Record incomes and net profit of the UNIMOT GROUP after the 4th quarter of 2016

Date of publication: 13.02.17

Record incomes and the net profit of the Unimot Group after the 4th quarter of 2016. Incomes above PLN 2,5 billion, net profit exceeded PLN 30 million.

UNIMOT, a dynamically developing multi-utility capital group has published the financial report for the 4th quarter of 2016. Incomes of the Group have grown annually by 85% to the level of PLN 2,53 billion, and net profit by over 142% to PLN 30,1 million. In the 4th quarter itself the incomes amounted PLN 1 billion and net profit PLN 9,8 million.

Incrementally for the 12 months of 2016 the Group has achieved incomes from sales at the level of PLN 2,53 billion compared to PLN 1,37 billion in the corresponding period of 2015. The consolidated net profit after the 4th quarter of 2016 amounted PLN 30,1 million, compared to PLN 12,4 million in 2015. The achieved EBITDA result in the whole 2016 reached PLN 45,5 million, compared to PLN 19,4 million in the previous year.

– 2016 was a unique year for the UNIMOT Group in most respects. Our strategy of liquid fuels growth has been definitely successful, which is reflected in the growth of incomes, profit and also improved margins. In each subsequent quarter of 2016 we improved our result, which caused that we had to increase result forecasts twice. We started sales of electricity, we are well prepared to increase sales of natural gas. Another important issue was market regulations which limited the activeness of black economy and increased the demand for Diesel oil coming from reliable, legal sources – says Mr Robert Brzozowski, the President of UNIMOT.

The consolidated net profit in the 4th quarter of 2016 amounted PLN 9,8 million and the incomes PLN 1,0 billion, compared to PLN 4,2 million of profit and PLN 0,4 billion of incomes in the 4th quarter of 2015, which means growth respectively by 131% and 126%. In the scope of EBITDA in the 4th quarter of 2016 the Group generated PLN 14,4 million, which is a growth by 126% compared with the 4th quarter of 2015.

– We also spent almost the whole of the year 2016 preparing well to the public offer of shares and moving the listing from the NewConnect to the regulated market of the Warsaw Stock Exchange. As a result we are able to offer the investors 2,2 million of our shares. Orders for the shares of UNIMOT for individual investors last until next Tuesday, 21 February. We want to use the resources acquired from the issuing to increase the trade of liquid fuels, we want to develop, among others, the chain of AVIA petrol stations, we are also implementing an application called Tankuj24 to buy fuels on-line– adds Mr Robert Brzozowski, the President of UNIMOT.

See also President Roberta Brzozowski‘s video commentary to quarterly results.

Orders for the shares of UNIMOT have started

Orders for shares for Individual Investors will be accepted until 21 February, orders for institutional investors will last one day longer. Individual investors will be able to make orders in the offices of Dom Maklerski DM BOŚ, BM Alior Banku, DM PKO BP, DM mBanku, DM Millennium.

The public offer consists in issuing of no more than 2.200.000 of shares. 20% of offered shares are available for individual investors. The issuing price was determined to be PLN 45 per share.

Orders made by individual investors must contain at least 50 shares and no more than 200.000 shares. Making multiple orders in the tranche for Individual Investors is possible. The total amount of shares cannot exceed 200.000 shares.

The initial capital of the Company is at present divided into 5 831 797 shares. On the assumption that all shares in the public offer will be acquired by new investors, they will possess 27,4% of votes in the increased initial capital, giving the right to 25,2% of votes at the General Meeting of Shareholders. The shares remaining outside the control of the majority shareholder will constitute 37,4% of the Company’s shares, which will constitute 34,4% of votes at the General Meeting of Shareholders.

The goal of UNIMOT is to introduce the Company’s shares to trading on the regulated market of the Warsaw Stock Exchange and thus, to move the listings from NewConnect onto the WSE market. The Company’s intention is that shares listed on NewConnect and PDA of the new issuing have their debut on the WSE market as soon as the shares available in the Public Offer have been assigned.

The offeror is Dom Maklerski Banku Ochrony Środowiska S.A. and the Company’s legal advisor in connection with the offer is Kancelaria CSW Więckowska i Partnerzy.

*Chosen consolidated financial results of UNIMOT*
in PLN mln	4th quarter of 2016	I4th quarter of 2015	rdr change	I-IV quarter of 2016	I-IV quarter of 2015	*rdr change*
Incomes on sales	1 005,5	444,0	126,5%	2 531,7	1 368,2	85,0%
EBIT	13,4	5,8	131,1%	41,9	17,1	145,4%
EBITDA	14,4	6,4	125,7%	45,5	19,4	134,6%
Net profit	9,8	4,2	131,4%	30,1	12,4	142,1%