Announcement of Petrol Group's Estimated Results for the first six months of 2012
PETROL CONTINUES TO PERFORM WELL
The Petrol Group continues to perform well in 2012, ending the first half of the year with good business results, despite still tough economic situation on the domestic, EU and SE European markets. Both in Slovenia and Croatia - the largest sales markets for Petrols products and services - we are witnessing a decline in business activity and private consumption, and increased unemployment. Market conditions in Slovenia are further worsened as a result of the drop in construction activity, which has been falling since 2008. Petrol will continue to follow its key strategic goals of providing growth, enhanced profitability and financial stability of the Group.
In the first half of 2012, the Petrol Group is estimated to have generated sales revenues of EUR 1.8 billion, up 18% from in the same period of 2011. Gross profit is estimated at EUR 157 million, 4% more than in the same period of 2011.
EBITDA for the first half of 2012 is estimated to have totalled EUR 58 million, up 4% from the same period of 2011. The Petrol Group is estimated to have generated net profit of EUR 23 million, 9% more than in the same period of 2011.
The Petrol Group is estimated to have sold 1.2 million tonnes of oil products in the first six months of 2012, up 9% from the same period of the previous year. Estimated revenues from sales of merchandise amounted to EUR 236.5 million, 10% above the figure achieved in the same period of 2011. At the end of June 2012, the Petrol Group operated 457 service stations, of which 314 in Slovenia, 90 in Croatia, 37 in Bosnia and Herzegovina, 7 in Serbia, 5 in Montenegro and 4 in Kosovo.
In the first six months of 2012, the Petrol Group is estimated to have sold 67 million m3 of natural gas, up 5% from the same period of the previous year, and 32 thousand tonnes of liquefied petroleum gas, up 25% from the same period of the previous year. The Petrol Group is estimated to have sold 1.1 million MWh of electricity, exceeding by 121% the quantities sold in the same period of 2011.
The Supervisory Board of Petrol d.d., Ljubljana will discuss the Report on Petrol Groups results for the first six months of 2012 at its meeting scheduled to take place on 28th August, 2012. After the meeting, the complete report will be published on the companys website and on the Ljubljana Stock Exchange SEOnet.
The Management Board of Petrol d.d., Ljubljana