Locked content Grupa Lotos prelim. Q4 EBITDA LIFO at PLN 0.89 bln

Fuel giant Grupa Lotos reported preliminary EBITDA LIFO of PLN 0.89 billion in Q4. LIFO effect reduced the operating result by PLN 0.17 bln, Lotos said. At the same time, Q4 consolidated EBIT likely got a PLN 0.3 bln boost on account of several one-offs. Preliminary revenue stood at PLN 7.92 billion...

Locked content Former Lotos CEO may face up to 8 years in prison

The former Lotos CEO Paweł O. and three other persons detained by Polish anti-corruption investigators are alleged in mismanagement that may have caused PLN 250,000 damage to Lotos. Allegations are related to a contract dating back to 2011 signed with a private company for consulting services. The C...

Locked content Former president of Lotos detained by CBA

Officers from the Gdańsk Delegation of the Central Anticorruption Bureau (CBA) have detained four people in connection with the investigation concerning mismanagement of Grupa Lotos. Among the detainees is the former president of the board of Lotos, said the Social Communication Department of the CB...

Locked content Grupa Lotos plans to open 11 Subway restaurants in H1

Fuel giant Grupa Lotos, which currently manages 24 Subway restaurants, plans to open additional 11 in H1 2019, the company said. Almost half of Subway restaurants currently owned by Lotos are located next to motorways and expressways. Last year fuel company opened seven Subway points – in Rado...

Locked content Grupa Lotos plans to have 550 stations by 2022

Grupa Lotos expanded its network of petrol stations by 10 in Q4, the company said. All new facilities are franchise stations. In total, out of 495 stations under the Lotos brand, 189 are franchise stations, and the remaining 306 are own stations. According to the strategy for 2017-2022, the company ...

Locked content Grupa Lotos and Microsoft will initiate joint projects

Grupa Lotos and Microsoft have signed an agreement under which they will initiate joint projects and implement solutions using artificial intelligence and the latest IT technologies, Lotos informed in a press release. Cooperation between companies begins with the creation of the Competence Center fo...

Locked content Grupa Lotos with PLN 631.6 mln net profit in 3Q 2018

Lotos Group has recorded PLN 631.6 million in consolidated net profit in the third quarter of 2018 against PLN 618.8 million profit a year earlier, the company said in a report. Operating profit amounted to PLN 886.8 million compared to PLN 756.5 million profit a year earlier. The EBITDA result reac...

Locked content PKN Orlen pre-notifies EC on merger with Lotos

PKN Orlen sent complete analysis of the merger with Grupa Lotos to the European Commission (EC), as part of the pre-notification process – PKN Orlen CEO Daniel Obajtek informed. “We are in constant talks with the EC and we want to prove that the merger is not a threat to competition on t...

Locked content Grupa Lotos Q2 net profit jumps to PLN 534.9 mln

Fuel giant Grupa Lotos Q2 net profit grew to PLN 534.9 million from PLN 157.4 million a year ago. Operating profit was PLN 897.9 million versus PLN 172.9 million y/y. EBITDA stood at PLN 1.08 billion versus PLN 383.6 million y/y. Consolidated revenue rose to PLN 7.53 billion from PLN 5.45 billion in...

Locked content Lotos with PLN 1.08 bln EBITDA for Q2

Fuel giant Grupa Lotos posted preliminary EBITDA for Q2 at PLN 1.08 billion and consolidated operating profit (EBIT) at PLN 0.89 billion. The company’s consolidated EBITDA LIFO excluding one-off items is estimated at PLN 0.82 billion, including PLN 0.58 billion for production and retail and PLN 0.24...