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Another good quarter of Orzeł Biały

In the first quarter of this year, the revenues of Orzeł Biały Group of Companies increased by more than 57 per cent as compared to the same period last year and amounted to PLN 72.4 million. The Group recorded a pre-tax profit of PLN 7.3 million as compared to a loss in the first quarter of 2009. EBITDA reached PLN 12 million while the operating profit exceeded PLN 10.1 million.

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Orzeł Biały ends a difficult year

The revenues of Orzeł Biały Group of Companies in 2009 amounted to 198.5 million, down 24.6 per cent as against last year. The pre-tax profit reached PLN 14.4 million as compared to 35.3 million in 2008. Just in the Q4 the revenues amounted to PLN 67.4 million and the pre-tax profit stood at PLN 10.7 million, or up 14 and 43 per cent, respectively, against the similar period of  2008.

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Orzeł Biały sums up H1 2009

Orzeł Biały S.A. ended the first half of 2009 with sales revenue at PLN 83.4 million. The Company recorded in this period a net loss of PLN 1.4 million. In the first half of the year, the impairment losses on assets in the total amount of PLN 6.3 million has the decisive impact on the operating result, in connection with the initiated proceedings before the Court of Competition and Consumer Protection. Disregarding such one-off events, the operating profit of the Group would have been positive and amounted to PLN 4.2 million, says Zbigniew Rybakiewicz, President of the Management Board of Orzeł Biały S.A.

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Appeal against the decision of the UOKiK President for the merger of Orzeł Biały S.A. and Baterpol Sp. z o.o.

The Management Board of Orzeł Biały S.A. headquartered in Bytom announces that on 19 March, 2009 it filed an appeal against the Decision of the President of the Office of Competition and Consumer Protection UOKiK against the merger of Orzeł Biały S.A. and Baterpol Sp. z o.o.

 

Orzeł Biały S.A. has been entered into the Polish Register of Cleaner Production and Sustainable Enterprise 2008.

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Corrigendum to GG Parkiet article

The Management Board of Orzeł Biały S.A. hereby notifies that the edition of Gazeta Giełdy Parkiet dated 6 March, 2009 in the article entitled „OCCP prohibited the acquisition of Baterpol by Orzeł Biały” featured a false piece of information as if allegedly the President of the management Board Zbigniew Rybakiewicz announced the collaboration of companies of Orzeł Biały S.A. and Baterpol Sp. z o.o.

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Orzeł Biały to buy Baterpol

Orzeł Biały S.A. announced the completion of negotiations for the acquisition of Baterpol. Yesterday, the preliminary agreement was signed for the sale of 100% stake in Baterpol in favour of Orzeł Biały. The agreement was concluded between Polski Cynk sp. z o.o. and Orzeł Biały S.A., with the participation of Impexmetal S.A., which is the dominant entity of Polski Cynk.

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Orzeł Biały exceeds forecasts

Orzeł Biały S.A. Group of Companies ended 2007 with very good performance results, exceeding forecasts increased in November. The sales revenue amounted, after four quarters, to PLN 284.9 million as against PLN 124.9 million in 2006. That is more than a 128 percent increase. The pre-tax profit for the 12 months of 2007 amounted to nearly PLN 39.3 million.

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B Series Shares allotment

15 October saw the Management Board of Orzeł Biały allotting the B Series shares. As part of the Public Offering all offered shares, i.e. 1 800 000 pieces, were allotted with a value of PLN 50 400 000.

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Prospectus published

Today, the Prospectus of Orzeł Biały S.A. was published.  The  printed version of the Prospectus is available at DMIDMSA Customer Service Points and at the offices of the Company.

We invite you to read the Prospectus

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Polish Financial Supervision Authority KNF approved the prospectus of Orzeł Biały S.A.

The Polish Financial Supervision Authority KNF approved today the Prospectus in its entirety, which consists of a securities note and a summary note with a registration document approved on 13 August, 2007 in connection with the public offering of Series B shares and the intention to apply for admission to trading on a regulated market of A and B series shares and rights to B series shares (a brokerage house IDM is an Offeror).

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Orzeł Biały IPO. Orzeł Biały plans to go public at the Warsaw Stock Exchange this year.

Orzeł Biały S.A. plans this year to go public at the Warsaw Stock Exchange.
At present, the Polish Financial Supervision Authority KNF is in the process of approving the Securities Note and the Summary Note. The Company wants to acquire in a public offering approx. PLN 56.5 million. The capital will be allocated primarily for the modernisation of the technological process and for working capital. A brokerage house IDM is an Offeror.

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