Supervisory Board Discussed Report on Petrol Group's and Petrol d.d., Ljubljana's Results for the First Six Months of 2018

Ljubljana, 24th August 2018 - The Report on the Petrol Group’s and Petrol d.d., Ljubljana’s Results for the first six months of 2018 was presented to the Supervisory Board of Petrol d.d., Ljubljana at its 17th meeting held today.

In the first six months of 2018, the Petrol Group generated the adjusted gross profit of EUR 209.4 million, which is a 10% increase on the same period of 2017. EBITDA totalled EUR 78.8 million, which is a 9% increase compared to the same period of 2017. 52% of the Petrol Group’s EBITDA derived from its sales of petroleum products. Sales of merchandise and related services accounted for 19% of the Petrol Group’s EBITDA, sales of energy and environmental solutions for 13%, sales of liquefied petroleum gas for 7%, sales of other energents for 5%, and electricity generation from renewable sources to 4% of its EBITDA. The Petrol Group’s net profit amounted to EUR 39.1 million, up 15% from the same period of 2017.

In the first six months of 2018, the Petrol Group sold 1.6 million tonnes of petroleum products, which is 2% more than in the first six months of 2017. The Petrol Group sold 11.1 TWh of natural gas, which is significantly more compared to the same period of the previous year due to the full consolidation of Geoplin d.o.o. Ljubljana. The Petrol Group sold 77.1 thousand tonnes of liquefied petroleum gas, up 6% from the same period of 2017. Revenues from sales of merchandise in the first six months of 2018 amounted to EUR 292.8 million, up 12% from the figure achieved in the same period of 2017. At the end of June 2018, the Petrol Group operated 495 service stations, of which 317 in Slovenia, 105 in Croatia, 39 in Bosnia and Herzegovina, 12 in Serbia, 11 in Montenegro and 11 in Kosovo.

In June 2018, the Petrol Group adopted its strategy for 2018 – 2022. The Petrol Group’s strategy for 2018 – 2022 is a basic corporate document which outlines, presenting the Petrol Group’s mission, vision, values, goals and strategies, its business future. Through its comprehensive range of energy solutions, the Petrol Group will ensure the sustainable and excellent supply of energy for homes, vehicles and businesses. Petrol’s business model, based on innovativeness and cost efficiency, provides simple, comprehensive, contemporary and reliable solutions to its customers. Risk management is incorporated into all levels of activities, thus contributing to the creation of new value for shareholders and maintenance of a good investment credit rating. By achieving the planned goals, the long-term financial stability of the Petrol Group will be strengthened. A stable dividend policy will result in the balance of dividend yields; free cash flow will be used to finance the investment plans of the Petrol Group. This will contribute to its long-term growth and development resulting in the maximisation of value for the owners.




Nada Drobne Popović
President of the Supervisory Board

Tomaž Berločnik
President of the Management Board