Menu

UNIMOT again increases annual forecast of results

Date of publication: 14.11.19

image

The financial forecast for the year 2019 published in June, last year, within the Group’s Strategy for the years 2018-2023, assumed achievement of consolidated adjusted EBITDA in the amount of PLN 34 million. Following the achievement of significantly higher than assumed results for H1 2019 in August this year the Management Board increased the annual forecast to PLN 46.2 million.

On 13 November 2019 UNIMOT published financial results for Q3 2019. The Group achieved the highest historical quarterly revenues in the amount of PLN 1.3 billion and highest this year consolidated adjusted EBITDA: PLN 18.3 million. The consolidated adjusted EBITDA for the first 9 months 2019 amounted to PLN 46.1 million, i.e. 99.7% of the increased annual forecast.

– As we have achieved almost the entire assumed annual result within first 9 months of 2019 we have decided to increase the forecast again. Currently, we are estimating that we will close the current year with the consolidated adjusted EBITDA at the level of PLN 57.6 million – says Mr Adam Sikorski, President of the Management Board of UNIMOT.

Recommended news

Financial results of UNIMOT for Q3 2019: highest adjusted EBITDA in 2019

UNIMOT S.A., listed on the WSE independent importer of liquid and gaseous fuels, has published the...

14 November 2019

See more

UNIMOT has published very good estimates of results for Q3 2019

UNIMOT S.A., the listed on the Warsaw Stock Exchange independent importer of liquid and gaseous...

4 November 2019

See more

First successes of UNIMOT in sales of bitumen

The newly-acquired by UNIMOT S.A. team of specialists responsible for import and distribution of...

11 October 2019

See more

FreshMail.com