Unipetrol Q2 revenue escalates 31% to CZK 32.440 bn

The retail segment recorded a positive EBITDA LIFO of CZK 120m in 2Q14, mainly due to higher fuel and non-fuel sales volumes, supported by moderate economic recovery in the Czech Republic and partly by the new legislation for mitigation of illegal imports. Benzina increased its market share from 14.1% to 14.9% y/y. Results of the segment were negatively affected by lower fuel margins, gasoline in particular, caused by strong competition on the Czech market, especially in Prague and surroundings.

 

In Q2 Unipetrol Group posted revenues of CZK 32.440 bn, indicating an increase of 31% y/y compared with the Q2 of 2013. The increase was especially #

On 25 June 2014, CESKÁ RAFINÉRSKÁ, a.s. and the Slovak national pipeline operator TRANSPETROL, a.s. signed a pipeline transportation contract that determines new tariffs for crude oil transportation to the Czech Republic through the Slovak branch of the Druzhba Pipeline for the years 2015 and 2016. Russian Export Blend Crude Oil (REBCO) from the Russian Federation is transported through the Druzhba Pipeline to the Litvínov refinery in the Czech Republic which is owned and operated by CESKÁ RAFINÉRSKÁ, a.s. The part of the Druzhba Pipeline located on the territory of Slovakia is owned and operated by TRANSPETROL, a.s. The contract closed with Transpetrol is important in terms of the Czech Republic’s oil security. 

 

In Q2 Unipetrol Group posted revenues of CZK 32.440 bn, indicating an increase of 31% y/y compared with the Q2 of 2013. The increase was especially #

UNIPETROL, a.s. is a group of companies operating in the petrochemical industry in the Czech Republic. In 2005 UNIPETROL became a part of the PKN ORLEN Group, the largest oil processor in Central Europe. The UNIPETROL Group is oriented mostly towards oil processing, fuel distribution and petrochemical production. In all of these business areas the UNIPETROL Group is among the key players both in the Czech Republic and on the Central European market. The Group ranks among the leading firms in the Czech Republic in terms of its revenues, and employs 3700 people.

 

In Q2 Unipetrol Group posted revenues of CZK 32.440 bn, indicating an increase of 31% y/y compared with the Q2 of 2013. The increase was especially #