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

Orzeł Biały ended the third quarter of 2017 with an EBITDA figure at PLN 11.3 million (up 91.5% as compared to the same period of last year). The achieved result was mainly due to the increase in lead prices and a further increase in the sales volumes, compounded by the cost-effective structure of raw materials used for production. The Group continued its strategy focusing on its core business.

• EBITDA of the Group (operating profit before depreciation/amortisation) amounted to PLN 11.3 million in the third quarter of 2017, up 91.5% y-o-y, and, incrementally, a PLN 26.2 million increase in 9 months (up 41, 6% y-o-y). The profitability rate measured as EBITDA to sales revenues amounted to 6.6% in the third quarter and 5.3% in 9 months of 2017, respectively.
• Operating profit amounted to PLN 8.8 million in the third quarter and PLN 18.9 million. cumulatively in 2017, up 144.4% and 61.5%, respectively, in comparison to the previous year.
• In the area of ​​core business, the volume of lead sold in the third quarter amounted to 18.0 thousand mt (up 14.8% y-o-y) and 51.8 kt cumulatively (up 12.0% y-o-y).
• Net profit in the third quarter amounted to PLN 6.7 million versus PLN 1.2 million of net profit a year ago. Incrementally, Orzeł Biały Group earned a net result of PLN 13 million as against PLN 7.2 million in 2016.

Orzeł Biały Group, Polish producer of refined lead and lead alloys with international reach, generated revenues of PLN 324.8 million in the first half of 2017, compared to PLN 241.1 million in the corresponding period of the previous year, up 34.7%. y-o-y, which is mainly caused by the increase in LME lead prices and the increase in the sales volumes.

• Group EBITDA (operating profit before depreciation/amortisation) in the first half of 2017 amounted to PLN 14.8 million, up 17.5% y-o-y. Net profit amounted to 6.3 million PLN as compared to PLN 6.1 million of the after-tax profit figure a year ago.
• Operating profit amounted to PLN 10 million, up 23.5% versus the corresponding period of the previous year.
• In the area of ​​core operations, the volume of lead sold in the first half of 2017 amounted to 33.8 thousand mt, up 10.5% y-o-y.

Orzeł Biały invites interested parties to take note of the offer of sale of business-purpose premises located in Bytom at Siemianowicka Street.

Orzeł Biały invites interested parties to take note of the offer for the sale of investment areas located in Bytom at Siemianowicka Street.