Current Report no. 27/2020

27/2020   |   17-03-2020 22:54

Information on potential impact of COVID-19 on the Issuer’s business activity

The Board of  BSC DRUKARNIA OPAKOWAŃ S.A. based in Poznań (hereinafter referred to as “the Company”, “the Issuer”), with reference to the recommendations of the European Securities and Market Authorities, dated 11 March 2020, and the notice of the Polish Financial Supervision Authority, dated 12 March 2020, hereby informs that as at the date of publication of this report there is a significant risk of a potential impact of the outbreak of coronavirus COVID-19 epidemic in the world on the business activity of the Issuer and the companies belonging to the Issuer’s group. Still, as at the date of publication of this report the Issuer is not able to estimate potential risks connected with it. In the Issuer’s opinion, There are serious concerns about the economic downturn and one can, with high probability, predict at least temporary decrease in demand for a group of products sold by the Issuer. The Issuer points out that among the Issuer’s customers there are ones directly exposed to the decrease in demand for their products due to the outbreak of coronavirus COVID-19 epidemic.

Moreover, the Issuer points out that as at the date of publication of this report they are not able to estimate the probability of potential downtime in production resulting from: employees’ illness, orders issued by the Polish public administration authorities or issued by the European Union institutions, the lack of continuity of supply chain or other events which are difficult to predict.

In the Issuer’s opinion, currently, the level of exposure of the Issuer’s business activity to the above mentioned risk and potential risks resulting from it, is high.

At the same time, the Issuer informs that they have implemented procedures aiming at limiting the risk of contracting the illness, in accordance with e.g. the recommendations of the Chief Sanitary Inspector.

Current Report no. 27/2020