ORLEN Lietuva shows improvement of financial results due to positive contribution of macroeconomic conditions

23-04-2015  News

​In Q1 2015 ORLEN Lietuva noted:
•        EBITDA LIFO of USD 101m,
•        Higher capacity utilization by 12 p.p (Y/Y),
•        Higher sales volume by 17% (Y/Y),
•        Further improvement of operational indicators.

In the first quarter of 2015 ORLEN Lietuva, due to improvement of macroeconomic conditions and operational excellence, reached EBITDA LIFO amounted at USD 101m.  At the same time the Company showed net profit of USD 47m.

ORLEN Lietuva is committed to improve its operational excellence. Therefore it was possible to reach in 1Q 2015 the improvement of operational indicators: increase of light product yield by 0,3 pp (y/y), reduction of internal usage by 0,9 pp (y/y) higher operational availability and capacity utilization rates. 

- ORLEN Lietuva is focusing on being flexible and efficient. We are adjusting to the circumstances and using all business opportunities in order to get our share of the highly competitive market. We managed to reach good results in 1Q 2015, mostly due to favorable macro conditions. However we remain cautious in order to be ready to perform in a more difficult environment as well. - said Ireneusz Fąfara, ORLEN Lietuva’s General Director.

ORLEN Lietuva is the biggest Lithuanian company, exporter and tax payer. Since 2006, PKN ORLEN has spent nearly USD 4 billion on the acquisition of and further investments in the Mazeikiai refinery. PKN ORLEN has never distributed any of ORLEN Lietuva’s profit as dividend, and has reinvested all financial resources available at the company in its development.

 
 
 

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