Completion of the EFRA Project marks a milestone in the strategy pursued by Grupa LOTOS, which has now become more efficient and more environmentally friendly. The Project places the Company’s facilities among Europe’s most technologically advanced refineries.
over
PLN
2.3 bn
Value of the entire EFRA investment
-0.9% year on year
10.7
m tonnes
crude throughput
+5% year on year
20.7
thousand boe
average daily crude oil and gas production
46
licences
for exploration, appraisal and production of hydrocarbons from offshore and onshore deposits
+2.2% year on year
506
LOTOS branded service stations
Over
80
markets around the world
12
EV charging points
along the Tricity–Warsaw route
Even before the EFRA Project construction was completed, Grupa LOTOS had begun in-depth analyses of further growth-oriented projects. At the same time, the Company is taking measures to maintain a sound financial standing, which is a precondition for investments.
An important development was the signing of an agreement to refinance credit facilities contracted for the 10+ Programme. The new arrangements reduce the number of liquidity restrictions binding on the Company and release security interests and financial collateral securing the credit facilities.
7.2%
year-on-year growth
in monthly average store sales in 2019
1.2%
year-on-year increase
in retail sales of fuels in 2019
PLN 554.6m
dividend paid for 2018
PLN 99.6
maximum LOTOS stock price on the WSE
-7.7% year on year
PLN 2.9bn
LIFO-based EBITDA
The stable financial condition positions the Company for further smooth growth. As part of its strategy, Grupa LOTOS seeks to become a leader in new generation fuels, with efforts to this end including both electromobility and LNG/CNG initiatives.
Grupa LOTOS also intends to use its potential and experience in the area of hydrogen generation and to promote hydrogen as a zero-emission fuel of the future. An important aspect here is the environmental impact.
26.8 kg
CO2/CWT
2.5% reduction of scope 2 emissions relative to 2018
99.5%
recovery
of internally generated waste
PLN 37.5m
costs and capital expenditure incurred by the LOTOS Group companies to prevent environmental damage and manage environmental protection
PLN 10.8m
costs of waste disposal, emission reduction and remediation
Approximately
30%
amount of water drawn by the LOTOS Group companies which is then reused or recycled
Grupa LOTOS’ operations are of strategic importance to Poland’s energy security and economy, which is a source of great responsibility.
Therefore, apart from growth initiatives, it has always been equally important to the Company to maintain uninterrupted production and distribution of products to its customers. This is evidenced by the Grupa LOTOS’ conduct during the coronavirus pandemic and its smooth overcoming of the ‘chlorine crisis’.
FTSE4Good
Grupa LOTOS shares once again included in the London Stock Exchange’s index of ethical investment stocks
5 368
LOTOS Group workforce
1 521
number of beneficiaries of the LOTOS volunteering initiatives
Approximately
PLN 8m
LOTOS Foundation’s total contribution to 125 projects
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