By Helgi Library - April 2, 2020
Grupa Lotos's total assets reached PLN 19,169 mil at the end of 2015, up 1.17% compared to the previous year. Curr...
By Helgi Library - April 2, 2020
Grupa Lotos's total assets reached PLN 19,169 mil at the end of 2015, up 1.17% compared to the previous year. Curr...
| Profit Statement | 2013 | 2014 | 2015 | |
| Sales | PLN mil | 28,559 | 28,502 | 22,709 |
| Gross Profit | PLN mil | 3,085 | 2,526 | 3,860 |
| EBITDA | PLN mil | 809 | -584 | 1,138 |
| EBIT | PLN mil | 167 | -1,393 | 423 |
| Financing Cost | PLN mil | 229 | 732 | 619 |
| Pre-Tax Profit | PLN mil | -58.7 | -2,124 | -195 |
| Net Profit | PLN mil | 39.4 | -1,466 | -263 |
| Dividends | PLN mil | 0 | 0 | ... |
| Balance Sheet | 2013 | 2014 | 2015 | |
| Total Assets | PLN mil | 20,285 | 18,947 | 19,169 |
| Non-Current Assets | PLN mil | 11,981 | 11,792 | 12,446 |
| Current Assets | PLN mil | 8,304 | 7,155 | 6,723 |
| Working Capital | PLN mil | 4,925 | 3,631 | 3,554 |
| Shareholders' Equity | PLN mil | 9,190 | 8,258 | 7,712 |
| Liabilities | PLN mil | 11,095 | 10,689 | 11,457 |
| Total Debt | PLN mil | 6,211 | 6,664 | 6,999 |
| Net Debt | PLN mil | 5,518 | 5,055 | 5,467 |
| Ratios | 2013 | 2014 | 2015 | |
| ROE | % | 0.432 | -16.8 | -3.30 |
| ROCE | % | 0.233 | -9.07 | -1.68 |
| Gross Margin | % | 10.8 | 8.86 | 17.0 |
| EBITDA Margin | % | 2.83 | -2.05 | 5.01 |
| EBIT Margin | % | 0.583 | -4.89 | 1.86 |
| Net Margin | % | 0.138 | -5.14 | -1.16 |
| Net Debt/EBITDA | 6.82 | -8.65 | 4.80 | |
| Net Debt/Equity | 0.600 | 0.612 | 0.709 | |
| Cost of Financing | % | 3.59 | 11.4 | 9.06 |
| Valuation | 2013 | 2014 | 2015 | |
| Market Capitalisation | USD mil | 1,507 | 1,045 | 1,280 |
| Enterprise Value (EV) | USD mil | 3,338 | 2,472 | 2,681 |
| Number Of Shares | mil | 143 | 145 | 185 |
| Share Price | EUR | 31.8 | 25.5 | 27.0 |
| EV/EBITDA | 13.0 | -13.9 | 8.77 | |
| EV/Sales | 0.369 | 0.284 | 0.439 | |
| Price/Earnings (P/E) | 115 | -2.52 | -19.0 | |
| Price/Book Value (P/BV) | 0.494 | 0.448 | 0.647 | |
| Dividend Yield | % | 0 | 0 | ... |
Get all company financials in excel:
| summary | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | |||||||||||||||
| Sales | PLN mil | 14,321 | 19,663 | 29,260 | 33,111 | 28,559 | |||||||||
| Gross Profit | PLN mil | 1,830 | 2,783 | 3,296 | 3,438 | 3,085 | |||||||||
| EBIT | PLN mil | 482 | 1,151 | 1,387 | 314 | 167 | |||||||||
| Net Profit | PLN mil | 901 | 679 | 649 | 928 | 39.4 | |||||||||
| ROE | % | 14.3 | 9.46 | 8.49 | 11.0 | 0.432 | |||||||||
| EBIT Margin | % | 3.37 | 5.85 | 4.74 | 0.950 | 0.583 | |||||||||
| Net Margin | % | 6.29 | 3.45 | 2.22 | 2.80 | 0.138 | |||||||||
| Employees | ... | ... | ... | ... | ... | ... | 4,949 | 5,010 | 5,168 | 5,015 | 4,983 | ||||
| balance sheet | |||||||||||||||
| Total Assets | PLN mil | 15,226 | 17,727 | 20,423 | 20,005 | 20,285 | |||||||||
| Non-Current Assets | PLN mil | 10,107 | 10,872 | 11,582 | 11,454 | 11,981 | |||||||||
