Current report No. 5/2020

Legal basis: Article 17 sect. 1 of the MAR - Confidential information

Subject: Consolidated sales revenues and estimated sales margin achieved by the VRG S.A. Capital Group in January 2020.

VRG S.A. joint stock company with its registered office in Cracow (the "Company") informs that the consolidated sales revenues achieved in January 2020 by the Company's Capital Group amounted to approximately PLN 78.2 million and were higher than the revenues achieved in January 2019 by approximately 10.0%.

At the same time, the Company informs that retail sales revenues generated in January 2020 by the Company's Capital Group in particular segments of operating activity were as follows:

a) Retail sales revenues generated in the clothing segment (Vistula, Wólczanka, Deni Cler, Bytom brands) amounted to PLN 50.5 million and were higher than the revenues generated in January 2019 by about 6.9%.

b) Retail sales revenues generated in the jewellery segment (W.KRUK brand) - approx. PLN 25.5 million and were higher than the revenues generated in January 2019 by approx. 19.4%.

VRG S.A. informs that the consolidated sales margin achieved in January 2020 by the Capital Group of the Company amounted to 49.9% and was higher than the margin achieved in January 2019 by about 1.5 percentage points. 

The Company informs that the total retail sales area of the Capital Group at the end of January 2020 amounted to 54.1 thousand m2 and was higher by 5.5% than retail sales area in January 2019.