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 Q3 2024 (the ‘Preliminary Data’), it has decided to publish them as confidential information.
The consolidated preliminary data for Q3 2024 are as follows:
· Total revenue: PLN 3 620m,
· EBITDA (i.e. earnings before interest, taxes, depreciation and amortisation): PLN 42m,
· Adjusted EBITDA (i.e. EBITDA adjusted for the estimated valuation of compulsory reserves of liquid and gaseous fuels, reasonable deferrals of costs and revenues and non-recurring events): PLN 104m.
The comparable consolidated data for Q3 2023 are as follows.:
· Total revenue: PLN 3 310m,
· EBITDA (excluding the settlement of acquisitions of entities that were carried out in 2023): PLN 12m,
· Adjusted EBITDA: PLN 29m.
The consolidated Adjusted EBITDA in Q3 2024 was mainly driven by the following factors:
· the bitumen segment's achievement of Adjusted EBITDA of PLN 51 million in Q3 2024, reflecting the peak road construction and repair season occurring in this period. The segment is effectively taking advantage of the market potential and opportunities that arise in the market,
· the liquid fuels segment achieved Adjusted EBITDA of PLN 31 million in Q3 2024. Higher margins in this segment were driven by increased market demand, a decrease in purchase premiums and a positive revaluation (by approximately PLN 7 million) of the costs of future maintenance of compulsory reserves for diesel imports throughout 2024. The Issuer's Group consistently continues to diversify its product portfolio and focuses on introducing and increasing the share of products that enable it to generate higher margins,
· stable financial results were generated by the infrastructure and logistics segment, which generated Adjusted EBITDA of PLN 22 million. This segment includes, among others, fuel storage activities and rail freight services,
· achieving in Q3 2024 a sales volume of 581,000 m3 of diesel, heating oil, petrol and bio-fuels (an increase of 21 per cent year-on-year) and a decrease in LPG sales by 17 per cent year-on-year to 67,000 tonnes.
The presented Preliminary Data have been prepared on the basis of preliminary financial data for Q3 2024 available to the Issuer's Management Board. 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 quarterly report for Q3 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
