On the shut of buying and selling on Wednesday, the Orlen share worth was PLN 72.63 per share. On Thursday, throughout the first hour of the inventory change’s operation, the value fell by over 4 %. Somewhat after 10 a.m. the value per share was PLN 68.44.
Orlen confirmed the outcomes
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Gross sales revenues of the Orlen Group within the first quarter amounted to PLN 82,332 million and had been decrease by PLN 33,496 million yr on yr. As defined within the announcement, the decline in gross sales revenues involved primarily the fuel, refinery, power and mining segments.
The whole property of the Orlen Group on the finish of March this yr amounted to PLN 262,997 million and had been decrease by PLN 1,181 million in comparison with the tip of December 2023. The Orlen Group ended the primary three months of this yr with an working revenue of EBITDA LIFO of 8 PLN .4 billion. As famous, steady monetary outcomes had been achieved with a simultaneous lower in web debt by PLN 1 billion quarter to quarter.
Over PLN 6 billion for investments
Orlen reported that in this time the corporate allotted practically PLN 6.4 billion for investments in all areas of its operations.
“We’re accelerating. The power transformation is without doubt one of the biggest enterprise alternatives in historical past. Orlen should seize it. That’s the reason we concentrate on essentially the most promising tasks and applied sciences. We place better emphasis on effectivity,” stated Ireneusz Fąfara, president of Orlen.
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