polyczyno_poland_upper

Highlights FY 2013

Positive trend in financials confirmed
> Year to date 2013 profit of EUR 1.4M
> 23% increase in revenue to EUR 73.9M for 2013
> 41% increase in EBITDA to EUR 44.6M*
> 6.5% increase in revenue to EUR 75.3M for 2013, including revenue from associates
> 18% increase in EBITDA to EUR 45.4M for 2013, including EBITDA from associates

Stabilization in the production performance despite lower Q4
> Total production generated in Q4 2013: 98 GWh (net) – down 3 %
> Total production generated in 2013: 405 GWh (net) – up 12 %

Stable Outlook for 2014
> Net production: 390 – 400 GWh
> Revenue (including associates): EUR 71 – 76M
> EBITDA (including associates): EUR 40 – 42M