Ljubljana, 19th May, 2016 - The Report on the Petrol Group's and Petrol d.d., Ljubljana's Results for the first three months of 2016 was presented to the Supervisory Board of Petrol d.d., Ljubljana at its 29th meeting held today.

In the first three months of 2016, the Petrol Group generated gross profit of EUR 85.8 million, a 4% increase on the same period of 2015. EBITDA totalled EUR 31.5 million, a 7% increase compared to the same period of 2015. The Petrol Group's net profit amounted to EUR 14.0 million, up 5% from the same period of 2015.

50% of the Petrol Group's EBITDA derived from its oil trading activities in Slovenia. Sales prices of oil products in Slovenia, mostly higher compared to the neighbouring countries due to high excise duties and other taxes, had negative impact on the Slovenian oil trade. In spite of harsh economic conditions, the Petrol Group achieved good business results in oil trading on the SE European markets, where 19% of its EBITDA was realised. Good business results were also achieved in energy trading which is becoming an increasingly important part of the Petrol Group's operations, accounting for 27% of its EBITDA. 4% of the Petrol Group's EBITDA was derived from its oil trading activities on the EU markets.

In the first three months of 2016, the Petrol Group sold 747.0 thousand tonnes of oil products, which is 16% more than in the first three months of 2015. The Petrol Group sold 50.8 million m3 of natural gas, down 3% from the same period of the previous year, and 35.1 thousand tonnes of liquefied petroleum gas, up 84% from the same period of 2015. The Petrol Group also sold 3.6 TWh of electricity, which is 13% more than in the first three months of 2015, and 58.1 thousand MWh of heat, an increase of 3% on the figure for the first three months of 2015. Revenues from sales of merchandise in the first three months of 2016 amounted to EUR 126.0 million, up 5% from the figure achieved in the same period of 2015. At the end of March 2016, the Petrol Group operated 484 service stations, of which 314 in Slovenia, 105 in Croatia, 36 in Bosnia and Herzegovina, 9 in Serbia, 9 in Montenegro and 11 in Kosovo.

The Petrol Group will continue with its active sales policy, optimisation of all business processes and efficient risk management. The achieved results show that the Group is successful in pursuing its goals.

Irena Prijović
Deputy President of the Supervisory Board

Tomaž Berločnik
President of the Management Board

PETROL dd published this content on 20 May 2016 and is solely responsible for the information contained herein.
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