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Current Report No. 13/2016

09.03.2016 09:10

Adoption of efficiency improvement program in the TAURON Group for 2016-2018

The Management Board of TAURON Polska Energia S.A. (“Company”) informs that on 9 March 2016 resolution was passed on adoption of efficiency improvement program in the TAURON Group (“Group”) for the years 2016-2018 (“Program”).

The Program was drafted with account being taken of current market conditions and the need to keep financial standing of the Company stable. Initiatives were developed whose implementation will bring efficiency improvement equaling approximately PLN 1.3 billion over the years 2016-2018 (cumulative effect of the Program over three years). Execution of the Program will allow for increase of the Group’s EBITDA by approximately PLN 400 million in the year 2018 (lasting, recurring result at this level in subsequent years). The Group expects to improve operational efficiency in most segments – the largest share falling in Distribution and Generation.

Presentation showing the assumptions and planned results of the Program in enclosed with the report.

Article 56 section 1 item 1 of the Act on Public Offering - price-sensitive information

Attachments

Efficiency improvement program 2016-2018.pdf

 
 

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