Unipetrol Q1'14 revenues mount 16%

Operational profit EBITDA LIFO in the petrochemical segment amounted to CZK 997m in 1Q14. Company recorded sales increase of petrochemical products to 440kt in Q1 (9% y/y). The results of the segment were positively influenced by y/y increase of petrochemical margins, development of FX – stronger exchange rate EUR/CZK and EUR/USD and higher steam cracker and polyolefin unit utilization. In several polyolefin segments the products season started earlier due to mild winter. Renewable energy charges (OZE) still burdens results of petrochemical segment. 

 

In Q1 Unipetrol Group posted revenues of CZK 28.809 bn, indicating an increase of 16% y/y compared with the first quarter of 2013. The increase was #

The retail segment recorded a positive EBITDA LIFO of CZK 100m in 1Q14 (+56m y/y), mainly due to better fuel margins, higher fuel sales volumes, caused by moderate economic recovery in the Czech Republic, mild winter and partly by the new legislation for mitigation of illegal imports (amendment to Act on Fuels in force from October 1st). Better results of the segment were also affected by higher non-fuel sales, driven by STOP CAFE fast food restaurant concept. On the other hand, the segment was negatively impacted by ongoing imports of fuels within gray zone. 

 

In Q1 Unipetrol Group posted revenues of CZK 28.809 bn, indicating an increase of 16% y/y compared with the first quarter of 2013. The increase was #

On 28 March 2014 Unipetrol and PKN ORLEN signed an annex to the crude oil supplies agreement, which provides monthly increase of crude oil deliveries to Unipetrol RPA by 50 thousand tons of REBCO crude oil. The Annex is valid from 1 April 2014 to 30 June 2016 and secures additional needs for the company’s crude oil deliveries in relation with Unipetrol‘s ownership rights in Ceska rafinerska (67.555% shareholding).

 

In Q1 Unipetrol Group posted revenues of CZK 28.809 bn, indicating an increase of 16% y/y compared with the first quarter of 2013. The increase was #

On 31 January 2014 the transaction of acquisition of 152,701 shares amounting to 16.335% of the Ceska rafinerska’s share capital from Shell with the purchase price for the shares in the amount of USD 27.2 million was completed. Based on the successful completion of the transaction Unipetrol’s stake in the Ceska rafinerska’s share capital has increased from 51.22% to 67.555%.

 

In Q1 Unipetrol Group posted revenues of CZK 28.809 bn, indicating an increase of 16% y/y compared with the first quarter of 2013. The increase was #