| Current Assets | PLN mil | 5,119 | 6,856 | 8,841 | 8,551 | 8,304 | |||||||||
| Shareholders' Equity | PLN mil | 6,846 | 7,513 | 7,782 | 9,066 | 9,190 | |||||||||
| Liabilities | PLN mil | 8,380 | 10,214 | 12,641 | 10,939 | 11,095 | |||||||||
| Non-Current Liabilities | PLN mil | 5,661 | 5,055 | 5,848 | 5,400 | 5,682 | |||||||||
| Current Liabilities | PLN mil | 2,719 | 5,159 | 6,793 | 5,539 | 5,413 | |||||||||
| Net Debt/EBITDA | 6.97 | 3.89 | 3.61 | 6.41 | 6.82 | ||||||||||
| Net Debt/Equity | 0.781 | 0.798 | 0.926 | 0.694 | 0.600 | ||||||||||
| Cost of Financing | % | ... | 3.81 | 3.06 | 2.97 | -0.731 | 3.59 | ||||||||
| cash flow | |||||||||||||||
| Total Cash From Operations | PLN mil | 1,356 | 1,292 | 1,561 | 1,347 | 1,416 | |||||||||
| Total Cash From Investing | PLN mil | -3,340 | -1,067 | -851 | -838 | -931 | |||||||||
| Total Cash From Financing | PLN mil | 2,284 | 555 | 125 | -911 | -245 | |||||||||
| Net Change In Cash | PLN mil | 300 | 779 | 836 | -402 | 240 | |||||||||
| valuation | |||||||||||||||
| Market Capitalisation | USD mil | ... | ... | ... | 1,345 | 1,595 | 879 | 1,927 | 1,507 | ||||||
| Number Of Shares | mil | 121 | 130 | 130 | 145 | 143 | |||||||||
| Share Price | EUR | ... | ... | ... | 31.8 | 36.4 | 23.3 | 41.2 | 31.8 | ||||||
| Earnings Per Share (EPS) | PLN | 7.44 | 5.23 | 5.00 | 6.41 | 0.276 | |||||||||
| Book Value Per Share | PLN | 56.5 | 57.9 | 59.9 | 62.7 | 64.4 | |||||||||
| Dividend Per Share | PLN | 0 | 0 | 0 | 0 | 0 | ... | ||||||||
| Price/Earnings (P/E) | ... | ... | ... | 4.28 | 6.95 | 4.66 | 6.42 | 115 | |||||||
| Price/Book Value (P/BV) | ... | ... | ... | 0.563 | 0.628 | 0.389 | 0.658 | 0.494 | |||||||
| Dividend Yield | % | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | ... | |||||
| Earnings Per Share Growth | % | ... | -299 | -29.7 | -4.44 | 28.3 | -95.7 | ||||||||
| Book Value Per Share Growth | % | ... | 18.3 | 2.37 | 3.58 | 4.57 | 2.76 |
| income statement | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | |||||||||||||||
| Sales | PLN mil | 14,321 | 19,663 | 29,260 | 33,111 | 28,559 | |||||||||
| Cost of Goods & Services | PLN mil | 12,491 | 16,879 | 25,964 | 29,674 | 25,475 | |||||||||
| Gross Profit | PLN mil | 1,830 | 2,783 | 3,296 | 3,438 | 3,085 | |||||||||
| Staff Cost | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 671 | ||
| Other Cost | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,605 | ||
| EBITDA | PLN mil | 767 | 1,541 | 1,996 | 981 | 809 | |||||||||
| Depreciation | PLN mil | 285 | 390 | 609 | 666 | 642 | |||||||||
| EBIT | PLN mil | 482 | 1,151 | 1,387 | 314 | 167 | |||||||||
| Financing Cost | PLN mil | 183 | 185 | 208 | -51.7 | 229 | |||||||||
| Extraordinary Cost | PLN mil | -811 | 245 | 628 | 4.97 | -4.10 | |||||||||
| Pre-Tax Profit | PLN mil | 1,110 | 722 | 551 | 361 | -58.7 | |||||||||
| Tax | PLN mil | 198 | 40.6 | -97.9 | -562 | -98.1 | |||||||||
