Alma – delicatessen

Forecast of financial results for 2016

Report number: RB 09/2016   Report created: 2016-03-21  

Acting pursuant to §5 section 1 point 25) of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and conditions for recognizing as equivalent information required by laws of a non -member state (consolidated text. D. Laws of 2014, item. 133) ("Regulation"), Alma Market SA (the "Company") announces the projection of selected individual financial results of the Company for 2016.

Revenues from sales: more than 900 million PLN
Net profit: more than 7 million PLN

Wherein:
- For the first quarter of 2016 years revenues will amount to over 233 million PLN, and net profit more than 1 million PLN,
- For the first half of 2016 years revenues will amount to over 450 million PLN, and net profit of more than 2 million PLN.
The forecasts were made according to the Management Board's best knowledge at the date of preparation and based on the assumption that it does not rise and does not reveal the circumstances that could significantly affect the financial result after the date of publication of these forecasts.
In particular, this could apply to circumstances such as:
- A significant weakening of the exchange rate of the zloty to the euro, due to the payment by the Company rents denominated in euros,
- The introduction of high tax rates on retail sales, the principles of which have not yet been published,
- A ban on Sunday trading,
- The sale of certain assets at a price lower than their fair value.
The basis of the forecasts presented are the following significant assumptions:
1. The relative stabilization of the price of food and the lack of further deepening deflationary factors.
2. Systematic improvement of the profitability of stores, mainly by getting higher sales margins by maintaining a wide selection of goods offered for sale and improve the conditions of price of purchased goods.
3. Reducing the loss of goods in stores and supply chain by increasing the efficiency of logistics operations and to improve the organization of work in individual stores.

4. Maintain operating expenses stores at the lowest possible level that will provide implementation of the main objective which is increase sales and increase the value of trade margins while ensuring low loss and loss of trade.

Alma Market SA will monitor and evaluate the possibility of carrying out of projected financial results on a quarterly basis and will make any adjustments to forecasts presented together with an indication of the criteria used this assessment. The above forecast of financial results will be monitored on an ongoing basis in the course of 2016 years. Possible changes that differ by at least 10% of the submitted values will be passed to the public in the current report.