The Management Board of Wawel S.A. (joint-stock company) (hereinafter referred to as the Issuer) announces that foresees a possible decreasing of sales y / y in the coming quarters. The expected decreasing of sales is connected with increasing risk of reduction of cooperation with key business partner including the fact that cooperation with the key business partner may be ceased.

The share of sales of the entity with which the most difficult negotiations last, is approx. 25% of total sales of the Issuer.

Issuer's Management Board estimates that sales in next quarters of 2017 can be reduced within the limits of the above share.

At present it is difficult to estimate the scale of possible decreasing of sale, especially the consequences and impact of the drop of sales on the results of the Issuer.

WAWEL SA published this content on 02 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 January 2017 19:52:05 UTC.

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