ESPI Report 14/2022 - Information on estimated sales revenues

Report No. 14/2022
Subject: Information on estimated sales revenue

Legal basis: Art. 17 sec. 1 of MAR - confidential information.

The Management Board of beeIN SA with its registered office in Siedlce ("Issuer", "Company") publishes information on the estimated value of sales revenue generated by the Company in the third quarter of 2022, together with the comparative value for the same period last year.

The Issuer's revenues in the third quarter of 2022 amounted to approximately PLN 12 million compared to PLN 4,9 million in Q2021 XNUMX, which is an increase of about 145%. The Issuer indicates that the exact value of revenues will be presented in the periodic report for the third quarter of 2022.

The revenue, which is higher than in the corresponding period of the previous year, results from the increase in the export of the Issuer's goods to foreign markets and the constantly growing demand for heat pumps.

The Management Board of the Company indicates that the above results are a consequence of the adopted strategy of the Issuer aimed at foreign expansion. The Issuer has taken further steps to increase its revenues by increasing the stock of heat pumps, which, in the opinion of the Issuer's Management Board, will be visible in the results for the next financial year.