| Minorities | PLN mil | 11.1 | 2.17 | 0.328 | 0.027 | -0.010 | |||||||||
| Net Profit | PLN mil | 901 | 679 | 649 | 928 | 39.4 | |||||||||
| Dividends | PLN mil | 0 | 0 | 0 | 0 | 0 | ... | ||||||||
| growth rates | |||||||||||||||
| Total Revenue Growth | % | ... | -12.1 | 37.3 | 48.8 | 13.2 | -13.7 | ||||||||
| Operating Cost Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| EBITDA Growth | % | ... | 236 | 101 | 29.5 | -50.8 | -17.5 | ||||||||
| EBIT Growth | % | ... | -655 | 139 | 20.5 | -77.3 | -47.0 | ||||||||
| Pre-Tax Profit Growth | % | ... | -320 | -34.9 | -23.6 | -34.5 | -116 | ||||||||
| Net Profit Growth | % | ... | -299 | -24.6 | -4.44 | 43.0 | -95.8 | ||||||||
| ratios | |||||||||||||||
| ROE | % | 14.3 | 9.46 | 8.49 | 11.0 | 0.432 | |||||||||
| ROCE | % | ... | 8.35 | 4.85 | 4.06 | 5.53 | 0.233 | ||||||||
| Gross Margin | % | 12.8 | 14.2 | 11.3 | 10.4 | 10.8 | |||||||||
| EBITDA Margin | % | 5.36 | 7.84 | 6.82 | 2.96 | 2.83 | |||||||||
| EBIT Margin | % | 3.37 | 5.85 | 4.74 | 0.950 | 0.583 | |||||||||
| Net Margin | % | 6.29 | 3.45 | 2.22 | 2.80 | 0.138 | |||||||||
| Payout Ratio | % | 0 | 0 | 0 | 0 | 0 | ... | ||||||||
| Cost of Financing | % | ... | 3.81 | 3.06 | 2.97 | -0.731 | 3.59 | ||||||||
| Net Debt/EBITDA | 6.97 | 3.89 | 3.61 | 6.41 | 6.82 |
| balance sheet | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| balance sheet | |||||||||||||||
| Non-Current Assets | PLN mil | 10,107 | 10,872 | 11,582 | 11,454 | 11,981 | |||||||||
| Property, Plant & Equipment | PLN mil | 9,679 | 10,388 | 10,524 | 9,645 | 10,009 | |||||||||
| Intangible Assets | PLN mil | 89.2 | 142 | 522 | 543 | 705 | |||||||||
| Goodwill | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 46.7 | 46.7 | ||
| Current Assets | PLN mil | 5,119 | 6,856 | 8,841 | 8,551 | 8,304 | |||||||||
| Inventories | PLN mil | 3,023 | 4,507 | 5,856 | 5,963 | 5,729 | |||||||||
| Receivables | PLN mil | 1,461 | 1,741 | 2,076 | 1,626 | 1,592 | |||||||||
| Cash & Cash Equivalents | PLN mil | 355 | 383 | 384 | 266 | 693 | |||||||||
| Total Assets | PLN mil | 15,226 | 17,727 | 20,423 | 20,005 | 20,285 | |||||||||
| Shareholders' Equity | PLN mil | 6,846 | 7,513 | 7,782 | 9,066 | 9,190 | |||||||||
| Of Which Minority Interest | PLN mil | 36.8 | 14.7 | 0.947 | 0.700 | 0.290 | |||||||||
| Liabilities | PLN mil | 8,380 | 10,214 | 12,641 | 10,939 | 11,095 | |||||||||
| Non-Current Liabilities | PLN mil | 5,661 | 5,055 | 5,848 | 5,400 | 5,682 | |||||||||
| Long-Term Debt | PLN mil | 4,943 | 4,396 | 5,161 | 4,462 | 4,496 | |||||||||
| Deferred Tax Liabilities | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 314 | 276 | ||
| Current Liabilities | PLN mil | 2,719 | 5,159 | 6,793 | 5,539 | 5,413 | |||||||||
| Short-Term Debt | PLN mil | 758 | 1,984 | 2,427 | 2,095 | 1,715 | |||||||||
| Trade Payables | PLN mil | 1,891 | 1,833 | 2,822 | 2,169 | 2,395 | |||||||||
