Supervisory Board Discussed Report on Petrol Group's and Petrol d.d., Ljubljana's Results for the First Six Months of 2015

Ljubljana, 27th August, 2015 - At its 20th meeting held today, the Supervisory Board of Petrol d.d., Ljubljana discussed and approved the Report on the Petrol Group’s and Petrol d.d., Ljubljana’s Results for the first six months of 2015.

In the first six months of 2015, the Petrol Group generated gross profit of EUR 165.9 million, representing an increase of 5% on the same period of 2014. Cash flow from operating activities before working capital changes totalled EUR 62.5 million, an increase of 3% compared with the same period of 2014. The Petrol Group’s net profit amounted to EUR 25.3 million, up 6% from the same period of 2014.

The Petrol Group achieved good business results in its energy segment. The energy activity is becoming an increasingly important part of the Group’s operations, already accounting for 19% of its cash flow from operating activities before working capital changes. In spite of harsh economic conditions, the Petrol Group achieved good business results in its oil trading activity on the SE European markets, where 19% of its cash flow from operating activities before working capital changes was generated. The Petrol Group generated 58% of its cash flow from operating activities before working capital changes through its oil trading activity in Slovenia where it is still faced with demanding economic conditions. Sales prices of oil products in Slovenia, which were, due to high excise duties and other taxes, mostly higher compared to the neighbouring countries, had negative impact on the Slovenian oil trade. 4% of cash flow from operating activities before working capital was generated through the Petrol Group’s oil trading activity on the EU markets.

In the first six months of 2015, the Petrol Group sold 1.3 million tonnes of oil products, 2% more than in the first six months of 2014. The Petrol Group sold 68.5 million m3 of natural gas, up 9% from the same period of the previous year, 37.1 thousand tonnes of liquefied petroleum gas, up 19% from the same period of 2014, 6.4 TWh of electricity, 74% more than in the first six months of 2014, and 73.1 thousand MWh of heat, an increase of 86% on the figure for the first six months of 2014. Revenues from sales of merchandise in the first six months of 2015 amounted to EUR 238.7 million, 3% up the figure achieved in the same period of 2014. At the end of June 2015, the Petrol Group operated 482 service stations, of which 316 in Slovenia, 102 in Croatia, 39 in Bosnia and Herzegovina, 8 in Serbia, 9 in Montenegro and 8 in Kosovo.

Thorough its active sales policy, further optimisation of all business processes and efficient risk management, the Petrol Group will endeavour to operate its business successfully in the demanding economic conditions. The achieved results show that the Group is successful in pursuing its goals.




Tomaž Kuntarič
President of the Supervisory Board

Tomaž Berločnik
President of the Management Board