MOSCOW (MRC) -- Listed fuel giant PKN Orlen earned PLN 539 mln EBITDA LIFO from its retail segment in Q3, a 22% y/y increase, Q3 financial statements out pre-session showed, said the company on its site.
The y/y increase came on higher fuel and non-fuel margins, as well as sale increases in Poland (3% y/y) and the Czech Republic (11% y/y), Orlen said in its presentation.
Sales volumes rose 2.2% to 2133k tons, the financial reports indicated. Sales rose by 3% in Poland, 11% in the Czech Republic, were flat in Lithuania and declined by 1% in Germany, the presentation showed.
Fuel margins rose on all markets, while non-fuel margins only in Poland and the Czech Republic, the presentation showed.
Orlen operated 2689 filling stations at end-Q3, up by 8 stations y/y. The number of catering points grew by 135 y/y to 1335.
CAPEX in the retail segment reached PLN 97 mln in Q3 2015, up from 83 a year before.
As it was written recently, Orlen will buy Kicking Horse Energy Inc. in a USD273 million transaction to increase its Canada production by more than 4,000 barrels of oil equivalent, or about 60 percent. The refiner also agreed to purchase Salt Lake City-based FX Energy Inc. in a USD119 million deal, including debt. FX Energy, which focuses its operations on Poland, will give Orlen its first domestic upstream production.
PKN Orlen is a major Polish oil refiner and petrol retailer. The company is a significant European publicly traded firm with major operations in Poland, Czech Republic, Germany, and the Baltic States. It currently (2015) ranks 353, with a revenue of over USD33.8 billion.
MRC