The Management Board of UNIMOT S.A. (the ‘Issuer’), with its registered office in Zawadzkie, announces that, having analysed and verified preliminary, estimated selected financial data for Q2 2024 (the ‘Preliminary Data’), it has decided to publish them as confidential information.
The Consolidated Preliminary Data for Q2 2024 are as follows:
· Total revenue: PLN 3 450m,
· EBITDA (i.e. earnings before interest, taxes, depreciation and amortisation): PLN 91m,
· Adjusted EBITDA (i.e. EBITDA adjusted for the estimated valuation of compulsory reserves of liquid and gaseous fuels, reasonable cost and revenue deferrals and non-recurring events): PLN 80m.
The comparable consolidated data for Q2 2023 are as follows.:
· Total revenue: PLN 3 249m,
· EBITDA (excluding the settlement of acquisitions of entities that were carried out in 2023): PLN 82m,
· Adjusted EBITDA: PLN 63m.
The consolidated Adjusted EBITDA in Q2 2024 was mainly driven by the following factors:
· a positive contribution from the bitumen segment, which achieved an Adjusted EBITDA of PLN 47 million in Q2 2024. This segment, in Q2 and Q3, achieves maximum sales volumes due to the peak road construction and repair season occurring during this period. In Q2 2024, the Issuer's Group sold 202,000 tonnes of bitumen,
· the favourable impact of the Infrastructure and Logistics segment, which generated Adjusted EBITDA of PLN 20 million. This segment includes fuel storage activities, which generate stable financial results. The segment also includes rail freight services, which have been on a downward trend since the beginning of the year in Poland,
· liquid fuels segment generated an Adjusted EBITDA of PLN 6.5 million in Q2 2024. The Issuer Group operated in a market environment characterised by domestic diesel quotations at levels that did not ensure the achievement of the Issuer's assumed financial results on this production.
The Issuer's Group consistently continues the process of diversifying its product portfolio and focuses on introducing and increasing the share of products enabling it to generate higher margins,
· achieving in Q2 2024 a sales volume of 505,000 m3 of diesel, petrol and bio-fuels (down 1 per cent year-on-year) and increasing sales of LPG by 2 per cent year-on-year to 70,000 tonnes.
The Preliminary Data presented are based on the preliminary financial data available to the Issuer's Management Board for the second quarter of 2024.The estimates have been made to the best knowledge of the Management Board at the date of preparation, but may differ from the final data, which will be published in the consolidated half-yearly report for the first half of 2024.
Legal basis:
Article 17(1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR Regulation).
Persons representing the Company:
Filip Kuropatwa, Vice-President of the Management Board