| Equity And Liabilities | PLN mil | 15,226 | 17,727 | 20,423 | 20,005 | 20,285 | |||||||||
| growth rates | |||||||||||||||
| Total Asset Growth | % | ... | 24.9 | 16.4 | 15.2 | -2.05 | 1.40 | ||||||||
| Shareholders' Equity Growth | % | ... | 18.3 | 9.75 | 3.58 | 16.5 | 1.36 | ||||||||
| Net Debt Growth | % | ... | 66.6 | 12.2 | 20.1 | -12.7 | -12.3 | ||||||||
| Total Debt Growth | % | ... | 45.4 | 11.9 | 19.0 | -13.6 | -5.27 | ||||||||
| ratios | |||||||||||||||
| Total Debt | PLN mil | 5,701 | 6,379 | 7,589 | 6,557 | 6,211 | |||||||||
| Net Debt | PLN mil | 5,346 | 5,997 | 7,205 | 6,291 | 5,518 | |||||||||
| Working Capital | PLN mil | 2,593 | 4,415 | 5,110 | 5,419 | 4,925 | |||||||||
| Capital Employed | PLN mil | 12,700 | 15,287 | 16,692 | 16,874 | 16,906 | |||||||||
| Net Debt/Equity | 0.781 | 0.798 | 0.926 | 0.694 | 0.600 | ||||||||||
| Cost of Financing | % | ... | 3.81 | 3.06 | 2.97 | -0.731 | 3.59 |
| cash flow | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| cash flow | |||||||||||||||
| Net Profit | PLN mil | 901 | 679 | 649 | 928 | 39.4 | |||||||||
| Depreciation | PLN mil | 285 | 390 | 609 | 666 | 642 | |||||||||
| Non-Cash Items | PLN mil | ... | 987 | 2,044 | 998 | 62.4 | 240 | ||||||||
| Change in Working Capital | PLN mil | ... | -816 | -1,822 | -695 | -310 | 494 | ||||||||
| Total Cash From Operations | PLN mil | 1,356 | 1,292 | 1,561 | 1,347 | 1,416 | |||||||||
| Capital Expenditures | PLN mil | -3,073 | -1,027 | -678 | -804 | -976 | |||||||||
| Other Investments | PLN mil | -267 | -40.2 | -173 | -34.4 | 44.7 | |||||||||
| Total Cash From Investing | PLN mil | -3,340 | -1,067 | -851 | -838 | -931 | |||||||||
| Dividends Paid | PLN mil | 0 | 0 | 0 | 0 | 0 | ... | ||||||||
| Issuance Of Debt | PLN mil | ... | 1,780 | 678 | 1,209 | -1,032 | -345 | ||||||||
| Total Cash From Financing | PLN mil | 2,284 | 555 | 125 | -911 | -245 | |||||||||
| Net Change In Cash | PLN mil | 300 | 779 | 836 | -402 | 240 | |||||||||
| ratios | |||||||||||||||
| Days Sales Outstanding | days | 37.2 | 32.3 | 25.9 | 17.9 | 20.3 | |||||||||
| Days Sales Of Inventory | days | 88.3 | 97.5 | 82.3 | 73.3 | 82.1 | |||||||||
| Days Payable Outstanding | days | 55.2 | 39.6 | 39.7 | 26.7 | 34.3 | |||||||||
| Cash Conversion Cycle | days | 70.3 | 90.1 | 68.5 | 64.6 | 68.1 | |||||||||
| Cash Earnings | PLN mil | 1,186 | 1,069 | 1,258 | 1,594 | 682 | |||||||||
| Cash Earnings Per Share | PLN | 9.79 | 8.23 | 9.68 | 11.0 | 4.78 | |||||||||
| Price/Cash Earnings (P/CE) | ... | ... | ... | 3.25 | 4.42 | 2.41 | 3.74 | 6.66 | |||||||
| Free Cash Flow | PLN mil | -1,984 | 224 | 711 | 509 | 485 | |||||||||
| Free Cash Flow Yield | % | ... | ... | ... | -47.3 | 4.66 | 27.3 | 8.12 | 10.2 |
| other data | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| other data | |||||||||||||||
| ROA | % | 6.57 | 4.12 | 3.40 | 4.59 | 0.196 | |||||||||
| Gross Margin | % | 12.8 | 14.2 | 11.3 | 10.4 | 10.8 | |||||||||
