Market filings

ADDRESS DATA
41-308 Dąbrowa Górnicza
ul. Roździeńskiego 11a
   
+48 32 261 60 00
+48 32 261 60 09
biuro@stalprofil.com.pl

Current reports

Notice: the official version is the Polish language version and the version translated into English is provided purely for information purposes.

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6
2019

2019-02-19

Current report 6/2019

Information on submitting the best offer in the procedure for the delivery of insulated DN1000 steel pipes to OGP Gaz-System S.A.

The Management Board of STALPROFIL S.A. announces that on 19 February 2019, after OGP Gaz-System S.A. (Ordering Party) had opened submitted offers in a contract based on the Framework Agreement for public procurement of insulated steel pipes for the investment task: DN1000 Pogórska Wola - Tworzeń order 3, about 64 km long, was informed that the offer of Izostal S.A., which as the leader of a consortium of companies comprised of Izostal S.A. and Stalprofil S.A. (Contractor), offered a value of PLN 121,254 thousand PLN net (PLN 149,142 thousand gross), proved to be the most advantageous one.
The specification of essential terms of the contract provides for delivery from 1 September 2019 to 31 January 2020.
The Company will inform in a separate current report about the receipt of the official information from OGP Gaz-System SA on the selection of the best offer for the aforementioned tender.

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5
2019

2019-02-13

Current report 5/2019

Conclusion of a contract with OGP Gaz-System S.A. for the supply of insulated steel pipes for the construction of the DN1000 Poland-Slovakia gas pipeline

With reference to current report 3/2019 dated 25 January 2019, the Management Board of STALPROFIL S.A. informs that on 13 February 2019 the Company was notified of the reverse signing of a partial agreement by OGP Gaz-System S.A. between a consortium of companies consisting of: STALPROFIL S.A. and Izostal S.A. (Contractor), and OGP Gaz-System S.A. with its registered office in Warsaw (Ordering Party).
The subject of the contract is manufacture, sale and supply of insulated and internally insulated steel pipes for the investment project implemented by OGP Gaz-System S.A.: gas pipeline DN1000 Poland-Slovakia with the length of 19 km. The subsidiary Izostal S.A. (Consortium Leader) is part of the consortium responsible for the production and supply of the above-mentioned insulated steel pipes to the Ordering Party.
The partial agreement concluded will be implemented under and under the terms of the framework agreement of 17 April 2015, concluded between the Consortium of the following companies: Izostal S.A. and STALPROFIL S.A., and OGP Gaz-System S.A.
The value of deliveries covered by the contract is PLN 33,091 thousand net (PLN 40,702 thousand gross), and their implementation will take place from 1 June 2019 to 30 September 2019.
The implementation of the aforementioned partial agreement will have a significant impact on the increase in the value of revenues of the subsidiary Izostal S.A. and the Capital Group STALPROFIL S.A. mainly in the third quarter of 2019.

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4
2019

2019-01-30

Current report 4/2019

Extension of loan agreements concluded with mBank S.A.

On 30.01.2019 the Management Board of Stalprofil SA learned about the reverse signing of annexes to loan agreements by mBank S.A. with its registered office in Warsaw, Corporate Branch in Katowice, which extends the availability of credit limits granted to the Company by mBank S.A. for another year. Moreover, mBank S.A. granted an additional credit limit at the Company's request in the amount of PLN 5.0 million for the purpose of opening letters of credit and granting guarantees.
As a result of the agreements signed, the total value of the credit limit made available to the issuer by mBank S.A. is PLN 45.0 million and consists of the following banking products:
- revolving long-term loan in the amount of PLN 10.0 million, available until 28.01.2021
- long-term revolving loan in the amount of PLN 10.0 million, available until 28.01.2021
- long-term revolving loan in the amount of PLN 10.0 million, available until 28.01.2021
- a multi-currency loan in the current account in the amount of PLN 5.0 million, available until 30.01.2020
- overdraft facility in the amount of PLN 5.0 million, available until 30.01.2020
- a limit on guarantees and letters of credit in the amount of PLN 5.0 million, available until 30.01.2020 with the possibility that their expiry date would go beyond the availability date and not exceed 30.01.2022.
mBank S.A. is one of the main lenders of the Company, and credit lines made available for the next period constitute an important source of long-term and short-term financing of operations of STALPROFIL S.A.
Financial terms on which the Company uses the limits granted do not differ from those commonly used for this type of agreements and are based on the WIBOR rate + bank's margin.
The basic collateral for the total credit limit granted by mBank SA are as follows:
1. registered pledge on inventories of commercial goods with a value not lower than PLN 40.0 million,
2. a declaration on submission to enforcement in accordance with art. 777 kc.

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3
2019

2019-01-25

Current report 3/2019

Selection of the offer submitted by the consortium of the following companies: STALPROFIL S.A. and IZOSTAL S.A. as the most advantageous in the scope of supply of insulated steel pipes for the construction of the DN1000 Poland-Slovakia gas pipeline

On 25 January 2019 the Management Board of STALPROFIL S.A. received information on the selection by OGP Gaz-System S.A. with its registered office in Warsaw (the Contracting Party) of the offer submitted by the subsidiary Izostal S.A. on behalf of the Consortium of the following companies: Izostal S.A. (Consortium Leader) and STALPROFIL S.A. (Member of the Consortium), as the most advantageous in the public procurement procedure for the supply of insulated steel pipes for the investment task carried out by OGP Gaz-System S.A. - Gas pipeline DN1000 Poland-Slovakia with a length of 19 km.
As part of the Consortium, the Leader of the Consortium - Izostal S.A. is responsible for the production and supply of the above-mentioned steel pipes to OGP Gaz-System S.A. The value of the offer submitted by the Leader of the Consortium is PLN 33,091 thousand PLN net (PLN 40,702 thousand gross). The specification of essential terms of the contract provides for delivery from 1 June 2019 to 30 September 2019.
The conclusion of contracts with the OGP Gaz-System S.A. for these deliveries of STALPROFIL S.A. will be announced in a separate current report.

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2
2019

2019-01-10

Raport bieżący 2/2019

Dates of publication of financial reports in 2019

Management Board of Stalprofil S.A. informs about fixed dates of publication of financial reports in 2019:
1) Quarterly reports
- consolidated quarterly report for Q1 2019 - 24.05.2019
- consolidated quarterly report for Q3 2019 - 22.11.2019
2) Half-year reports
- consolidated half-year report for the first half-year of 2019 including shortened half-year financial statement - 06.09.2019
3) Annual reports
- standalone annual report for 2018 - 19.04.2019
- consolidated annual report for 2018 - 19.04.2019
According to § 83 cl. 1 of Regulation of the Minister of Finance the Company will not publish separate quarterly reports but consolidated quarterly reports inluding quarterly financial information.
The Management Board declares that, pursuant to § 101 cl. 2 RMF, the Company will not publish quarterly report and consolidated quarterly report for the fourth quarter of 2018 and the second quarter of 2019.

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