UNIMOT’s profit after three quarters of 2016 has grown by 148% rdr and reached pln 20,3 million. The company again rises its result forecasts for this year

Date of publication: 15.11.16

UNIMOT, a dynamically developing multi-utility capital group has published the financial report for the three quarters of 2016. Income of the Group has grown since last year by 65% and net profit by 148%. The high dynamism of growth causes that UNIMOT has again increased its financial forecasts for 2016.

Incrementally for the 9 months of 2016 the Group has achieved incomes from sales at the level of PLN 1,53 billion compared to PLN 924,2 million in the corresponding period of 2015. The consolidated net profit after the 3rd quarter of 2016 amounted PLN 20,3 million, compared to PLN 8,22 million in 2015.

„We have just finished a record quarter as to the achieved incomes and net profit. This is mainly the result of the growing sales of diesel oil and bio-fuels. Undoubtedly, the positive effects of introducing the fuel package and limiting the black economy can be observed on the whole of the market. However, such a dynamic growth of the UNIMOT’s result should be primarily considered as a success of carried out for two years development strategy of liquid fuels sale” – explains Mr Robert Brzozowski, the President of UNIMOT.

The consolidated net profit for the 3rd quarter of 2016 amounted PLN 9,9 million and the incomes PLN 671,2 million, compared to PLN 4,5 million of profit and PLN 306 million of incomes in the 3rd quarter of 2015, which means growth respectively by 121% and 119%. In the scope of EBITDA in the 3rd quarter of 2016 the Group generated PLN 13,9 million, which is a growth by 183% compared with the 3rd quarter of 2015.

The UNIMOT Group has also increased its financial forecasts for 2016.

„The high dynamism of net profit growth and generated so far incomes cause that once again we are increasing our financial forecasts for this year. The previous target net profit at the level of PLN 20 million has been achieved after the 3rd quarter – adds the President of UNIMOT.

Currently UNIMOT expects the incomes to be PLN 2,3 billion, EBITDA will reach PLN 45 million and the net profit PLN 30 million. Previously the expectations were respectively PLN 2 billion and PLN 20 million.

Below you can find chosen data from the quarterly report of UNIMOT

*Chosen consolidated financial results of UNIMOT*
in PLN million	Q3 2016	Q3 2015	rdr change	Q1-Q3 2016	Q1-Q3 2015	rdr change
Incomes from sales	671,3	306,5	119%	1526,1	924,2	65%
EBIT	12,9	4,3	199%	28,5	11,3	152%
EBITDA	13,9	4,9	189%	31,1	13,0	139%
Net profit	9,9	4,5	121%	20,3	8,2	148%