The Management Board of Summa Linguae S.A., based in Krakow, (“Company”) hereby announces that on 15 April 2019, it became aware of the estimated amount of the consolidated net revenue of the Company’s Group for Q1 2019. As at the date of this Report, the estimated consolidated revenue of the Group for Q1 2019 amounts to approx. PLN 10.2 million, which represents an increase by approx. 164% compared to the Company’s net consolidated revenue for Q1 2018.
In Q1 2018, the Company did not consolidate the profit/(loss) of the Kommunicera Communications AB Group – consolidation started in December 2018 (shares in Kommunicera Communications AB were acquired by the Issuer in November 2018).
The Company’s Management Board believes that such a significant increase in revenue is due not only to consolidation processes, but also effective sales efforts and the development of new services related to organic growth.
The figure indicated above is an estimated one – the ultimate amount of consolidated revenue of the Company’s Group, which will be announced in the consolidated financial statements of the Group for Q1 2019, may differ from it.
Legal grounds: Article 17(1) of MAR – confidential information.
The Company’s representatives
Krzysztof Zdanowski, President of the Management Board