Warsaw Stock Exchange SA: August Sales and Gross Profit Margin Report Unveiled

This report is prepared for the Warsaw Stock Exchange SA within the framework of the Analytical Coverage Support Program 4.0.

Event: Sales and gross profit margin for August revealed.

On Tuesday, during the WSE trading hours, Action released preliminary sales and gross profit margin on sales for August. The Group’s
consolidated revenues reached PLN 219 million (up 16% yoy) and the gross profit margin on sales arrived at 7.6% (-0.3 mom/ +0.5 pp
yoy).

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For January-August cumulatively, Action’s revenues reached PLN 1,557 million (up 5% yoy) with the weighted average gross margin on sales
at 8.0% (+0.5 pp yoy).

Expected impact: Neutral, as the impact should have been already discounted. Still, we cannot preclude that ultimately the reported margin
proves to be higher than the preliminary one, as it was in the previous quarters.

GPW’s Analytical Coverage Support Programme 3.0

The Warsaw Stock Exchange's (GPW's) Analytical Coverage Support Programme 3.0 supports investment firms in drafting analytical reports which are financed by GPW. The objective of the Programme is to improve the availability of research covering less liquid companies, facilitating investors' informed investment decisions based on a reliable independent source of issuer information. Eligible to participate in the Programme are companies listed on the GPW Main Market (other than WIG20 participants) and on NewConnect. The Programme covers up to 50 issuers.

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Topics

stock market warsaw stock exchange neutral impact Analytical Coverage Support Program Sales report Gross profit margin Action Group Consolidated revenues Preliminary sales data Gross profit margin on sales Weighted average gross margin Impact assessment Preliminary vs. final margin.