Due to the observed market trends and the resulting high rates of capacity utilisation, and due to a favourable outlook for further sales growth, the Management Board of Grupa Kęty S.A. has decided to supplement and submit to the Supervisory Board the investment plan for 2017-2020 contained in Strategy 2020. In relation to the approval of the requested amendments at the Supervisory Board meeting held on 12 October 2017, the Management Board presents the following information:
The scope of amendments:
These changes will affect the basic financial objectives projected for 2020 as follows:
The said changes in basic financial parameters are stated based on the macroeconomic assumptions applied in the process of developing Strategy 2020.
Investment projects will be financed entirely with additional borrowings, e.g. bank loans.