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KGHM with the Economic Award of Polish Radio in the category "Good Management"

KGHM with the Economic Award of Polish Radio in the category "Good Management"

Friday, 14 June, 2019

The award ceremony took place on 13 June. It was already the third edition of the competition organised by the Chief Economic Editorial Department of Polish Radio. The annual national ranking aims to promote Polish economy and companies that effectively contribute to the economic growth of the country. The awards are granted in five categories - Breakthrough Solution, Polish Philanthropist, National Treasury, Polish Business Ambassador and Good Management.

KGHM received the award in the latter category. According to the idea of the award, it is to honour not only the achievements of the company's management in the sphere of financial efficiency, but also in other aspects related to the development of a modern enterprise.

"The distinction in the category of Good Management is primarily an expression of appreciation for our business philosophy, which is adhered to and implemented by 34 thousand employees within the KGHM Group. I think we have created such an atmosphere of cooperation and trust that we manage to tackle difficult production issues. It is already visible on the example of the first months of this year in terms of the scale of our production and exports", said President Marcin Chludziński.

The Polish Radio Economic Award Chapter paid attention to the good management of the company, which is reflected in the production and sales results for the previous year. The electrolytic copper production plan assumed for 2018 was exceeded by 1.6%, while the silver production plan was 2% higher than assumed. Thanks to effective implementation of the production targets, product sales were also 1.7% higher than assumed. Ultimately, the revenues of KGHM for 2018 compared to the previous year increased by 0.8% to PLN 20.5 billion. The data so far for 2019 confirm that the Group's production and sales results continue to exceed the original assumptions.

The organisers of the Competition admitted that Good Management means not only taking care of financial results and maintaining business relations, but also taking care of employees, local communities and the environment. KGHM is one of the most important sponsors of culture, science and sport in Poland. The company is, among others, patron of the Royal Castle in Warsaw, the Wrocław Opera House and many local, regional and national cultural events. As a sports patron, KGHM supports sports teams such as Zagłębie Lubin, but also 20 individual sportsmen, who are scholarship holders of the Copper Rivalry Programme.

In June this year, KGHM, together with the KGHM Foundation, inaugurated the "Guides" leadership school. Within its framework, young Polish leaders will be trained by professional advisors from Poland and the USA, including, among others, American generals. A group of 30 students and university graduates will take part in a series of lectures preparing for future work in business, administration and non-governmental organisations.

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