| Employees | ... | ... | ... | ... | ... | ... | 4,949 | 5,010 | 5,168 | 5,015 | 4,983 | ||||
| Cost Per Employee | USD per month | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3,550 | ||
| Cost Per Employee (Local Currency) | PLN per month | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 11,218 | ||
| Staff Cost (As % Of Total Cost) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2.36 | ||
| Effective Tax Rate | % | 17.8 | 5.62 | -17.8 | -156 | 167 | |||||||||
| Enterprise Value (EV) | USD mil | ... | ... | ... | 3,211 | 3,622 | 2,971 | 3,960 | 3,338 | ||||||
| EV/EBITDA | ... | ... | ... | 13.0 | 7.09 | 4.41 | 13.1 | 13.0 | |||||||
| EV/Capital Employed | ... | ... | ... | 0.724 | 0.701 | 0.613 | 0.726 | 0.595 | |||||||
| EV/Sales | ... | ... | ... | 0.699 | 0.556 | 0.301 | 0.389 | 0.369 | |||||||
| EV/EBIT | ... | ... | ... | 20.8 | 9.49 | 6.35 | 41.0 | 63.3 | |||||||
| Capital Expenditures (As % of Sales) | % | 21.5 | 5.22 | 2.32 | 2.43 | 3.42 | |||||||||
| Crude Oil Throughput | kt | ... | ... | ... | ... | ... | ... | 5,462 | 8,096 | 9,165 | 9,674 | 8,703 | |||
| Utilization Ratio | % | ... | ... | ... | ... | ... | ... | 99.9 | 88.4 | 91.8 | 93.4 | 93.1 | |||
| LNG Production (mil m3) | mil m3 | ... | ... | ... | ... | ... | ... | 19.6 | 20.7 | 16.1 | 20.9 | 16.8 | |||
| Crude Oil Production (kt) | kt | ... | ... | ... | ... | 176 | 187 | 227 | 262 | 219 | |||||
| Sales Volume of Gasoline (kt) | kt | ... | ... | ... | ... | ... | ... | 1,312 | 1,453 | 1,446 | 1,508 | 1,514 | |||
| Sales Volume of Naphtha (kt) | kt | ... | ... | ... | ... | ... | ... | ... | ... | 106 | 175 | 356 | 286 | ||
| Sales Volume of Reformat (kt) | kt | ... | ... | ... | ... | ... | ... | 112 | 154 | 164 | 130 | 0 | |||
| Sales Volume of Diesel (kt) | kt | ... | ... | ... | ... | ... | ... | 3,746 | 4,107 | 4,745 | 4,592 | 4,371 | |||
| Sales Volume of Bunker Fuel (kt) | kt | ... | ... | ... | ... | ... | ... | 63.3 | 34.6 | 42.7 | 33.8 | 40.1 | |||
| Sales Volume of Light Heating Oil (kt) | kt | ... | ... | ... | ... | ... | ... | 330 | 388 | 403 | 338 | 293 | |||
| Sales Volume of Jet Fuel (kt) | kt | ... | ... | ... | ... | ... | ... | 365 | 251 | 457 | 543 | 450 | |||
| Sales Volume of Lubricants (kt) | kt | ... | ... | ... | ... | ... | ... | 68.2 | 62.7 | 64.6 | 69.3 | 72.2 | |||
| Sales Volume of Base Oils (kt) | kt | ... | ... | ... | ... | ... | ... | 106 | 122 | 148 | 152 | 152 | |||
| Sales Volume of Heavy Products (kt) | kt | ... | ... | ... | ... | ... | ... | 1,228 | 1,829 | 1,901 | 1,828 | 1,696 | |||
| Sales Volume of LPG (kt) | kt | ... | ... | ... | ... | ... | ... | 144 | 93.2 | 92.8 | 173 | 220 | |||
| Sales Volume of Crude Oil (kt) | kt | ... | ... | ... | ... | ... | ... | ... | ... | ... | 91.2 | 77.0 | ... | ||
