Report on the Operations of the Petrol Group and Petrol d.d., Ljubljana in the First Six Months of 2017 Discussed by the Supervisory Board
Ljubljana, 24 August 2017 – At its 4th meeting held today, the Supervisory Board of Petrol d.d., Ljubljana was briefed on the Report on the Operations of the Petrol Group and Petrol d.d., Ljubljana in the first six months of 2017.
The Petrol Group recorded an adjusted gross profit of EUR 190.4 million in the first half of 2017, a year-on-year increase of 9 percent. EBITDA amounted to EUR 72.4 million or 10 percent more than in the same period of 2016. The Group generated 56 percent of its EBITDA from the sale of petroleum products, 19 percent from the sale of merchandise, 16 percent from energy and environmental systems, 6 percent from the sale of liquefied petroleum gas and 3 percent from the sale of and trading in other energy products. The Petrol Group's net profit totalled EUR 34.0 million, up 6 percent year-on-year.
In the first six months of 2017, the Petrol Group sold 1.5 million tons of petroleum products, which was 7 percent more than in the first half of 2016. Natural gas sales stood at 704.8 thousand MWh, down 1 percent from the same period of the previous year, with the sales of liquefied petroleum gas amounting to 72.5 thousand tons or 5 percent more than in the same period of 2016. EUR 259.6 million was generated from the sale of merchandise in the first half of 2017, a 6-percent increase over the comparable previous year's figure. At the end of June 2017, the Petrol Group operated over 490 service stations, of which 316 in Slovenia, 106 in Croatia, 37 in Bosnia and Herzegovina, 10 in Serbia, 10 in Montenegro and 11 in Kosovo.
The Petrol Group will continue to pursue an active sales policy, optimisation of all business processes and efficient risk management. Thanks to its performance, the Petrol Group is well on track to meet its goals.
Nada Drobne Popović
President of the Supervisory Board
President of the Management Board