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Selection of an audit firm for the statutory financial statements and consolidated report of Orzeł Biały S.A.12.04
2019

In relation to the inquiry posted on the website http://www.orzel-bialy.com.pl/pl/ir/komitet-audytu about the selection of an audit firm for the audit of the statutory financial statements and consolidated report of Orzeł Biały S.A. for 2019 to 2020, the Management Board of the Company hereby notifies that in accordance with the Resolution of the Supervisory Board and the recommendation of the Audit Committee, the review and audit of separate financial statements of Orzeł Biały S.A. and of the consolidated reports of Orzeł Biały Group for the years 2019 to 2020 will be made by PricewaterhouseCoopers Polska spółka z ograniczoną odpowiedzialnością Audyt sp.k.

FINANCIAL PERFORMANCE OF ORZEŁ BIAŁY GROUP IN 201809.04
2019

Orzeł Biały Group, Polish manufacturer of refined lead and lead alloys with an international reach, earned revenues of PLN 664.8 million in 2018

  • The Group’s EBITDA (earnings before interest, taxes, depreciation and amortization) amounted to PLN 29.7 million, thus resulting in profitability at 4.5%.
  • Net profit of Orzeł Biały Group amounted to PLN 14.6 million
  • In the area of ​​core business operations, the volume of refined lead sold was PLN 70.3 thousand metric tons (MT) and remained stable

Inquiry for a selection of an audit firm to audit the statutory financial statements and consolidated report of Orzeł Biały S.A. for 2019-2020.01.02
2019

Acting in accordance with the adopted Policy and the procedure for selecting an audit firm to audit the statutory financial statements and consolidated financial statements of Orzeł Biały S.A., the Supervisory Board of Orzeł Biały S.A. submits an inquiry for a selection of an audit firm to audit the statutory financial statements and consolidated report of Orzeł Biały S.A. for 2019-2020.

RESULTS OF ORZEŁ BIAŁY GROUP FOR Q3 201808.11
2018

ORZEŁ BIAŁY GROUP has been consistently pursuing the upward trend in financial results over the past few years. After 9 months of 2018, the Group earned a record EBITDA of PLN 28.4 million (up 8.3% y-o-y) which was influenced by the cost-effective structure of raw materials used for production. Q3 2018 saw the Group finishing with EBITDA (excluding one-off events) at PLN 7.9 million.

  • Orzeł Biały Group profit on operating activities amounted to PLN 5.6 million without taking into account the impact of the subsidiaries control recovery settlement at PLN (-1.2 million) and excluding the write-off for bad debts in the amount of PLN 1.7 million. Incrementally for 9 months of 2018, there was an increase of 13.9% y-o-y reported.
  • Net profit of Orzeł Biały Group in the third quarter of 2018 amounted to PLN 2.9 million. At the same time, incrementally for 9 months, it amounted to PLN 15.3 million, up 17.7% y-o-y.
  • The volumes of refined lead sold in the third quarter of 2018 amounted to PLN 15,500 mt. In turn, for 9 months it amounted to 50,000 mt.

ORZEŁ BIAŁY GROUP EARNED HIGH PROFITS FOR THE FIRST HALF OF 201810.09
2018

ORZEŁ BIAŁY GROUP completed the first half of 2018 with the EBITDA figure understood as earnings on operating activities before depreciation/amortisation at the level of PLN 20.8, up 40.5% y-o-y, mainly due to favourable cost structure of raw materials used for production.

  •  Orzeł Biały Group profit of on operating activities amounted to PLN 16.2 million., up 62% y-o-y
  •  Net profit of Orzeł Biały Group amounted to PLN 12.4 million and was almost twice as high as the result achieved in the same period last year.
  •  In the core business area, the volume of refined lead sold in the first half of 2018 amounted to PLN 34.5 kt, up 2.1% y-o-y.

GOOD RESULTS OF ORZEŁ BIAŁY GROUP FOR Q1 201817.05
2018

ORZEŁ BIAŁY GROUP completed the first quarter of 2018, with the EBITDA result understood as earnings on operating activities before depreciation/amortisation at the level of PLN 8.4 million, which represents an increase of 117% as compared to the same period last year, mainly due to favourable cost structure of raw materials used for production.

  • Orzeł Biały Group profit on operating activities amounted to PLN 6.1 million and was 4 times higher than that in the same period last year.
  • Net profit of Orzeł Biały Group amounted to PLN 5.4 million, while the corresponding period of the previous year saw the loss at PLN 0.8 million.
  • In the area of ​​core operations, the volume of refined lead sold in the first quarter of 2018 amounted to 16.6 kt.

Orzeł Biały S.A. is the laureate of the Polish Register of Cleaner Production and Sustainable Entrepreneurship26.04
2018

On April 26, 2018, the Ministry of Environment in Warsaw held a festive Cleaner Production and Circular Economy Conference during which Cleaner Production diplomas and certificates were handed out.

The increase in the results of Orzeł Biały Group in 201710.04
2018

Orzeł Biały Group, Polish producer of refined lead and lead alloys with international reach, generated revenues of PLN 677.1 million in 2017 as compared to PLN 537.3 million in the same period last year.

  • Group EBITDA (operating profit before depreciation/amortisation) in 2017 amounted to PLN 33.9 million, up 21.3% as compared to the previous figure.
  • Net result of Orzeł Biały Group amounted to PLN 15.9 million, up 238.3% as against 2016.
  • In the area of ​​core operations, the volume of refined lead sold in 2017 amounted to PLN 70.3 kt (up 7.1% y-o-y).

Visit of CIEP to Orzeł Biały S.A.16.03
2018

March 9, 2017 saw Orzeł Biały S.A. having the representatives of the Chief Inspector of Environmental Protection (CIEP) and of the Provincial Inspectorate for Environmental Protection PIEP) in Katowice, headed by Mr Tadeusz Sadowski, Silesian Provincial Inspector of Environmental Protection. The visit was related to the issue of an  import waste permit, and its purpose was to review installations for recycling of lead batteries.

Convening the Extraordinary General Meeting of Orzeł Biały S.A. along with draft resolutions.20.12
2017

The Management Board of Orzeł Biały S.A. ("The Company") encloses the contents of the announcement of the convening of the Extraordinary General Meeting of Orzeł Biały S.A., which will be held on 25.01.2018 at 11.00 am at the corporate headquarters at Piekary Śląskie. In the attachment, the Company also submits draft resolutions along with justifications, planned amendments to the  Articles of Association of the Company and the draft harmonised wording of the Articles of the Company.

At the same time, the Management Board of the Company informs that on 18.12.2017 the Supervisory Board submitted a positive opinion on the contents of resolutions to be deliberated on by the Extraordinary General Meeting.

Legal basis: MFR WSE § 38 Para. 1 Cl. 1, 2 and 3

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Orzeł Biały S.A.

NIP 626-000-31-39
REGON 270647152
KRS 0000099792 District Court in Gliwice,
10th Department Commerce of the National Court Register
Equity PLN  7,159,779.07 PLN paid in full

Contact

Telephone +48 (32) 779 65 00
Email office@orzel-bialy.com.pl
Adress ul. Harcerska 23
41-946 Piekary Śląskie

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