| Sales Volume of Crude Oil as Goods (kt) | kt | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Sales Volume of Natural Gas (kt) | kt | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Sales Volume of Other Refining Goods, Products and Materials (kt) | kt | ... | ... | ... | ... | ... | ... | 124 | 161 | 292 | 344 | 234 | |||
| Sales from Gasoline | PLN mil | ... | ... | ... | ... | ... | ... | 5,079 | 5,979 | 6,851 | 7,654 | 7,169 | |||
| Sales from Naphtha | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | 240 | 480 | 1,097 | 824 | ||
| Sales from Reformat | PLN mil | ... | ... | ... | ... | ... | ... | 212 | 348 | 477 | 459 | 0 | |||
| Sales from Diesel (ULSD) | PLN mil | ... | ... | ... | ... | ... | ... | 11,744 | 15,557 | 21,950 | 23,577 | 21,114 | |||
| Sales from Bunker Fuel | PLN mil | ... | ... | ... | ... | ... | ... | 107 | 74.5 | 116 | 111 | 125 | |||
| Sales from Light Heating Oil | PLN mil | ... | ... | ... | ... | ... | ... | 681 | 972 | 1,330 | 1,240 | 1,023 | |||
| Sales from Jet fuel | PLN mil | ... | ... | ... | ... | ... | ... | 652 | 568 | 1,401 | 1,860 | 1,477 | |||
| Sales from Lubricants | PLN mil | ... | ... | ... | ... | ... | ... | 316 | 330 | 351 | 391 | 404 | |||
| Sales from Base Oils | PLN mil | ... | ... | ... | ... | ... | ... | 220 | 353 | 552 | 569 | 486 | |||
| Sales from Heavy Products | PLN mil | ... | ... | ... | ... | ... | ... | 1,533 | 2,610 | 3,515 | 3,958 | 3,285 | |||
| Sales from LPG | PLN mil | ... | ... | ... | ... | ... | ... | 299 | 271 | 320 | 562 | 621 | |||
| Sales from Crude Oil | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 224 | 202 | ... | ||
| Sales from Crude Oil as Goods | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |
| Sales from Natural Gas | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Sales from Other Refining Goods, Products and Materials | PLN mil | ... | ... | ... | ... | ... | ... | 219 | 291 | 598 | 768 | 519 | |||
| Sales from Upstream | PLN mil | ... | ... | ... | ... | ... | ... | 235 | 327 | 582 | 723 | 586 | |||
| Sales from Downstream (Excl. Retail) | PLN mil | ... | ... | ... | ... | ... | ... | 14,434 | 19,685 | 29,062 | 32,900 | 28,587 | |||
| Sales from Retail | PLN mil | ... | ... | ... | ... | ... | ... | 3,534 | 4,247 | 5,345 | 5,879 | 5,806 | |||
| Sales From Others | PLN mil | ... | ... | ... | ... | ... | ... | 2.10 | 21.1 | 23.3 | 27.2 | 24.5 | |||
| Sales from Consolidation items | PLN mil | ... | ... | ... | ... | ... | ... | -351 | -370 | -408 | -576 | -638 | |||
| EBIT from Upstream | PLN mil | ... | ... | ... | ... | ... | ... | -6.70 | 24.7 | 21.7 | -680 | 174 | |||
| EBIT from Downstream (Excl. Retail) | PLN mil | ... | ... | ... | ... | ... | ... | 476 | 1,003 | 1,061 | 984 | 13.9 | |||
| EBIT from Retail | PLN mil | ... | ... | ... | ... | ... | ... | 55.6 | 13.9 | -38.4 | -11.8 | -24.1 | |||
| EBIT from Others | PLN mil | ... | ... | ... | ... | ... | ... | -0.400 | -1.40 | 3.10 | 5.40 | 13.9 | |||
