Report 1/2023 Reorganisation of operational activities within the STS Group
The Management Board of STS Holding S.A. (“Company”) hereby informs that STS S.A. is reorganising its operational activities. The result is the concentration of STS S.A.’s activity in Poland based on the existing portfolio of services. Thus, STS S.A. limits the operating activities carried out by subsidiaries under licenses held in Great Britain and Estonia, closing the possibility of registering accounts from 16 January 2023.
The purpose of the reorganisation is to fully exploit the potential of the Polish market, which remains the most important area of the STS Group’s operations. The operating results achieved by STS S.A. in 2022 indicate the extremely high attractiveness of the Polish market. The company intends to concentrate its activities in order to be able to use the development potential in Poland.
The changes introduced have a positive impact on the effectiveness of the operations conducted by the STS Group and positively affect its operating and financial results. The STS Group estimates that adjusted EBITDA in 2022 will be in the region between PLN 265 and 275 million. Thanks to the reorganisation of operational activities in the subsequent reporting periods, the business effectiveness of the STS Group should increase.
Legal basis: Art. 17(1) MAR