The Group activities and the Group key assets are located mainly in Poland. Moreover, the Group runs its activities in other countries, including Ukraine. In the territory of Ukraine, the Group holds assts related to aluminium profiles manufacturing (one profiles extrusion press), as well as assets related to the distribution of aluminium systems.
The unstable political and economic situation in Ukraine results in the exposure of the said assets to the risk, which exceeds the usual economic risk. The Management Board has been analysing the situation of the Ukrainian subsidiaries on a constant basis. Neither property insurance, nor third-party liability insurance covers losses resulting from military actions. The impact of the war outbreak in Ukraine has been described in the ‘Post-balance-sheet events’ note.
The Group cooperates with multiple partners from other countries as regards the purchase and sale of trade goods. The growing geopolitical risk related to the unstable political situation in certain countries may have an adverse impact on the Group by breaking the supply chain for raw materials, or loss of some customers