| EBIT from Consolidation items | PLN mil | ... | ... | ... | ... | ... | ... | -18.0 | 34.8 | -0.600 | -1.50 | -35.2 | |||
| EBITDA from Upstream | PLN mil | ... | ... | ... | ... | ... | ... | 46.7 | 84.8 | 142 | -551 | 308 | |||
| EBITDA from Downstream (Excl. Retail) | PLN mil | ... | ... | ... | ... | ... | ... | 707 | 1,325 | 1,542 | 1,504 | 515 | |||
| EBITDA from Retail | PLN mil | ... | ... | ... | ... | ... | ... | 104 | 63.4 | 9.50 | 39.0 | 32.2 | |||
| EBITDA from Others | PLN mil | ... | ... | ... | ... | ... | ... | 0.500 | 8.60 | 12.8 | 15.7 | 23.8 | |||
| EBITDA from Consolidation items | PLN mil | ... | ... | ... | ... | ... | ... | -18.6 | 33.4 | -2.00 | -3.30 | -37.0 | |||
| Filling Stations Total | ... | ... | ... | ... | ... | ... | 304 | 324 | 369 | 405 | 439 | ||||
| Filling Stations - CODO | ... | ... | ... | ... | ... | ... | 144 | 154 | 190 | 223 | 256 | ||||
| Filling Stations - DOFO | ... | ... | ... | ... | ... | ... | 98.0 | 109 | 136 | 154 | 166 | ||||
| Filling Stations - DODO | ... | ... | ... | ... | ... | ... | 62.0 | 61.0 | 43.0 | 28.0 | 17.0 | ... | ... | ||
| Volume of Retail Sales (kt) | kt | ... | ... | ... | ... | ... | ... | 953 | 994 | 1,039 | 1,012 | 1,017 |
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Grupa Lotos (Lotos) is a vertically integrated oil company based in Gdańsk, Poland. The Company's business consists in the extraction and processing of crude oil, as well as wholesale and retail sale of petroleum products. The Company produces and markets products such as unleaded gasoline, diesel oil, diesel oil for heating purposes, aviation fuel and heavy fuel oil, but also in the production of lubricant oils and bitumens. Shares of Lotos have been listed on the Warsaw Stock Exchange since 2005. The Company manages the refinery in Gdańsk, but is also engaged in the exploration for and production of crude oil from the Baltic Sea and the Norwegian Continental Shelf. The Company also has access to onshore hydrocarbon deposits in Lithuania
Grupa Lotos has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 5.88% a year during that time to total of PLN 1,138 mil in 2015, or 5.01% of sales. That’s compared to 3.12% average margin seen in last five years.
The company netted PLN -263 mil in 2015 implying ROE of -3.30% and ROCE of -1.68%. Again, the average figures were -0.035% and -0.185%, respectively when looking at the previous 5 years.
Grupa Lotos’s net debt amounted to PLN 5,467 mil at the end of 2015, or 0.709 of equity. When compared to EBITDA, net debt was 4.80x, up when compared to average of 2.60x seen in the last 5 years.
Grupa Lotos stock traded at EUR 27.0 per share at the end of 2015 resulting in a market capitalization of USD 1,280 mil. Over the previous five years, stock price fell by 25.7% or -5.77% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 8.77x and price to earnings (PE) of -19.0x as of 2015.
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