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Unipetrol reports third quarter results: net profit amounted to CZK 1 billion

24-10-2019  

  • Unipetrol Group’s revenue at CZK 34.8 billion
  • EBITDA LIFO amounted to CZK 2.5 billion
  • Net profit totalled CZK 1.0 billion
  • Investment stood at CZK 1.4 billion
  • Benzina reconstructed another 16 filling stations, the Stop Cafe bistro is available at 298 stations already
 
Prague, October 24, 2019 – Refinery and petrochemical group Unipetrol has published its financial results for the third quarter of 2019. Revenue amounted to CZK 34.8 billion. Earnings before interest, tax, depreciation and amortisation (EBITDA LIFO) totalled CZK 2.5 billion. The net profit stood at CZK 1.0 billion. In the retail segment, Unipetrol continued cementing its leading position in the Czech Republic and developing its activities in Slovakia.

“We saw good results in the third quarter, too. We were successful in both wholesale and retail segments and thus we managed to generate a net profit of CZK one billion despite the challenging macroeconomic situation. In the retail segment, we continue in modernization of Benzina filling stations. We have already equipped almost 300 stations with the Stop Cafe concept. We carry on expanding out network in Slovakia, where we want to become one of the key players soon,” said Tomasz Wiatrak, CEO of the Unipetrol Group.

The volume of processed oil amounted to 2.132 million tonnes. Sales volumes of refinery products amounted to 1.796 million tonnes and of petrochemical products to 429 thousand tonnes. Investments in the third quarter amounted to CZK 1.4 billion. Unipetrol is continuing modernization of the Benzina network, expanding the Stop Cafe gastro concept and preparing a new polyethylene unit start-up.
 
In the third quarter, Unipetrol operated 413 service stations under the Benzina brand in the Czech Republic and equipped 16 more stations with the Stop Cafe concept which is already available at 298 stations. Unipetrol increased its market share in the retail sale of vehicle fuels in the Czech Republic to 24%. At the end of September, the Slovak antimonopoly office confirmed that Benzina can take over seven more filling stations in western Slovakia which are now gradually being put into operation.
 
 
 
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The Unipetrol Group is the largest refinery and petrochemical company in the Czech Republic. It focuses primarily on crude oil processing, distribution and sale of fuel and petrochemical products — particularly plastics and fertilisers. In all these fields, the group is a key player on both the Czech and Central European market. The Unipetrol Group includes refineries and production plants in Litvínov and Kralupy nad Vltavou, Paramo with the Mogul brand in Pardubice and Kolín, Spolana in Neratovice, and two research centres in Litvínov and Brno. Unipetrol also owns the Benzina network of petrol stations with 413 stations, which is the largest chain in the Czech Republic. Unipetrol is one of the largest companies in the Czech Republic in terms of turnover. The group created revenue of over CZK 130 billion last year and employs more than 4800 people. In 2005, Unipetrol became part of the PKN Orlen Group, the largest crude oil processor in Central Europe. 
 
Contact details:
Pavel Kaidl, Spokesperson, phone: +420 225 001 407, +420 736 502 520, e-mail: pavel.kaidl@unipetrol.cz

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