2017

Orzeł Biały Group, Polish producer of refined lead and lead alloys with international reach, generated in the first quarter of 2017 revenues of PLN 162.7 million as compared to PLN 114.9 million in the corresponding period of the previous year.

• Group EBITDA (operating profit before depreciation/amortisation) in the first quarter of 2017 amounted to PLN 3.9 million, down 37% y-o-y. Net loss amounted to PLN 0.8 million as compared to PLN 2.6 million of net profit a year ago.
• Operating profit amounted to PLN 1.5 million, down 63% as against the same period of the previous year.
•  In the area of ​​core business, the volume of lead sold in the first quarter of 2017 amounted to 17.7 thousand metric tonnes while in the corresponding period of the previous year it amounted to 14.6 kt. 

in 2016 , Orzeł Biały Group increased its profitability in the area of ​​core operations from 2.8% to 5.2% y-o-y, mainly due to increased efficiency of production processes, a cost-effective structure of the inputs as well as consistent focus on recycling activities and the production of refined lead.

• Orzeł Biały Group generated revenues of PLN 537.3 million, up 5.7% y-o-y.
• EBITDA of the Group (result on operating activities plus depreciation & amortisation), before adjusting for goodwill and shares in affiliates in the total amount of 9 million, amounted to PLN 28 million, while in 2015 it was PLN 25.4 million.
• In the area of ​​operations, the volume of lead sold in 2016 amounted to 65.7 thousand metric tonnes, up 5.5% y-o-y, while the share of more technologically advanced alloys increased in the entire sales structure.

On 08.03.2017, the Tenderer, by way of a Communication regarding the change to the contents of the Tender Offer to subscribe for the sale of shares of Orzeł Biały S.A. based at Piekary Śląskie announced on January 23, 2017 (“The Tender Offer“) by NEF Battery Holdings S.à.r.l. based in Luxembourg (“The Tenderer“) by agency of IPOPEMA Securities S.A. (“Brokerage House“), informed about the extension of the deadline for submitting subscriptions under the Tender Offer. In connection with this, the following dates of the Tender Offer are changed as indicated in Cl. 11 of the Tender Offer document:

As far as remaining provisions are concerned, Cl. 11 of the Tender Offer remains unchanged, including the possibility of further prolonging or shortening the deadline for accepting subscriptions in the Tender Offer.