Home / Knowledge / News / Textiles / Unipetrol Q2 revenue escalates 31% to CZK 32.440 bn
Unipetrol Q2 revenue escalates 31% to CZK 32.440 bn
Jul '14
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 driven by the operation of higher refining capacity in Ceska rafinerska and higher sales volumes across all segments (refinery, petrochemical, retail). 
-Continuous significant increase of sales volumes across all segments
-Very tough refining macro environment continued
-Profitability negatively impacted by impairment of fixed assets in refinery segment
-Operating profit EBITDA LIFO excluding impairment reached positive level of CZK 1.044 bn
-Petrochemical segment continued solid performance with EBITDA LIFO of CZK 856 million
-New crude oil transportation contract between Ceská Rafinérská and Transpetrol for 2015 – 2016 signed
Operational profit EBITDA LIFO was affected by one-off impairment of refining segment assets in Q2. Company recorded operational profit (EBITDA LIFO) of CZK-3.677 bn. Operating profitability excluding one-off impairment reached positive result of CZK 1.044 bn CZK in Q2 which implies improvement by CZK 381 m compared with Q2 of 2013.
“We recognized impairment of fixed assets of the refinery segment, due to the deteriorated mid-term outlook for refining business profitability. Operational profit EBITDA LIFO excluding this one-off item reached positive level of one billion CZK," said Marek Switajewski, Chairman of the Board of Directors and CEO of Unipetrol.”
“Very good results were posted especially within petrochemical segment, but higher sales volumes were recorded within all three segments y/y," added Marek Switajewski. 
In the refinery segment, the volume of crude processed in Q2 reached 1,331 kt, which represents 47% increase y/y. Nominal utilization ratio increased to 90% in Q2. The refinery segment recorded EBITDA LIFO of CZK -4.647 bn in 2Q14, mainly due to one-off impairment of fixed assets driven by deteriorated mid-term outlook. 
Excluding this one-off item the refinery segment posted slightly positive result (CZK +74m), first time since 4Q12. Group sales of refinery products increased to 1,130 kt (+39% y/y) in Q2, mainly due to completion of the transaction and increased share in Ceska rafinerska and thank to production without limitations compared to 2Q13. 

Must ReadView All

Textiles | On 24th Jul 2017

Gartex all set to feature garment, textile solutions

Complete value chain of garment and textile manufacturing solutions...

Courtesy: Abercrombie & Fitch

Apparel/Garments | On 23rd Jul 2017

Abercrombie & Fitch launches products on Alibaba Tmall

Abercrombie & Fitch has announced the launch of Abercrombie & Fitch...

Apparel/Garments | On 23rd Jul 2017

NRF urges Congress to reject border adjustment tax

The National Retail Federation has urged Congress to reject a...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Planning to Take the Leap towards

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search