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Category: Half yearly financial reports and audit reports/limited reviews
Published on: SEOnet
Published at:  30.08.2019 08:15
Published document ID: SAR-23/19
SAR-21/19

PETROL d.d., Ljubljana

Supervisory Board Discussed Report on Petrol Group's and Petrol d.d., Ljubljana's Results for the First Six Months of 2019

The information contained in this announcement will remain posted on the website of Petrol d.d., Ljubljana (www.petrol.si) at least 10 years from the date it is published.

Ljubljana, 29th August 2019 - The Report on the Petrol Group’s and Petrol d.d., Ljubljana’s Results for the First Six Months of 2019 was presented to the Supervisory Board of Petrol d.d., Ljubljana at its 25th meeting held today.

In the first six months of 2019, the Petrol Group generated the adjusted gross profit of EUR 231.9 million, which is an 11% increase on the same period of 2018. EBITDA totalled EUR 98.7 million, which is a 25% increase compared to the same period of 2018. 44% of the Petrol Group’s EBITDA derived from its sales of oil products. Sales of merchandise and related services accounted for 17% of the Group’s EBITDA, sales of other energy products (natural gas and electricity) for 15%, sales of energy and environmental solutions for 13%, sales of liquefied petroleum gas for 7%, and the production of electricity from renewable sources for 4% of its EBITDA. The Petrol Group’s net profit amounted to EUR 40.7 million, up 4% from the same period of 2018. The business results achieved in the first six months of 2019 reflect the Petrol Group’s success in fulfilling its goals set for 2019.

In the first six months of 2019, the Petrol Group sold 1.9 million tonnes of oil products, which is 17% more than in the first six months of 2018. The Petrol Group sold 90.1 thousand tonnes of liquefied petroleum gas, up 17% from the same period of 2018.  In the first six months of 2019, the Petrol Group sold 12.3 TWh of electricity and 10.0 TWh of natural gas. Revenues from sales of merchandise in the first six months of 2019 amounted to EUR 236.7 million, up 4% from the figure achieved in the same period of 2018. At the end of June 2019, the Petrol Group operated 507 service stations, of which 319 in Slovenia, 108 in Croatia, 42 in Bosnia and Herzegovina, 14 in Serbia, 13 in Montenegro and 11 in Kosovo.

At the Petrol Group, we are aware that modern, well-integrated information technology is indispensable for smoot operation and optimisation of business processes. In 2019, after 18 months of preparatory activities, a new business information system “SAP” was launched. Linked to the introduction of SAP was the upgrading of a number of other related IT solutions. New websites were launched as well as the comprehensively upgraded “self-care” portal entitled “MojPortal” (web solution and mobile application), which provides the customers with a modern and user-friendly solution leading to a still better user experience.

Nada Drobne Popović
President of the Supervisory Board

Tomaž Berločnik
President of the Management Board
Date: 02.09.2019