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    INTEGER.pl SA
    ul. Malborska 130,
    30-624 Cracow

    tel. 12 619 98 00,
    fax 12 619 98 01

    INTEGER.PL GROUP: THE RESULTS FOR THE FIRST 6 MONTHS OF 2010

    Cracow, 1st October 2010

     

    INTEGER.PL GROUP: THE RESULTS FOR THE FIRST 6 MONTHS OF 2010

    INCREASE IN SALES: 67.8%, IN NET PROFIT: 34.2%, IN OPERATING PROFIT: 87.7 %

     

    Integer.pl Group, the leading Polish postal group and an independent financial operator, has reported the consolidated net profit of 7.39 million PLN in the first 6 months of 2010, which indicates a 34.17% increase when compared to the analogous period of the previous year. In the past 6 months the Group increased its consolidated profit by nearly 67.8%, from 56.4 million to 94.68 million PLN. The net return has reached 7.8%. Integer.pl Group generated 12.09 million PLN of operating profit during the first 6 months this year, which means an increase by 87.69% if compared to the analogous period of the previous year; the consolidated EBITDA has risen by 130.5%, reaching 16.77 million PLN.

     

     

    Despite the weak condition of WSE, Integer.pl succeeded in maintaining a firm financial market position in the first 6 months of 2010. The company is one of 18 listed companies which are thought to be the best investments for the incoming year, according to a survey conducted by Dziennik Gazeta Prawna, a Polish economic newspaper, among stock exchange analysts. Integer.pl is the company which reaped the greatest profits among the eighteen: since August 2009, our share price has gone up by more than 80%, our rate of return for the first 6 months of 2010 reached 45.79%, which means a increase of 347.55% counting from the date of our entry on the WSE.

     

    Source: http://www.money.pl/gielda/spolki_gpw/integer;pl;sa,ITG,informacje.html

     

    In May 2010, Integer.pl was nominated by Gazeta Giełdy Parkiet to the Pearl of Polish Stock Exchange Award, the list of the most valuable WSE-listed companies. The company ranked 79 among 348 entities. What influenced our place in the ranking were good financial results between 2007 and 2009, market value, and dynamic increasein share prices. Moreover, thanks to a great dynamics of growth and net profit, Integer.pl was listed as one of the Cheetahs of Business of Malopolskie Voivodeship in June 2010.

     

    A big number of significant investment players among our shareholders is another proof of confidence we enjoy. In March 2010, for instance, Nordea Pension Funds increased its involvement in the share capital of Integer.pl by 5.31%.

     

    "Thanks to active business policy and frequent actions aiming at the implementation of advanced products and services, Integer.pl is one of the most WSE-listed companies. On 20th July 2010 the analysts of the IDMSA stock broking company raised a yearly target price for our shares by 10% to 80 PLN, which clearly points to the potential of our company on the financial market. We are convinced that the actions taken by Integer.pl are going to reassure the investors that the involvement in our company is a the right and profitable investment", said Rafal Brzoska, the President of the Board of Directors of Integer.pl.

     

    During the first 6 months of 2010, the Group was putting into practice a strategy based on the offensive on the e-commerce market. Between January and June 2010, InPost implemented the parcel machines services in two more voivodeships. By 2009, 200 machines in 39 towns and cities in the whole of Poland had been installed and fully operational. By the end of the first half of 2010, the service had been available via 300 machines and by the end of 2010, the number of 450 parcel machines, "Paczkomaty" in Polish, will have been installed. Ultimately, the company plans on using 800 machines in the whole of Poland.

     

    What is more, the incorporation of CP Telecom into Group in June 2010 was aimed at establishing a bridgehead in innovative services in direct marketing with the use of a GSM operator by InPost. The incorporated company is going to introduce new direct marketing solutions at the turn of the third and fourth quarter of 2010. Additionally, thanks to the takeover of a major e-commerce player in July 2010, InPost is able to launch the first e-invoicing facility in Poland . The project will be based on the telecom infrastructure owned by InPost and the innovative solutions developed by the Group such as parcel machines 24/7. The project is going to be put into practice in 2010.

     

    According to the strategy employed, the share of non-standard sources of profit (including the electronic ones) in the income structure of the company within the next few year will constitute at least 30%.

     

    "The implementation of new technologies which have to potential to revolutionise the way the postal-courier sector has been operating is the reason why Integer.pl Group has been constantly gaining more ground on the market. InPost is striving to increase the pace of the development of the postal sector in Poland. We are fighting for an equal playing field for all independent operators and the high quality of services for affordable prices for the customers. Transforming ossified structures and being a trailblazer is not easy, but InPost stimulates the sales and increases the range of services provided, in spite of stiff resistance of the national operator, or monopolist, and state institutions responsible for the implementation of regulatory laws impeding our actions. Our competitiveness is constantly rising, which guarantees an increase in income and gain in the next years", adds Rafal Brzoska.

     

    Integer.pl continued activities in the first half of 2010 on the Ukrainian market, as one of the ways to reach its goals. The company is already providing distribution services in 130 towns and cities and is the biggest company of this type in Ukraine. The parcel machines services will be the next stage of involvement in that country. By the end of 2013, the company will  have covered the whole country with the network of its services. In line with the strategy for 2010-2012, Integer.pl also strives to increase its sales in the door drop distribution sector in Poland by 60% by the end of 2011.

     

    Strengthening InPost position on the market of letters and parcels distribution is the key aim of InPost. We distributed around 66 million letters and parcels during the first 6 months of 2010, which stands in contrast with 26.2 million in the analogous period of 2009. This means 11 million distributed items per month and indicates the increase in the volume of distributions by 151.9% by every year. The tendency which we are observing suggests further dynamic increase in the number of deliveries, until 17/19 million letter and parcels monthly by the end of 2010.

     

    By the end of 2011, the number of localities where we provide services is going to rise to 450for individual customers and 6000 for institutional customers (not only those with the use of parcel machines). For the time being, Integer.pl Group services 3800 localities. Moreover, we are planning to increase our engagement in courier sector by further distribution of regular parcels and increasing the range of parcel machines.

     

    In the first half of 2010, InPost also started e-documents outsourcing service. Together with a Krakow-based company, Fibra-Hallo.pl, InPost is implementing a comprehensive and innovative system of correspondence handling, which will be fully in use in the third quarter of 2010.