GIGROUP (GIG): EBIT result forecast of Capital Group of the Company for 2017 - raport 48

Raport bieżący nr 48/2017

Podstawa Prawna:
Art. 17 ust. 1 MAR - informacje poufne.

The Management Board of Work Service S.A. company ("Company”), presents the following forecast ("Forecast”) indicating expressed with the ratio EBIT expected level of the consolidated operating profit (before taxation) for the Work Service Capital Group ("Group”) for 2017:

EBIT for the Group in 2016 EBIT forecast for the Group for 2017 Percentage change

(value in thousands of PLN) [2016 = 100%]

63,049 85,351 35%

The forecast covers the Group consisting in the Company as the parent company and its subsidiaries. The forecast takes into account the closing of the sale transaction of 94.95% shares in the second half of the year 2017 by the Company in IT Kontrakt Sp. z o.o. with its registered office in Wrocław (The Company informed about conclusion of the preliminary conditional agreement on sale of these shares in the current report no. 42/2017); therefore, the scope of the Forecast includes only results of IT Kontrakt Sp. z o.o. for the first half of 2017 ("Assumptions"). Moreover, the Management Board of the Company considers also disinvestments on the Russian market including ZAO Work Service Russia company.

The Forecast has not been subject to any examination of the auditor.

Implementation of the forecast, in particular in terms of Assumptions, shall be monitored by the Management Board of the Company on a current basis. In case of deviation of any forecast positions by at least 10% in relation to the position included in this forecast, the Company shall perform a correction of this forecast and shall convey it to the public in form of the relevant current report.

Legal basis:

Art. 17 sec. 1 Resolution of the European Parliament and of the Council (EU) No. 596/2014 of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.

Signatures:

Maciej Witucki -President of the Management Board

Piotr Gajek - Vice-President of the Management Board