Digitree Group S.A.

Annual / Quarterly Financial Statement • Apr 24, 2019

POLISH FINANCIAL SUPERVISION AUTHORITY

Non-Consolidated Annual Report R 2018 year

(prepared in accordance with Par. 86.1.3 of the Regulation of the Minister of Finance dated February 19th 2009 - Dz.U. No. 33, item 259)

for issuers from the manufacturing, construction, trade or services sectors

for the financial year 2018, covering the period from January 1st to December 31st 2018,

including financial statements prepared in accordance with the IFRS

currency: PLN

Date of filing: April 24th 2019

Pfleiderer Group Spółka Akcyjna

(full name)

Pfleiderer Group SA (abbreviated name)

53-611 (postal code) ul. STRZEGOMSKA (street) +48 71 747 11 00 (telephone number) office@pfleiderer.com (e-mail)

719-10-00-479 (NIP – Tax Identification Number)

wood products (sector according to the Warsaw Stock Exchange's classification)

Wrocław (city/town) 42AB (number) +48 71 747 11 41 (fax number) www.pfleiderer.com (web site) 4500933817 (REGON – Industry Registration Number)

	PLN '000		EUR '000
FINANCIAL HIGHLIGHTS	2017	2017	2018	2017
I. Sales revenue	-	-	-	-
II. Operating profit/(loss)	-15 475	-31 446	-3 632	-7 388
III. Profit/(loss) before tax	140 584	419 336	32 998	98 517
IV. Net profit	144 442	415 542	33 903	97 625
V. Net cash provided by (used in) operating activities	-12 571	-20 751	-2 951	-4 875
VI. Net cash provided by (used in) investing activities	189 867	81 918	44 566	19 245
VII. Net cash provided by (used in) financing activities	-106 524	-61 431	-25 003	-14 432
VIII. Total net cash flow	70 772	-264	16 612	-62
IX. Total assets	2 278 687	2 305 734	529 755	552 007
X. Liabilities	1 143 549	862 496	265 855	206 487
XI. Non-current liabilities	124	4 121	29	987
XII. Current liabilities	1 143 425	858 375	265 826	205 500
XIII. Equity	1 135 138	1 443 238	263 900	345 520
XIV. Share capital	21 351	21 351	4 964	5 112
XV. Outstanding shares at the end of the reporting period	64 701 007	64 701 007	64 701 007	64 701 007
XVII. Earnings per ordinary share (PLN/EUR)	2,54	6,49	0,60	1,53
XIX. Book value per share (PLN/EUR)	17,54	22,31	4,08	5,34
XX. Declared or paid dividend per share (PLN/EUR)	1,20	1,10	0,28	0,26

SIGNATURES OF ALL MEMBERS OF THE MANAGEMENT BOARD
Date	First name and surname	Position	Signature
April 24th 2019	Thomas Schäbinger	President of the Management Board
April 24th 2019	Nico Reiner	Member of the Management Board