The UNIMOT Group increased the revenue from sales in the 2nd quarter of 2017 by 60%, EBITDA by 25% and the net profit by 60% compared with the corresponding period in 2016. The Group achieved record volumes of fuel sales, opened a few franchise fuel stations under the AVIA brand and developed its mobile application Tankuj24 to compare prices and purchase fuel on-line.
The second quarter of the current year has been very successful for the UNIMOT Group. Group’s revenues from sales amounted PLN 758.2 million, EBITDA PLN 7.6 million, and the net profit PLN 4.2 million compared to respectively: PLN 474.8 million, PLN 6.1 million and PLN 2.6 million in the second quarter of 2016. In this period, the Group recorded the highest in its history volume of fuel sales and record revenues.
Supplies of fuels from the new localization – Schwedt refinery in Germany – were also started in the second quarter of the current year, which attracted high attention of clients located at the western border of Poland. Also, first intra-Community (the EU countries) supplies of fuels were performed with the use of the depot in Dębogórze as a fuel hub. In this period, the logistics department of UNIMOT operated the largest number of wagons in its history – 150 items, conducting record fuel transports.
In addition, the Company successfully participated in tenders for bio-fuels purchases, which contributed to the increase in sales in this segment of its operation.
In the LPG segment, UNIMOT recorded a successful comeback to the market of heating tanks, which resulted in the growth of the number of clients and revenues. Additionally, the wholesale of LPG was being developed through the increase in the number of terminals in the whole territory of Poland.
The Group also developed the activity on the electricity and natural gas market; in the 2nd quarter of the current year the construction of the LNG regasification station in Białowieża was completed. The subsidiary ENERGOGAS, operating in the gas and electricity sector recorded the growth of revenues from PLN 0.02 million in the 1st quarter of 2016 to PLN 12.22 million in the 1st quarter of 2017 and the growth of power delivery points form 430 in June 2016 to 1.781 in June 2017. The subsidiary TRADEA, conducting sales of electricity, recorded the growth in the sales volume from 152 799 MWh in the 1st quarter of 2016 to 259 872 MWh in the 1st quarter of 2017 and a substantial increase in the number of energy producers that cooperate with the Company.
In the 2nd quarter of the current year UNIMOT S.A. started 3 first fuel stations under the AVIA brand and signed franchise contracts with another 4 partners. Concurrently, the Company introduced to the market an innovative project addressed to all car users – a mobile application to compare fuel prices and purchase fuels on-line. At the end of the 2nd quarter of the current year 69 fuel stations were the partners in the Tankuj24 programme.
– We are consequently implementing our strategy based on developing the activity in the three sectors: liquid fuels, gas fuels and electricity. Additionally, creating the franchise network of AVIA fuel stations and the growing number of users of Tankuj24 application allow us to win new clients and achieve the synergy effect. Both projects require financial efforts, which currently increases our costs, but ultimately it will be reflected in diversification and revenue growth – said Mr Robert Brzozowski, the President of the Board of UNIMOT S.A.
In the first half of the 2017 the revenues of the UNIMOT Group amounted PLN 1 4199 million, EBITDA PLN 19.9 million and the net profit PLN 12.1 million compared to respectively: PLN 853.1 million, PLN 17.1 million and PLN 10.4 million in the first half of the 2016, which constitutes the growth respectively by 66%, 16% and 16%.
It is worth stressing the in June 2017 the General Assembly of the Shareholders of UNIMOT S.A. decided to allocate PLN 9.837.382, that is 30% of the Company’s net profit for 2016 for the dividend (PLN 1,20 per share), which was paid to the shareholders on 20 July 2017.
Presentation of UNIMOT’ s financial results: Presentation
Semi annual report 2017: Report
