2012

In the past 2 years (2010 to 2012) the Company’s four-strong Management Board did not have any woman incumbent (0%). In the said period, the Supervisory Board of Orzeł Biały S.A. consisting of five members has had and still has one woman member incumbent (20%).

• Orzeł Biały, Poland`s largest company specialising in the recycling of end-of-life lead-acid batteries and accumulators, earned revenues at PLN 196.7 million in H1 2012 and reached almost PLN 20 million of EBITDA (operating profit before depreciation and amortisation) and nearly PLN 11 of pre-tax profit. The volume of lead processed and shipped increased in H1 2012 to 26.7 kT, up 11,7% y-o-y.
• The market circumstances are not favourable, notably as regards the raw material as battery scrap. The Company has been reporting lower volumes with simultaneously higher prices.
• Adapting to present market conditions, the Company has been launching initiatives to improve efficiencies in coming quarters.

The Management Board of Orzeł Biały S.A. hereby announces that on 12.06.2012 it received the Decision by the District Court Katowice – Wschód in Katowice, 9^th Division Commerce of the National Court Register dated 31.05.2012, by virtue of which the change was registered to the corporate headquarters of Orzeł Biały S.A.

The new corporate address of Orzeł Biały S.A.
ul. Roździeńskiego 24
41-946 Piekary Śląskie
At the same time, the correspondence address and other telecommunications particulars remain unchanged.

The corporate correspondence address of Orzeł Biały S.A.
ul. Siemianowicka 98
41-902 Bytom

Orzeł Biały, Poland`s largest company specialising in the recycling of end-of-life lead-acid batteries and accumulators, earned revenues at PLN 94.4 million in Q1 2012, or up 5.4% as against the similar period of 2011. The pre-tax profit of Q1 was PLN 5.8 million, up 8.7% as against the previous year. The volume of lead processed and shipped in Q1 2012  was 13 Kt, or more than 10.8% more than in the same period of 2011.

Orzeł Biały, Poland`s largest company specialising in the recycling of end-of-life lead-acid batteries and accumulators, earned revenues at PLN 383.6 million in Q4 2011, up 15.5% as against 2010. The pre-tax profit last year was PLN 37.5 million – against PLN 3.2 million a year ago*. The volume of lead processed and shipped in 2011 hit a record high and was 51.1 kT, up more than 6% as against 2010.