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INI-314/21

CINKARNA CELJE, d.d., Celje

Quarterly report for the period from 1.1.2021 to 31.3.2021

Pursuant to Articles 124 and 130 of the Market in Financial Instruments Act (ZTFI-1, Official Gazette of the Republic of Slovenia No. 77/2018) and Articles 7 and 17 of Regulation of the European Union no. 596/2014, the company publishes a Business Report for the first three months of 2021. The report was discussed by the company's Supervisory Board at its meeting on 11 May 2020.

In the first three months of 2021, we realized sales of 5% more than sales in the first three months of 2020. The increase in sales was influenced by favourable demand from all geographical segments, which is related to general increase in consumer optimism. Non-competitiveness of Asian suppliers has established a favourable sales trend in the European pigment market, where supply is tightened, demand is robust. In parallel with that there is also pressure on the input side. Net profit for the first quarter reached EUR 7.4 million and is 8 % more than in the comparable period last year, when it reached EUR 6.9 million. EBITDA reached EUR 12.6 million and accounts for 25% of sales achieved. In comparison with the previous year EBITDA is higher by 10%.

The information will be published on 12 May 2021 on the company's website www.cinkarna.si and will be available for at least 5 years from the date of publication.

Management board
Cinkarna Celje d.d.
Date: 12.05.2021