NowyStyl_Raport CSR_2020-2021_EN

The main premise of Nowy Styl’s business strategy is to combine organic growth with acquisitions of companies whose portfolios complement our offering and allow us to expand our operations into new sectors and markets. By organic growth we mean, above all, strengthening the existing commercial structures in the individual countries, continuous improvement of customer relations, building a global image, making choices to focus more strength and resources in key markets and leading segments, investing in production and logistics, devel- oping new proprietary products and seeking partners with whom we can gain a competitive advantage. GRI 201-1 GRI 102-45 GRI 102-7 GRI 102-2 1.3 Strategy Our brands The largest and dominant brand with a comprehensive portfolio of products and services for office and public spaces. Durable seating and auditorium solutions for sports venues, cinemas, theatres, concert halls and lecture theatres. A wide selection of robust and ergonomic office and conference chairs at affordable prices and of good quality. A local Swiss brand with a tradition, offering high-quality chairs and office furniture. Excellent quality and design of chairs and furniture, as well as specialised solutions for the healthcare sector and passenger terminals. Capital Group sales revenue 2020-2021 (net EUR million) €336 million €327 million 2020 2021 2019 marks the beginning of the global COVID-19 pandemic, which has affected almost every industry. It has not spared the office furniture segment either, which is why we saw a decline in 2020-2021 sales revenue. Financial results of Nowy Styl sp. z o.o. Capital Group (PLN million) All figures are in PLN million 2020 2021 Sales revenue 1,452 1,535 Operating expenses excluding salaries and employee benefits 914 984 Salaries and employee benefits 473 456 Payments to investors 0 0 15