Very good results of the UNIMOT Group in Q1 2019

Date of publication: 07.05.19

The revenues of the UNIMOT Capital Group grew by 28.2% yoy in Q1 2019, according to the preliminary estimates that were published today. The consolidated EBITDA reached the level of PLN 22.9 million and the consolidated adjusted EBITDA amounted to PLN 9.8 million.

According to the consolidated financial data the UNIMOT Group achieved within the three initial months of 2019 the revenues in the amount of PLN 868.7 million, which is more by 28.2% yoy. The consolidated EBITDA, i.e. Earnings Before Taxation, Depreciation and Amortisation, amounted to PLN 22.9 million. The consolidated adjusted EBITDA, that is adjusted primarily for diesel reserve valuation amounted to PLN 9.8 million.

I am glad that the results of our subsidiaries support the results of UNIMOT S.A. – explains Mr Adam Sikorski, the President of the Management Board of UNIMOT. Financial results of our subsidiaries in Q1 2019, except for the result generated by trading electricity on auctioning and brokerage platforms, were mainly driven by significantly better yoy results of gas companies and also UNIMOT Energia i Gaz. According to our development strategy we are going to continue to diversify our sources of profit and I am convinced that the share of subsidiaries in this respect will increase – adds President Sikorski.

The estimated standalone financial data (the business of diesel, bio-fuels, LPG and the AVIA chain) was published by the company on 24^th April this year. According to this data in Q1 2019 UNIMOT S.A. achieved PLN 841.8 million of total standalone revenues, standalone EBITDA amounted to PLN 19.1 million and standalone adjusted EBITDA amounted to PLN 7.5 million. Standalone financial results in Q1 2019 were primarily influenced by favourable external environment, lower operating costs yoy driven by the conducted optimising programme, better than expected results of the bio-fuels segment as well as the valuation of compulsory reserve of liquid fuels and justified movements.