Legal basis (selected in ESPI):
Article 17 Section 1 of MAR – confidential information.
The Management Board of PKP CARGO S.A. (“Company”) reports that on 7 May of this year, the Company established the Board of Presidents (“Board of Presidents”) in order to integrate and optimize processes in the PKP CARGO Group. The Board of Presidents established four steering committees, including the Group Strategy Update Committee, which is to prepare an updated short-, medium-, and long-term development strategy by the end of the year. Also, the Board of Presidents adopted the 2018 business plan for the PKP CARGO Group, which assumes the PKP CARGO Group EBITDA of PLN 778.7 million, or 10.9% more than in 2017, and the planned freight volume of 125.9 million tons, which would give the Group a 53.9% share in the Polish freight transport market measured by freight turnover at the end of 2018, up by 2.3 percentage points compared to 2017.
Appointment of the Board of Presidents begins the market share recovery process and follows from the consistent implementation of the results improvement policy in the PKP CARGO Group.
If the level of any of the measures diverges materially from the forecasts, the Company’s Management Board will adopt a decision to adjust the forecast.
Article 17 Section 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council on Market Abuse.