The Management Board of TOYA S.A. (hereinafter referred to as: the Issuer) informs about the impact of the political and economic situation in Ukraine on the operation of the Issuer or its capital group as assessed as at the date of publication of this report.
The Issuer reports that the Russian-Ukrainian conflict will not have a significant impact on the financial results achieved by the Issuer in 2021. The Issuer had no assets in Ukraine, Russia or Belarus and transactions performed in 2021 with customers based there were of a short-term nature and were settled as at the date of publication of this report.
The Issuer does not rule out that the ongoing conflict can have a direct impact on financial results in the current financial year 2022. However, from today’s perspective the Issuer estimates that it can be insignificant due to high geographical diversification of sales of goods offered by the TOYA S.A. Capital Group. The scale of this impact will depend, among other things, on the duration of the conflict and economic and political sanctions imposed by the international community.
The Issuer estimates that the conflict in Ukraine can also have an indirect impact on the deterioration of the global economic situation. In the opinion of the Issuer, it is currently impossible to estimate the impact of this situation on the current financial results due to its complexity and the possibility of multiple scenarios.
The Issuer is currently monitoring the impact of the political and economic situation in Ukraine on the operations of the TOYA S.A. Capital Group and in the event of any significant change in this area, it shall present its assessment in the next current report.
Legal basis: Article 17 section 1 of the Regulation (EU) No 596/2014 of the European Parliament and of the Council 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 (OJ L 2014 No. 173, p. 1, as amended)
Grzegorz Pinkosz
President of the Management Board