13 November 2019 UNIMOT published financial results for Q3 2019. The Group achieved the highest historical quarterly revenues in the amount of PLN 1.3 billion and highest this year consolidated adjusted EBITDA: PLN 18.3 million. The consolidated adjusted EBITDA for the first 9 months 2019 amounted to PLN 46.1 million, i.e. 99.7% of the increased annual forecast.

– As we have achieved almost the entire assumed annual result within first 9 months of 2019 we have decided to increase the forecast again. Currently, we are estimating that we will close the current year with the consolidated adjusted EBITDA at the level of PLN 57.6 million – says Mr Adam Sikorski, President of the Management Board of UNIMOT.